Trending
- Kenya, Tanzania braces for torrential floods as Cyclone Hidaya approaches
- EAC monetary affairs committee to discuss single currency progress in Juba talks
- Transport and food prices drive down Kenya’s inflation to 5% in April
- Payment for ransomware attacks increase by 500 per cent in one year
- History beckons as push for Kenya’s President Ruto to address US Congress gathers pace
- IMF’s Sub-Saharan Africa economic forecast shows 1.2 percent GDP growth
- The US Congress proposes extending Agoa to 2041, covering all African countries
- Millions at risk of famine as fuel tax row halts UN aid operations in South Sudan
Africa
- Kenya and Tanzania, already reeling from nature’s fury, now confront the looming threat of Cyclone Hidaya.
- Cyclone Hidaya’s trajectory places the eastern coast of Tanzania squarely in its crosshairs as neighbouring Kenya braces for floods.
- The relentless deluge gripping East Africa finds its origins in the El Nino weather pattern.
Millions of people in Tanzania and Kenya are on edge as Cyclone Hidaya, a formidable tempest, barrels toward the region, exacerbating the havoc wrought by ongoing heavy downpours and catastrophic floods that have claimed hundreds of lives across East Africa.
Kenya and Tanzania, already reeling from nature’s fury, now confront the looming threat of a cyclone poised to unleash further devastation, with forecasts predicting a grim landfall later on Friday, May 3rd.
At the moment, Cyclone Hidaya’s trajectory places the eastern coast of Tanzania squarely in its crosshairs, with fears mounting over its potential impact on neighbouring Kenya. As …
- US Congress members ask Speaker Mike Johnson to invite President Ruto to address the assembly.
- President Ruto will be visiting the US on May 23 to mark 60 years of US-Kenya diplomatic ties.
- If invited, President Ruto would become the first Kenyan Head of State to address a joint session of US Congress.
In a historic plan highlighting the deepening ties between the United States and Kenya, House Foreign Affairs Committee chairman Michael McCaul (Republican – Texas) and Ranking Member Gregory Meeks (Democrat – New York) have jointly sent a letter to Speaker of the House Mike Johnson (Republican – Los Angeles, asking him to extend a formal invitation to President William Ruto of Kenya to address a joint session of Congress during his upcoming visit to the US, slated later in May.
“This year, we are celebrating the historic 60-year anniversary of the U.S.-Kenya diplomatic relationship. Such an invitation …
- The IMF has identified South Sudan, Burundi, and the DRC as East African Community member states poised for significant economic growth in the 2024–2025 period.
- GDP growth in Burundi is projected to increase from 4.3 to 5.4 percent and in the DRC from 4.7 to 5.7%.
- Kenya leads regionally with a projected GDP of $104 billion, ranking 7th overall among the continent’s largest economies.
The economic outlook for East African Community member states South Sudan, Burundi, and the Democratic Republic of the Congo (DRC) is poised for significant economic growth in the 2024–2025 period. This prognosis by the International Monetary Fund (IMF) comes despite these nations grappling with conflicts, marking them as among the most fragile in the region.
In its latest regional economic outlook report for Sub-Saharan Africa, the IMF forecasts a noteworthy 1.2 percent gross domestic product (GDP) growth for South Sudan, from 5.6 to 6.8 percent, despite …
African countries cannot leapfrog their way into industrialization. Yes, there was a telecommunications jump largely bypassing landlines to mobile phones in the early 2000s, but internet penetration is still low at 36%. Other sectors of many African economies are stagnating. For instance, electricity is a foundational requirement for industry, manufacturing enterprises, for doing business, for running hospitals, schools, and for improving the quality of life at home. Yet over 600 million Africans still lack access to reliable and affordable electricity. This further depresses business productivity and generating their own power increases the operating expenses of companies. More broadly, the objectives of the landmark African Continental Free Trade Area to boost intra-African trade are severely hampered by the limited transportation options to facilitate the affordable and efficient movement of people, goods, and services from one country to another. The lack of adequate water and sanitation presents overwhelming and adverse health …
Vaccine diplomacy will take centre stage for the global political economy in 2021. It is rapidly emerging as an important tool in the arsenal of global superpowers as they seek to expand their geostrategic influence amid the Covid-19 pandemic.
Affordable and equitable access to Covid vaccines has the potential to shape the global economic recovery, and speedy and effective rollout represents a huge opportunity to redraw global power maps and reshape strategic alliances. Naturally, the stakes are high, and the competition is intense to achieve both first-mover advantage and scale.
Africa will emerge as a theatre of competition. But with limited financial resources and a lack of bargaining power the option set will be limited for African countries as they try to procure the vaccine. This lopsided power dynamic, which has entrenched them firmly at the back of the vaccine queue, is being described as vaccine apartheid. John Nkengasong of …
As the country seeks an industry revival, Angola Oil & Gas 2021 will serve as the official meeting place and investment destination for industry stakeholders.
Angola, as the second-largest oil producer in sub-Saharan Africa, holds approximately 8.2 billion barrels of proven oil reserves. Contributing to 50% of gross domestic product and nearly 90% of national exports, oil represents an invaluable resource to the domestic economy. The country also holds the fourth-largest proven natural gas reserves in Africa – approximately 343 billion cubic meters – along with significant renewable potential in solar and wind. In a bid to offset declining hydrocarbon production, the Angolan Government has implemented several key initiatives focused on spurring new exploration activities, increasing foreign direct investment and incentivizing local participation within the industry. Accordingly, Angola is set to become a prime investment destination in 2021, as it seeks a year of revival for its prolific oil and …
A few months ago, Zimbabwe lost a prominent young businessman Genius Kadungure popularly known as Ginimbi. His fame came not from his business endeavors but rather his larger than life lifestyle. In his rural home of Domboshava, he built a mansion that could easily be confused for a hotel. His fleet of cars comprised of several Rolls Royce models, a few Bentley’s, Lamborghini Aventador S Coupe a Ferrari 488 Spider, a few Mercs, and a couple of Range Rover models. He certainly had an affinity for the finer things in life.
He was not alone. In May 2020, South African Thabiso Ndlovu caused a furor on Twitter when he posted a video of 5 luxury vehicles he purchased at one go including three porches, a Jeep, and a Lamborghini Iris SUV.
Kenyan Chris Kirubis is another business mogul who made the headlines on several occasions for his preference for luxury …
What should East Africa and Africa in general expect under a Biden led US administration? Well not to be called shitholes, that is for sure.
Africa can expect a more respectful business minded approach, and granted the move to this positive relation started pre-US 2020 elections.
Back in October 16 2020, US National Security Advisor Robert O’Brien said “America’s goal in [Africa] is to support locally led problem-solving for enterprise-driven growth, inclusive societies, and transparent, accountable governance.”…
African continent is making strides towards the realization of Agenda 2063. One of the key steps, the free trade agreement, was successfully launched on the 1st of January 2021 after having been delayed by Covid-19.
The trade agreement has hit the ground running. Already recording its first trade under the terms of the free trade treaty.
Ae Trade Group and Ethiopian airlines partnered for the transportation of momentous parcels- handmade trophies from the Kingdom of Eswatini to invoke the AfCTA trade. This trade marks the beginning of trading under the African Continental Free Trade Area.
Ethiopian Airlines -DHL is a logistics operation born from a 2008 partnership between the two entities which operate across Africa.
The first shipment of parcels was received in Ethiopia at the Addis Ababa Bole International Airport on the 1st of January amid pomp and fanfare with a ceremony organized to applaud the start of the …
