Monday, March 17

Industry and Trade

AIM Congress 2025
  • Global leaders, government officials, policymakers, top investors, business executives set to meet in Abu Dhabi April 7 to 9 for AIM Congress 2025.
  • Key forums will be: Ministerial Roundtable on Investment, Ministerial Roundtable on Investment in Tourism, Heads of Stock Exchange Markets’ Roundtable, Heads of Central Banks’ Roundtable, and Chambers’ Talks.
  • Congress will also host the “Global Women’s Leadership Roundtable: Global Women’s Leadership in the Modern World”.

 The 14th edition of AIM Congress, set to take place from April 7 to 9, 2025, at the Abu Dhabi National Exhibition Centre, will feature high-level roundtable discussions tackling the most pressing global investment challenges.

AIM Congress 2025 held under the theme “Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure”, these discussions aim to generate strategic recommendations that will reshape the global investment landscape.

AIM Congress 2025 will provide an …

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Kenya National Treasury Controller of Budget
  • Controller of Budget Margaret Nyakang’o said the public debt stock increased by 3% from KSh10.58 trillion as of June 2024, to KSh10.93 trillion as of December 2024.
  • Nyakang’o said major funds, including the Housing Fund, the Railway Development Fund, and the Petroleum Levy, are not part of the Consolidated Fund.
  • She has raised concerns about the government’s reliance on overdrafts from the Central Bank of Kenya (CBK) to service both domestic and external debt.

Kenya’s Controller of Budget Margaret Nyakango is calling for the adoption of prudent strategies focused on debt management and revenue collection reforms to check the country’s piling debt. According to her, allocation towards servicing the public debt in the financial year 2024-2025 is set at KSh1.91 trillion, compared to KSh1.87 trillion in 2023-2024, with the country’s average time to maturity for public debt reducing to 7.8 years, down from 9.4 years in 2023.

The allocation comprised …

Excelsa Coffee
  • Excelsa coffee, a century-old discovery from South Sudan, is gaining global attention amid a climate-induced coffee industry crisis.
  • Climate change is devastating top coffee producers like Brazil, causing a 12% output decline and record-high prices.
  • As extreme weather threatens global coffee supply, Excelsa is emerging as a potential resilient alternative.

At the moment, a century-old discovery from South Sudan, Excelsa coffee, is the name on every coffee connoisseur’s lips. The wonder bean is now making waves in the global coffee scene as climate change tightens its grip on the world’s leading coffee-growing regions, manifesting by faltering production amid soaring prices. As the industry search for solutions, Excelsa is emerging as a potential game-changer.

According to the Global Coffee Market 2024 report, Brazil—the world’s top coffee producer—is set to suffer a 12 per cent decline in output due to extreme weather. The same fate is unfolding across other coffee-growing powerhouses, …

AIM Congress 2025
  • The April 7th to 9th exhibition promises unparalleled platform for financing opportunities, expansion, and networking with leaders in several fields of investment.
  • The show is also set to fostering job creation, and strengthen collaboration among participants.
  • AIM Congress 2025 continues to serve as a premier platform for fostering global investment opportunities.

Leaders, captains of industry and exhibitors from over 170 countries have confirmed their participation in the AIM Congress 2025 International Exhibition. The showcase is set to take place as part of the congress’s fourteenth edition at the Abu Dhabi National Exhibition Centre (ADNEC) from April 7th to 9th.

Organized under the theme “Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure”, AIM Congress 2025 seeks to help redefine investment trends and offer businesses a fresh drive to realize economic growth.

AIM Congress 2025 presents a unique opportunity …

Siemens Energy has been at the heart of transformative projects across East Africa, each playing a pivotal role in shaping the region’s energy transition. Photo/Gadgetronix
  • Tanzania well underway to achieve clean energy transition.
  • The nation’s success story has been enhanced by Siemens Energy’s investment in Ubungo Power Plant in Dar Es Salaam.
  • The technology to drive the energy transition is available, and Siemens Energy says it has capacity to make it accessible.

Tanzania faces two fundamental energy transition challenges, achieving universal access to affordable, reliable, sustainable, and modern energy services by 2030, as set out in the United Nation´s Sustainable Development Goal 7. The country is also keen on increasing the supply of electricity to fuel economic growth and improve livelihoods while avoiding a lock-in to polluting fossil fuels.

To this end, we spoke to François Xavier Dubois, Head of Business Development for Siemens Energy East Africa about the progress made and the barriers to transition to clean energy in Tanzania. We also explored the significance of gas to power, green hydrogen, and the potential …

USAID is due to be closed as advised by Elon Musk and backed by U.S. President Donald Trump. In this photo, volunteers at the Zanzalima Camp for Internally Displaced People unload 50 kilogram sacks of Wheat flour that were a part of an aid delivery from USAID on Dec. 17, 2021, in Bahir Dar, Ethiopia.(Photo/Getty Images)
  • USAID was established in 1961 by US President John F Kennedy.
  • The charity arm has over 10,000 global employees and spends $40 million in humanitarian support.
  • Trump, Musk allege USAID is run by “radical left lunatics” getting away with “tremendous fraud.”

A notice placed on the USAID website that announces to all its global staff, over 10 000 personnel, the commencement of an administrative leave this Friday.

A notice placed on the USAID website that announces to all its global staff, over 10 000 personnel, the commencement of an administrative leave this Friday.USAID, a giant charity arm of the US government is being dismantled by U.S. President Donald Trump. This decision is set to sent shockwaves across the world as it comes after almost a century of USAID operations. Established in 1961 by President John F Kennedy, USAID has over the years assumed a huge role in humanitarian affairs across Africa, but under Trump, the organization is now unceremoniously been drugged through the dirt.

Its over 10,000 employees will either be laid off or reassigned and …

Tanzania is swiftly transforming into a digital economy with mobile phone subscriptions and mobile money transactions leading the way.
  • Tanzania is rapidly transforming into a digital economy, with significant growth in mobile money accounts and transaction values.
  • Mobile money transactions increased by 25.2% to 1.1 trillion TZS in December 2024, with mobile money account subscriptions rising by 3.9% to 63.2 million.
  • M-PESA leads the mobile money market in Tanzania with 24 million subscribers, followed by Mixx by Yas with 19 million users and Airtel Money with 11 million.

Tanzania is steadily transforming into a digital economy with mobile phone subscriptions and mobile money transactions becoming increasingly popular across value chains. The country has experienced significant increase both in number of new mobile money accounts and in the number and the value of transactions conducted annually. This is clear evidence of “a deeper financial inclusion and a rapidly expanding digital economy” says the Tanzania Communications Regulatory Authority (TCRA).

According to TCRA, mobile money transactions grew by 25.2 percent during the …

Algeria hydrocarbon
  • Algeria has launched a $50Bn investment drive to revitalize its hydrocarbon sector, starting with a 2024 licensing round offering six onshore blocks to domestic and international investors.
  • Backed by extensive seismic data and a transparent bidding process, the initiative aims to attract global energy players while aligning with sustainability trends.
  • This marks the first step in Algeria’s five-year strategy to position itself as a key energy hub in North Africa.

Algeria, one of the key players in the global energy market, is embarking on an ambitious journey to inject $50 billion into its hydrocarbon sector over the next four years. This investment drive aims to rejuvenate the nation’s exploration and production activities, signaling a new era of energy innovation and international collaboration.

Central to this transformative initiative is Algeria’s 2024 licensing round, which has captured the attention of global energy stakeholders and positioned the country as a beacon for hydrocarbon …

Financial inclusion for women in Africa remains a challenge. According to a recent African Development Bank report, African women entrepreneurs still face a USD42 billion finance gap. Photo/OECD
  • African women entrepreneurs face a staggering $42 billion financing gap.
  • Unfortunately, banks have more stringent loan terms for women-owned businesses.
  • To counter this, Women Creating Wealth (WCW) and Afrishela Fund are providing capital funding options for women in Africa.

Financial inclusion for women in Africa remains a challenge. According to a recent report by the African Development Bank (AfDB), women in Africa running various forms of businesses are facing a staggering $42 billion financing gap.

“Traditional banks often view women-led businesses as high-risk, making loans complicated to obtain and expensive,” AfDB notes in part. Consequently, banks place harder terms for women applying for loans.

“Many women need more business and financial skills to qualify for these loans,” notes AfDB, adding that women also face more stringent legal and regulatory hurdles that further limit the potential of women-owned enterprises.

The AfDB report was shared at a recent workshop held in Tanzania …