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- Kenya’s economy posts 5.6 per cent GDP growth in 2023
- The Crucial Role of Private Capital Africa’s Economic Development
- Kenya’s Marine Potential: Fostering Sustainable Blue Economy
- American nationals arrested in foiled attempt to overthrow President Tshisekedi
- The role of financial services in achieving financial inclusion in Rwanda and beyond
- AIM Global Foundation wraps up its engaging participation at Russia’s Kazan Forum
- Will Tanzania’s new truck assembly plant revive old coal mines?
- Communications Authority of Kenya needs $820M for digital superhighway goals
Industry and Trade
- Kenya is pioneering steps towards integrating the concept of the Blue Economy within its governance structure
- Blue Economy has the potential to create direct jobs in the shipping and fishing sectors while indirectly creating jobs
- According to Kenya Maritime Authority (KMA), the industry regulator, Kenya exploits just 8 per cent of the potential of its marine fisheries.
Kenya’s marine potential is vital for social and economic growth and development of the country. Kenya is pioneering steps towards integrating the concept of the Blue Economy within its governance structure have set a precedent for sustainable development in the African continent. With the establishment of the Ministry of Blue Economy, the nation has showcased its commitment to harnessing the vast potential of its marine resources. This move signifies a crucial shift in prioritising the preservation and utilisation of the ocean’s bounty, in line with global sustainability goals.
Kenya has a long coastline …
- The Communications Authority of Kenya has finalised Phase I of the cellular mobile infrastructure project which connected 76 sub-locations.
- The authority also targets the expansion of the postal services and digitally empowering the youth.
- The Authority finalised the rollout of Internet connectivity in 886 public secondary schools spread across 47 counties.
The Communications Authority of Kenya will need at least Sh107 billion ($819.9 million) to protect consumers and foster competitive ICT markets in a bid to establish Kenya as a digital superhighway. While unveiling its five-year strategic for 2023-27, CA Director-General David Mugonyi said the authority would prioritise increased broadband penetration, adoption of emerging technologies and improvement of cyber security as a way of powering the government’s Bottom-Up Economic policies.
The authority also targets the expansion of the postal services and digitally empowering the youth, women and people living with disabilities. “The goals are backed by a robust implementation plan …
- Sustainable Trade in Tanzania seeks to integrate the strengths of private sectors and civil society organisations to promote green growth.
- The plan seeks to grow trade practices that are both inclusive and environmentally sustainable.
- The project seeks to improve trade resilience to climate change by advocating for sustainable trade practices.
The Foundation for Civil Society (FCS) and TradeMark Africa have sealed a grant agreement to launch a $ 900,000 Private Sector and CSOs project to drive sustainable Sustainable Trade in Tanzania and inclusive business practices, addressing the significant systemic challenges in Tanzania’s trade sector.
Funded by the Foreign, Commonwealth & Development Office (FCDO), Ireland, and Norway, the TZS2.3 billion ($900,000), the project seeks to integrate the strengths of private sectors and civil society organisations to promote green economic growth.
Many women in Tanzania remain in the informal trading sector, facing barriers such as limited access to finance and inadequate training …
In 2020, Wool was the world’s 653rd most traded product, with a total trade of US$2.5 billion. Between 2019 and 2020, Wool exports decreased by -31.4 per cent, from US$3.65 billion to US$2.5 billion. Trade in Wool represents 0.015 per cent of total world trade.
Wool is a part of fine or coarse animal hair, horsehair yarn, and woven fabric. They include greasy shorn wool, not carded or combed, Degreased shorn wool, not carded, combed, or carbonize, Carbonized wool, not carded or combed, Degreased wool, not carded, combed, or carbonized, and Greasy wool (other than shorn) not carded or combed. In 2020 the top exporters of Wool were Australia, South Africa, New Zealand, the United Kingdom, and Uruguay.
The fastest growing export markets for Wool of South Africa between 2019 and 2020 were China, Eswatini, and Uruguay. In April 2022, South Africa’s Wool exports accounted for up to ZAR205 million, …
The AfCFTA Agreement has been signed by 54 African nations thus far. Among them, 46 tariff proposals have been filed, including one by the Customs Union. Furthermore, 29 tariff proposals are technically validated for trade.
Under the Rules of Origin discussions, 87.7% of import tariffs have been settled, while phase two consultations on Investment, Intellectual Property Rights, Competition Policy, Women and Youth in Trade, and Digital Trade are underway.…
The detection of foot-and-mouth disease (FMD) in Botswana has sent shockwaves through the livestock sector and for good reason.
FMD is a highly contagious viral infection that affects cattle, sheep, and pigs. To be clear, the consequences of an FMD outbreak are significant; and, for those directly affected they are dire.
Botswana has suspended all exports of cattle and related meat products while authorities investigate a suspected outbreak of foot-and-mouth disease.
- Botswana has suspended all exports and movement of cattle and related meat products while authorities investigate a suspected outbreak of foot-and-mouth disease
- The ban on the movement of cattle follows a similar step by neighbouring South Africa to curb an outbreak of the highly contagious viral disease which affects cattle, pigs, sheep, goats, and other cloven-hoofed animals
- China banned the import of all cloven-hoofed animals and their products from South Africa due to an outbreak of foot-and-mouth disease (FMD)
Paladin is restarting its Langer Heinrich uranium mine in Namibia that was idled due to low prices. Australian uranium producers, including Paladin, have raised close to US$282.08 million in share sales this year to fund exploration and resuscitate mines.
The current primary uranium supply is unable to meet demand, and the deficit is being met by secondary supplies and inventory drawdowns, Paladin CEO Ian Purdy said at the Digger & Dealers Mining Forum in Kalgoorlie, Australia.
The average annual deficit is projected to be in the range of 40 million pounds over the coming decade, he told the forum.…
As of the 31st of December in 2021, these prerequisites were not satisfied, and hence, no sum was recognised.
After purchasing the seven licences from Barrick in a cash-and-stock transaction, Shanta committed to pay Barrick Gold a royalty rate of two per cent on any actual gold production in the future.
During the previous two years, when Shanta Gold has been spending a significant amount of money on feasibility studies to ascertain the true extent of the gold reserves, and whether or not to move on with production, the West Kenya project has not generated any revenues.
The region is projected to produce 1.6 million ounces of gold from its deposits.…
Invictus Energy received environmental impact assessment (EIA) renewal approval from the Zimbabwe Environmental Management Agency (EMA) for the Cabora Bassa project.
The renewal will be valid until July 2023 and permits the company, which owns 80 per cent of the project, to operate in accordance with Part XI of the Environmental Management Act.
Additionally, the renewal concludes the permitting requirements and enables the company to undertake activities in the field, including seismic acquisition and exploration drilling.…
