- Kenya’s NCBA Group reports 56 per cent jump in net profit to $162.3 million
- UNEP report sounds the alarm on Africa’s growing food waste crisis
- I&M Bank’s profits rise by 15 percent as the lender intensifies regional expansion
- Telco giant MTN reshaping presence in Africa with key exits
- German firm Karcher opens new $3 million distribution center in Kenya
- Equity Group to pay record $114 million in dividend despite 5 per cent profit dip
- Under President Samia Suluhu Hassan, a new economic dawn emerges in Tanzania
- BRICS bank readies to disburse $5 billion in loans this year
Browsing: AfDB
The East African Community (EAC) has a combined population of 168.5 million people…
Tanzania’s largest power source is natural gas.…
The 2020 edition of the AfDB Agripitch contest for African agricultural entrepreneurs kicked off on 2 November 2020. The competition pits young entrepreneurs with a focus on agriculture, dubbed Agripreneurs.
The contestants will exhibit startups plans from their respective businesses in an attempt to win seed funds up to a total of $120 000 as well as mentoring and training opportunities.
The prize money will be shared by the different winners of each category. Two of the categories are broken down according to the stage of the business with one category featuring early startups, the other for the mature startup phase. The third category is reserved for women empowered businesses.
The Agripitch competition will run in two segments including a series of webinars and a boot camp for selected entrepreneurs. The boot camp will see the business owner receive training on a number of key business shares including product development, …
Africa is rising and gradually taking over the helm of economic power. This growth is now evenly spread, as other parts of the continent experience a slower growth pace compared to the rest, albeit recent years point to evidence of uneven growth across the continent’s sub-regions.
The African Development Bank’s (AfDB) economic outlook observed that only a third of Africa’s nations met the inclusive mark—downplaying inequality and poverty across the continent. Inequality and poverty have not been combatted efficiently as that would require deep structural reforms, build resilience for farmers against harsh-weather conditions by providing for smart agricultural schemes and providing fiscal space for expansion of safety nets.
In the same context, the continent’s growth has been forecasted on different levels. The outlook released on January 30, pointed out that Africa’s economic growth had stabilized at 3.4 per cent in 2019 and
China’s foreign ministry says that the origin of Africa’s debt problem is complex with each country’s debt profile varying.…
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Africa spends upwards of US$ 35 billion per year importing food.…
Greater manufacturing potential as low-cost manufacturing opportunities continue to move to Africa.…
By mid this year, a lot was going on in Africa especially with the covid-19 pandemic which was eclipsing many other issues on the continent no matter the importance.…
The economic disruption caused by the Covid-19 pandemic has slowed the region’s growth projection to 1.2 per cent for 2020.…
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Africa’s real GDP is projected to contract by 1.7 per cent in 2020, dropping by 5.6 percentage points from January 2020 pre-COVID–19 projection.…