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- Ethiopian Airlines bets big on Boeing freighters in $5 billion cargo fleet expansion
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- Gulf and African states meet in Dar to rewrite rules of labour migration
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Browsing: Africa
On the bright side, even with the credit growth slowdown, it remained positive, growth still maintained and upward trajectory. This is also for both domestic credit extended to the private sector as well as the central government too.
Growth is expected to improve as the global economy normalizes over time but meanwhile, the government, through the central bank is instituting measures to increase liquidity and reduce lending rates, which in turn is expected to allow the private sector to have increased access to credit.
As part of these fiscal measures, the BoT has already issued TShs1 trillion to commercial lenders to help beef up their lending capacity and to do so at lower interest rates. This in turn is meant to encourage the private sector to borrow and increase production.
As the world observes International Youth Day, Africa is producing a growing number of young entrepreneurs who are adopting new…
On International Youth Day, the African Development Bank (www.AfDB.org) announces the enrolment of 130,000 users in its Coding for Employment…
The Serengeti, home to the largest annual migration of over 1.5 million wildebeest and zebras making it your never-miss animal show…
The Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Devolution and the Arid and Semi-Arid…
Multinational companies will cut suppliers for failing to curb carbon emissions, with 78 per cent of multinationals (MNCs) planning to…
A recent report showcasing how Covid-19 has affected travel with restrictions has shown that Kenya is the recent most banned…
Rural businesses in Africa will benefit from an ambitious new financing programme launched by the UN’s International Fund for Agricultural…
That year, in 2015, Kenya, Rwanda, Uganda, and Tanzania settled for a three-year plan to phase out the importation of used clothes, a major exporter been the United States. To realise the intended ban, taxes were increased on second-hand clothes were increased effectively deterring their importation. The plan was to completely ban the import of second-hand clothes as of 2019.
This ambitious vision was never realized as the Trump administration issued an ultimatum for EAC to rescind the ban on second-hand clothes by 23 February 2018 or, as the DW writer Isaac Mugabi puts it ‘face the consequences.’
If death could be bribed, the rich men would never die, this old African saying has come to life as…