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- Tanga port sailing toward becoming Tanzania’s second-busiest cargo terminal
- Tanzania’s roadmap to universal energy access by 2030
- World Bank, WHO, and Unicef in $82M deal to revive healthcare system in wartorn Sudan
- Empowering Africa: Energy leaders gather in Tanzania for key industry summit
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- UAE readies to champion sustainable health during 2025 Local Production Forum
- Stars and Stripes & The Union Jack: Gunster Strategies Worldwide shapes global influence with Farage and Trump
Browsing: COVID-19
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 …
Covid-19's impact on transportation in East Africa has been the greatest impediment to trade in the entire region. Due to the multiple medical tests that drivers are forced to undertake, the wait period has been a critical hinderance on goods being delivered on time. This has drastically changed much of the supply of goods and services from the two key ports of the region, namely the Mombasa Port in Kenya and the Dar es Salaam Port in Tanzania.
With the global pandemic continuing its tirade, no corner in the world is spared. Trade in Eastern Africa has severely been affected by internal and regional barriers inhibiting competitiveness of regional goods and services.
Prior to the outbreak of COVID-19, for example, the port of Mombasa, the busiest in East Africa, handled approximately 27 million tonnes of cargo and processing more than one million containers. Following the pandemic, however, the
Revelations by the Brand Finance Africa 150 2020 Annual report indicate that COVID-19 has cost Africa’s brands $6.3 billion in brand value. This is based on an assessment of the enterprise value of brands across sectors in 2020.
What’s in a name?
Good brand names create a financial value metric known as brand value. This refers to the worth of a brand in financial terms. In simple terms, how much would someone else pay for the brand. The value of a brand is determined by the earnings attributable to the performance of a brand and how much income the brand owner would receive by licensing the brand on to the market.
Stronger brands are cross-cutting and usually operate across many markets with success. They are determined by the performance measured against competitors.
A good brand translates to more profitable operations.
Who is Brand Finance?
Brand Finance is a brand valuation …
The African art market has been on an exponential upward growth trajectory prior to the Covid-19 pandemic, but most recently is teetering on the brink of a precipice, thrusting many artists in a conundrum; the status quo, only to be likened to painting a hollow canvas. According to the Clare McAndrew’s report, ‘The Art Market 2020’,90% of art dealers had projected an increase in sales, heading into 2020, but the global pandemic has been diminishing this optimism and momentum. The latest Art Basel and UBS Global Art Market Report, indicates that global art sales achieved a total of $64.1 billion in 2019, 5% decrease from the 67.4 billion of 2018.
The African art scene has long remained unseen, but the last five years have been profoundly fundamental in the growth of this budding industry. It has brought about a renaissance; crossing over a
Kenya Extends Curfew, Updates you should Know!
Kenya has extended the ongoing COVID-19 curfew for another two months. Making the announcement before press at the start of the week, Kenya’s President Uhuru Kenyatta said the nationwide curfew is intended to curb the spread of coronavirus.
Not only has the length of the curfew been pushed forward 60 days but also the day to day curfew hours have also been extended.
The curfew hours will now run from 11pm to 4 am having been extended from the previously 9 pm-4 am.
President Kenyatta went on to explain that even though there is a notable drop in the spread of COVID-19 infections, the country is better off taken utmost precaution so the trend does not take a turn for the worst.
It is reported that so far, the country’s infection rate has dropped from the highs of 13 percent in June down …
A man is dying of thirst yet he is surrounded by fresh water. That is the irony of the African farmer. The African farmer is surrounded by fertile land and two rainfall seasons yet he is poor and has very little yield.
By all accounts Africa should be feeding the world. Most of the continent is miles and miles of fertile land. Since most of Africa is on the equator or just a few degrees above, it experiences tropical weather that is characterized by two high rainfall peaks.
So why does Africa not produce enough food to feed itself and the rest of the world? Simple, Africa’s productivity is in the hands of the smallholder farmer. The smallholder farmer is a poor peasant who uses rudimentary tools to farm.
Faced with the adverse effects of climate change, the farmer no longer has predictable rain seasons. Instead, as is characteristic of…
With the effects of Covid-19 taking a toll on businesses across the globe, those operating in low income countries and specifically those in Africa have sought for more than finance to pull through.
Invest in Africa (IIA), a private sector-led initiative focused on growing local businesses and local content in Sub-Saharan Africa, has created a Covid-19 SME survival toolkit programme that helps SMEs overcome the potential damage to businesses caused by lockdowns and the ensuing economic shock.
The survival toolkit includes practical guides, solutions and recommendations to help African SMEs get through the many challenges the pandemic represents. It is also organizing a series of webinars under which SMEs can benefit from several industry advisors.
The entity has a curated list of online resources relevant to your business during this pandemic.
“Because the vast majority of businesses in Sub-Saharan Africa are SMEs, they also provide nearly all
While most other East African countries are expected to fall into a recession for the remainder of the year, Tanzania’s economy is actually expected to grow.
The unexpected projection was given recently by the African Development Bank (AfDB) which stated that Tanzania’s economy may expand by as much as 5.2 percent this year.
This report contradicts that of the World Bank which recently forecast that the country’s economy would suffer a slowdown and slump down to 2.5 percent from last year’s high of 6.4 percent.
“Despite the projected slowdown, real GDP growth in Tanzania will benefit from increased prices of gold, a major national export,” reads the report in part.
The phenomena makes sense since gold prices are still climbing thanks to investors opting to use the precious metal as a store of value against the now volatile dollar. The dollar has been taking a pounding from the effects of …
Five years ahead of schedule Tanzania achieved middle income status. To be exact, the World Bank changed it's classification from ‘a low-income to a lower-middle-income country.’
East Africa’s sleeping giant is finally awakening. Right in the middle of the global Coronavirus pandemic, Tanzania has provided a rare piece of good news — on 1 July 2020, the country achieved its middle-income vision five years ahead of schedule. – The Africa Report
The World Bank’s news was announced to the country by it’s President John Magufuli bringing even more recognition to the achievements of Tanzania’s fifth administration.
In his twitter handle, the president posted the new country status emphasizing the achievement was accomplished five years ahead of time.
“Today, July 1, 2020, the World Bank announced that Tanzania has become a middle-income country. I congratulate my Tanzanian colleagues for this achievement. This is a big feat that we have accomplished and…
The elephant population in Tanzania has increased from 43,330 in 2014 to over 60,000 this year. The government attributes the increase to crackdown on poaching syndicates.
A key figure in the poaching and black market trade of ivory, was arrested denting the industry greatly. Christened, the “Ivory Queen” Yang Fenglan, a prominent Chinese businesswoman was last year sentenced to at least 15 years in prison.
However, by time of her arrest, it is estimated she alone was responsible for the smuggling numerous tones of ivory to China. Yang was tried and found guilty of operating one of Africa’s biggest ivory-smuggling rings. By the of her arrest, she is said to have been responsible for smuggling ivory worth over USD2.5m. That value is estimated to have been derived from the slaughter of almost 400 elephants.
Following her arrest, activists suffered a great lose with the murder of Roger Gower in 2016. …