- Young African queens reshaping the continent’s global influence
- Energy outlook: access to electricity in Africa still short of SDG7
- Tanzania’s ambitious journey to energy riches
- Nigeria bets big on Fluenta technology to regulate flare gas emissions
- Depreciating shilling worsens Kenya’s debt and economic struggles
- High fuel prices in South Africa to worsen inflation
- M-Mama’s life-saving journey reaches Malawi
- Natural gas: a flame of opportunity for African economies
Browsing: East Africa
Lake Victoria’s fisheries support more than 3 million livelihoods and bring in US$500 million in revenues annually.
Nile Perch is the main fish caught in Lake Victoria. Fish maw - the air sack that aids the Nile Perch in floating and a Chinese delicacy - has been a major export source. Statistics from the Uganda Ministry of Agriculture indicate an increase in fish maw exports earning from US$27m in 2015, to US$31m in 2016, US$48m in 2017 and US$52m in 2018. These earnings exclude the earnings from Nile Perch and its eggs.
However, the lake has been invaded by water hyacinth - the floating, green mats of waxy leaves with purple blossoms - depriving the waters below of oxygen which makes it hard for aquatic life to survive.
That, plus overfishing which occurs when fishermen use undersized nets that catch fish before they reach maturity, rapid population growth, and pollution…
South Sudan and Djibouti have signed an MoU to lay fibre optic cable from Djibouti to South Sudan’s capital, Juba, via Ethiopia. Djibouti’s fibre optic is not the first telecommunications infrastructure that South Sudan is connecting to. In January 2020, Liquid Intelligent Technologies (LIT) announced the installation of a 200km fibre backbone to connect the Uganda border to Juba.
Authorities believe additional data capacity will enable the country to successfully implement its digital transformation strategy by making broadband internet connectivity more affordable. South Sudanese officials said the agreement would ensure that region is connected to the international community and reduce the high cost of the internet.
South Sudan’s Ministry of Information, Communication Technology and Postal Services said South Sudanese and Djibouti government officials would establish a technical committee to oversee the project.…
Africa’s fast population growth exacerbates the issue. According to most estimates, Africa’s population will double by 2050 and then double again by 2100, finally reaching over 4 billion by the end of the century. Feeding Africa’s rising population will need considerable breakthroughs in the continent’s food systems.
However, agricultural progress may be difficult if African farmers are subjected to more severe climatic effects. To prepare for these future difficulties, one must understand how climate change will materialize in Africa and its impact on the continent’s agricultural systems.…
On the backdrop of increasing global demand for cashew nuts, the government of Tanzania is now subsidizing agro-inputs for farmers of the crop.
According to global market trends, demand for edible cashews is on a drastic rise riding on the back of increased consumer consciousness of the nut’s high nutrient value. Cashews are consumed whole as a snack but due to the increased market response to its high nutrient value, producers are now increasing their value chain through various products.
- Tanzania issues free agro-inputs to cashew nut farmers
- The world cashew market growing rapidly
- China government launches national campaign for daily consumption of nuts
Cashews can nowadays be found in almost all of your daily treats in energy bars, cookies, chocolates, and even ice creams. Grown across several continents, demand for cashew is highest in Asia where it is used as the main ingredient in various dishes as well as …
- Fuel price rise across EAC
- National Assembly hears public outcry on the rising cost of living
- Governments working on solutions to lower fuel prices
Prices of essentials are increasing rapidly across the East Africa Community (EAC) from basic home needs like food and water to fuel and transportation, inflation has hit the region hard.
According to the Tanzania National Bureau of Statistics (NBS), the cost of food in Tanzania increased 6.60 percent in April of 2022 over the same month in the previous year.
NBS also contends that the country’s Annual Headline Inflation Rate for the month of April, 2022 increased to 3.8% from 3.6% recorded in March 2022.
According to NBS, Headline Inflation Rate measures inflation when all items in the fixed Consumer Price Index (CPI) basket are included.
“The increase of headline inflation explains that the speed of price change for commodities for the year ended April 2022 …
- AfCFTA testing new tool to measure ease of trade among African countries
- Early test results indicate major gender parity issues
- AfCFTA secretariat to seek national policy change to ease cross border trade
So you wish to invest in Africa, with 51 countries to choose from, what factors are going to guide your decision? Once you have overcome that huddle, comes another matter to address and that is ‘how easy is it to do businesses between said African countries?’
The second part of the question is what we will focus on here, how easy is it to do business between and among various African countries.’ There already exist several trading blocs and free trade zones etc and finally the largest of them all the African Continental Free Trade Area (AfCFTA) has finally been passed and is in action.
So what does this mean for investors, for businesses seeking to trade between …
Despite poor irrigation systems, extreme weather conditions and soil quality becoming the case for wheat importation instead of farming it, countries such as Tanzania and Kenya are amping up their farming systems.
Tanzania’s irrigation area has risen to more than 727,000 hectares from around 625,000 in 2021. The nation has built silos in Burundi, Kenya and Congo, easing up supply and trade of crops across the regions. Kenya, East Africa's leading economy and among Africa's top four in fintech is leveraging modern financial technology to enhance commercial agriculture practices.
Utiliser application is a challenge, and the nation is striving to assist farmers in adapting to new tech by offering subsidies to ensure productivity is restored, while Uganda is striving to level up the playing field for farmers to access and adopt low-cost irrigation and climate-smart agriculture systems. On the same note, it also intensifies the functions of the entire agriculture…
Infrastructure development continues to be a vital driver of foreign direct investment (FDI) since logistics are so necessary for global business development, mainly e-commerce, which is now a significant generator of income and jobs at home and abroad.…
Most Kenyans, 83 per cent, indicated a willingness to increase the amount of money they allocate to savings and investments, but the inability to save due to insufficient funds after fulfilling their obligations that require regular funding and the availability of quick digital loans.
Among their obligations which contribute to Kenyans’ financial strain is supporting their extended family which considerably bites into their savings. 84 per cent of people indicated that they regularly provide some income to their extended family, mostly in case of emergencies, because they feel a sense of obligation to send their extended families money and because their extended family members treat them better when they are sent money.
On their part, the extended family members mostly use the money to cater to recurring expenses like food & transport, school fees and medical expenses at 23 per cent, 19 per cent and 18 per cent respectively. Farm-related …
Africans and African diaspora across the world commemorated Africa Day on May 25, 2022.
The day truly serves to integrate the diverse continent into one identity. This year bears extra importance as it is also the 20th anniversary of the African Union (AU). The theme for this year was "Strengthening Resilience in Nutrition and Food Security on the African Continent".
Yet, the celebration was tarnished by rising food prices as a result of Covid-19, climate-induced drought in parts of Africa, and the Ukraine crisis, according to Hindustan Times.
According to an article by Hindustan Times published on June 17, 2022, Africa Day is to commemorate May 25, 1963, when 30 independent African leaders signed the founding charter of the OAU (Organization of African Unity). Later to give more impetus to the organisation, many new areas were added and it was transformed into African Union (AU).
Yearly, the AU decides a…