Browsing: job creation

Slot Qris Chinese firm Chery invests $20 million in Kenya to tap the growing demand for electric mobility  He added…

Kenya looks to rise on its estimated $38.4 million blue economy investments to grow sector revenue to $921 million annually. …

Tanzania’s third five-year development plan focuses on creating employment for its fast-growing youth population. The country plans to increase the employability of its graduates and youth in general through a comprehensive skills development program. According to a report, Tanzania’s five-year development plan will cut unemployment from 9 per cent in 2019 to 8 per cent by 2025/26.

World Bank further notes that the unified digitisation of the East African economy is estimated to generate up to a US$2.6 billion boost in GDP and 4.5 million new jobs that will largely benefit those at the bottom of the pyramid.

Data by GSMA reveals that by the end of 2020, 495 million people subscribed to mobile services in Sub-Saharan Africa, representing 46 percent of the region’s population, an increase of almost 20 million on 2019.

GSMA revealed that smartphone connections will more than double by 2025 in Sub-Saharan Africa with the East African Community registering the largest incremental growth, led by Rwanda and Tanzania. 

African Development Bank (AfDB) approved a $22 million Senior Loan to help corporate leasing company (Corplease) expand its lending to…