- Kenya Airways remains in the red as loss hits historic USD290.8 million
- Kenya: Ruto urges German enterprises to invest in MSMEs
- Tanzania filmmakers’ quest to nab billions from global movie fans
- Diageo buys additional shares in EABL to become its leading shareholder
- Africa conference to discuss power affordability and access
- U.S. investment in Tanzania to grow after Samia’s policy shift
- Bamburi Cement appoints new CEO amidst dwindling profits
- Airtel Money partners with Prudential Uganda to launch affordable health insurance
Japan has pledged to prioritize quality over quantity in its aid to Africa. Prime Minister Fumio Kishida has pledged to maintain and expand Abe’s interest in Africa.
Tokyo has always financed a variety of projects in different sectors. A decade ago, Japan financed a new container terminal in Mozambique’s port of Nacala and Kenya’s main port, Mombasa. Now, renewables are favoured to promote development and maximize Japanese expertise.
Tokyo financed the April completion of Unit 6 at Kenya’s Olkaria geothermal site. It provided a US$746 million low-interest loan to finance the new project and the transmission lines needed to connect the plant to the rest of the country. Fuji Electric Global and Marubeni Corporation did the work. Japanese firms supply more geothermal turbines than the rest of the world combined, and JICA finances geothermal projects worldwide.…
During this edition, the Tunisian private sector will offer 81 investment projects totalling US$2.7 billion dollars to investors from Africa and Japan. 37,750 employment opportunities will be created by the initiatives listed in a white paper by the Tunisian-Japanese Chamber of Commerce and Industry (CCITJ).
The 128-page white paper includes proposed projects by firms. This is in addition to new projects and those that are already in place and looking for possible partners. These initiatives will be carried out as a result of a triangular relationship between Japan, Tunisia, and other African nations in fields with a high added value.
Some of these projects include 21 in the green and blue economy, the digital industry, artificial intelligence and space technologies (20), pharmaceutical and medical (17), industrial (12), infrastructure and logistics (9) and two in finance.…
While Russia’s preferred visions and modes of action in the Maghreb seem to be fairly well identified, the perceptions and expectations, but also the possible reservations on the Maghreb are more rarely expressed by the leaders of these countries and little-studied at the academic level.
Perhaps we should look at this, as far as the powers that be are concerned, a concern for discretion regarding the sensitive aspects of this foreign policy component – this is particularly true for Algeria – an area on which they generally communicate little and for the academic research community in North Africa, a lack of knowledge related to the history, geography and culture of contemporary Russia.
If there is undoubtedly, on the Maghreb side and with important nuances from one country to another, a manifest interest in a development or a deepening of the partnership with Moscow, questions may remain about Russia’s objectives, especially …
- North Africa GDP was negative -1.1 per cent (2020) and -5.1 percentage point drop over 2019
- But the region is expected to recover pre-pandemic, propelled by oil and tourism industry
- Vaccination is still an important element in supporting the region towards recovery
The African Development Bank (AfDB), one of Africa’s multilateral development finance institutions, has released its 2021 edition of the North Africa Economic Outlook published on November 3, noted several interesting developments, including the potential for the economy to rebound attributed to performance in oil and tourism.
The COVID-19 pandemic trapped North Africa in economic uncertainty, as growth was hugely affected, causing serious shocks in oil prices and a drop in tourism.
The bank report noted that real GDP growth was negative in 2020 at – 1.1 per cent and – 5.1 percentage point drop over 2019. This situation pulled different sorts of reactions to curb the impacts, such …
The Spanish on demand delivery platform Glovo is on course to conquer Africa’s online delivery business space as it continues to become a major thing.
This is after the company announced its plans of expanding Glovo services and operations to include Ghana and Tunisia, bringing its current operations to a total of seven countries on the continent.
Earlier this year, the Spanish on demand delivery platform launched its service operations in Accra in Ghana, and in the following month it saw extending the service to the city of Tema, and it expects to launch in Tunis in Tunisia next month [October].
Also Read: Glovo expands in Kenya
we take it completely for granted that you can push a button on your smartphone and something happens nearly instantly in the real world.
This trend is fast expanding to all sorts of use cases due to our ever growing need for instant …
Africa Nations bagged goodies from the just concluded Paris summit held in France on May 18. The Summit brought together African leaders and global financial institutions, where a new deal was launched for Africa and by Africa, in host of the French President Emmanuel Macron.
For several decades in Africa, debates have taken place around economic relations between France and its former colonies in the continent.
But from Economic and political statements of Commentators of whether few element of exploitation exist or not in France’s way of Trading In Africa it is not a matter of Concern from French President Emmanuel Macron who is in mood to continue trading and offering Goodies to Africa, even though some of the unfair and unequal ethics are left unsaid. his country continues to control the trade and currency of these former colonies. The maintenance of economic domination allows the prolongation of political domination.…
Mozambique, Angola, Namibia, Ethiopia, Zambia, Rwanda, Uganda, Egypt, Tunisia, Algeria and Morocco.
These are the African countries set to be allowed to enter the EU territory as the borders reopen in July, according to a draft list of the countries obtained and reported by euronews.
As the European Union gets ready to reopen its borders, officials in Brussels are debating behind closed doors, the draft of two lists; one with those countries that will be accepted, and one for those which will not, as the territory struggle to meet their previously announced July 1st goal.
The euronews sources also reported that officials “could not reach an agreement”, that talks would continue and that the deadline to open the borders may very well be extended beyond July 1st, suggesting agreements will not be forthcoming in time.
Also read: Air passengers travel confidence key to salvaging African airlines
Notably, Brazil, Qatar, …
The Mercer 2020 gives the cost of living in African cities giving the most expensive and least expensive cities to live in Africa in its Cost of living survey.
The annual survey ranks cities cost of living based on the prices of goods and services such as rent, food and clothing.
The survey is mostly used by multinational organisations to set remuneration packages for their foreign-based employees.
“The Covid-19 pandemic reminds us that sending and keeping employees on international assignments is a huge responsibility and a difficult task to manage,” said Ilya Bonic, career president and head of Mercer Strategy.
According to the report, in East Africa, Kampala Uganda is the least expensive city to live in while Nairobi Kenya is the most expensive city, Kigali Rwanda takes the second least-expensive city followed by Dar-es-Salaam Tanzania.
Also Read: Cost of living to go up for EAC
The report sampled 40 …
Tunisia, one of Africa’s top exotic tourists’ destinations fate is hanging in the balance, due to the novel coronavirus (COVID-19) pandemic threatening the sector, as more than $1.4 billion and 400,000 jobs are at stake.
According to information from Reuters, an official document showed Tunisia seeking a loan guarantee from bilateral partners to issue sovereign bonds this year.
Further, Reuters highlighted that, in a letter sent to the International Monetary Fund (IMF), Tunisia’s central bank governor and finance minister said the country’s economy would shrink by up to 4.3 per cent, the steepest drop since the nation’s independence in 1956.
The IMF, which approved on Friday a $745 million loan to Tunisia to counter the consequences of the coronavirus, said a new funding programme with Tunisia could start in the second half of this year.
Hence, the size of the new programme remains unknown.
Earlier this year, the Tunisian Minister …
South Africa’s trade and industry deputy minister Nomalungelo Gina and Tunisian secretary of state for foreign affairs Sabri Bachtoji have committed to strengthening bilateral economic relations in order to increase trade and investment between their two countries, the government said on Wednesday.
During a meeting in Pretoria, the two emphasised the need to establish a framework and create a conducive environment for the two countries’ business communities to work together.
“Our countries have enjoyed historically strong political ties but it is incumbent upon us to strengthen our economic ties and increase economic cooperation between our countries,” Bachtoji said.
“As the government, we need to work together in setting up a framework and creating an environment that will encourage our business communities to explore the economic opportunities that are available in both countries.”
He said a number of sectors in the Tunisian economy were teeming with opportunities that South African companies …