- Econet Wireless Zimbabwe adopts eSim to align with global trend
- East Africa elated as the 2027 Pamoja AFCON bid prevails
- 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
South Africa remains one of the most important trading partners for Zimbabwe; with Zimbabwe importing 40% of its total imports and exporting 75% of its total exports to South Africa.
Since 2007, South Africa has always maintained a trade surplus with Zimbabwe with the surplus widening over the review period mainly attributed to the economic instability experienced in Zimbabwe and the volatility of the South African Rand to the US dollar.
But with the violent events that unfolded in South Africa this past week continually present renewed purpose for some serious soul searching by Zimbabwe’s economic decision makers on how to model the economy out of the dependency on its neighbor to the south for raw materials and other essentials, according to the economic experts.
South Africa’s KwaZulu Natal and Gauteng provinces the two strategic economic areas broke into mayhem last week as looters ransacked major retail shops, banks and …
Rural businesses in Africa will benefit from an ambitious new financing programme launched by the UN’s International Fund for Agricultural Development (IFAD), as part of its broader efforts to address rising hunger and poverty levels in the world’s poorest countries.
In a statement, IFAD says the programme, dubbed ‘The Private Sector Financing Programme (PSFP)’, aims to spearhead an increase in private investment in small and medium-sized enterprises (SMEs), farmers’ organizations and financial intermediaries servicing small-scale farmers, which are too often neglected by investors.
It will provide loans, risk management instruments (such as guarantees), and equity investments.
Commenting on the development, Gilbert F. Houngbo, President of IFAD said there is need to urgently stimulate more private sector investments to rural areas and unlock the immense entrepreneurial potential of millions of rural SMEs and small producers.
“With access to capital, they can attract more investors and partners, grow their businesses and create …
Harrowing tales of men, women and children drowning in the Mediterranean, after taking treacherous journeys by foot, car and boat; crossing borders in search of safer pastures has hitherto proven to be a truth stranger than fiction. However, the deadly voyages are just a tip of the iceberg of the plight suffered by refugees and migrants, who flee their native countries seeking safer havens in foreign lands. Instead, to the few who make it to the other side, they face an uncertain future. For most, this hope is extinguished upon setting foot on foreign soil, where they are met with unspeakable violence, endure untold horrors and experience extreme human rights violations such as assault, detainment and even sexual defilement.
Consequently, psychological trauma plagues this lot, which in most cases leads to dysfunctional behaviors that impair their ability to cope with social or family life. Heretofore, more than 20,000 migrants and …
Digital supremacy has not only ended with space-technology and communication, but has made its way towards health. In this case, Tanzanian youth have used ingenuity in domesticating seamless digital solutions and in making sure essential health services are simplified.
It is the youth who are now innovating realistic and customized digital solutions that link pharmaceutical suppliers, manufacturers, importers and retailers in one system, to ensure pharmaceutical services are executed proficiently and in an organized manner.
The health sector in Tanzania, a nation with more than 55 million people, whose Gross Domestic Product (GDP) grew by 6.8 per cent in the third quarter (according to Bank of Tanzania Quarterly Bulletin), contributed less to the real GDP with only 0.7 per cent, still, its stakeholders strive to develop different spheres of the sector which is crucial for the nation’s welfare.
According to WHO, and UN Comtrade and Business Monitor, Tanzania’s pharmaceutical market …
With more than 14 million people in Southern Africa facing acute hunger, non-governmental organisations are calling on the AU Heads of State to address the issue threatening lives in the region.
The NGOs comprising of Oxfam, CARE, Plan International and World Vision are also calling for the implementation of agricultural policies that will enable people to feed themselves in line with the AU’s Malabo Declaration’s commitment of investing 10 per cent of national budgets in agriculture.
In addition, Southern African leaders are being urged to increase investments in early warnings and early action systems on natural hazards and promote agroecological approaches to transition towards more just and sustainable food systems.
14.4 million people facing acute hunger
Severe food insecurity rates across 9 southern African countries are 140 per cent higher now than in 2018 primarily because people are being hit by weather extremes driven by climate change.
Across the Southern …
The United Nations (UN) Climate Change Conference COP 25, has levitated the climate action landscape in Africa
This has led to the African Development Bank (AfDB) to join forces with 11 other international organizations to assist developing countries to build resilience against the impact of natural disasters caused by extreme weather.
The initiative comes at a rather perfect moment, especially when the region is faced with unprecedented catastrophic weather events affecting the continent’s economy.
According to AfDB, the institutions came together at the COP 25 climate change conference in Madrid on Tuesday to launch the Alliance for Hydromet Development.
Alliance for Hydromet Development
According to the World Meteorological Organization (WMO), the Alliance for Hydromet (hydrological and climate services) Development brings together major international development, humanitarian and climate finance institutions, collectively committed to scale up and unite efforts to close the hydromet capacity gap by 2030. It aims to increase …
The fourteenth edition of the 2019 African Economic Conference (AEC) has commenced in Sharm El Sheikh—Egypt, raising serious ideas towards sending a crucial call to African policymakers to gain a rather strong hold in addressing unemployment among youth in Africa.
According to a statement from African Development Bank (AfDB), African governments are expected to eradicate setbacks and high startup costs that African youth face, in order to create decent well-paying jobs.
The AEC is jointly organized every year by the African Development Bank, the Economic Commission for Africa and the United Nations Development Programme (UNDP) to discuss pertinent issues affecting the continent.
This year’s event is running on the theme: “Jobs, entrepreneurship, and capacity development for African youth”.
Egypt’s Minister of Investment and International Cooperation, Sahar Nasr, gave out a rather vital aspect on the matter during his opening plenary, highlighting that, the conference provided a critical platform to …
Envoys representing member states voted in a secret ballot giving Kenya the nod to contest at the UN polls next year in June…