Trending
- Stanbic PMI Report: Mixed performance as Kenya’s agriculture, construction offset manufacturing decline
- Uganda’s land management gets a tech makeover to boost transparency
- Nigeria’s output dips fastest in 19 months on a sharp rise in costs
- Apple faces growing backlash over Congo exploitation
- Why East Africa is staring at higher wheat prices in 2025
- Nairobi Gate SEZ pumps $7 million into Kenya’s agro-processing industry
- What impact will the US election have on Africa?
- Russia and Tanzania unite to double trade, boost Africa market access
Browsing: Zambia
The Lobito Corridor represents a significant transport infrastructure project in Africa. The project will now become a reality with the backing of the US. Moreover, this is one of the projects through which Washington seeks to strengthen its investment ties on the continent. This project entails a transportation network that links northwest Zambia to Angola’s Benguela railway, ultimately connecting to the strategic Lobito port, the second largest seaport in oil-rich Angola.…
- One in five people in Africa suffers from hunger.
- With the rising population, action is necessary to ensure access to healthy and sufficient food.
- AfCFTA can serve as a strong incentive for farmers and other participants in agri-food value chain.
Africa’s population is expected to hit two billion by 2050 yet her food security systems remain a fleeting mirage largely due to delayed financial commitments. Granted, in the past two decades, most African governments have placed great emphasis on transforming their food systems but it progress has been rather slow.
Financing of food systems
Currently one in five people in Africa suffers from hunger. And with a population of 1.1 billion people, it is imperative to take immediate action to ensure access to healthy and sufficient food by 2050. So how will Africa achieve this momentous goal? Experts say all the moving parts are in place, all except one, the …
Population growth and economic development have necessitated speeding up and scaling up infrastructure development in Africa. Over 28 African nations have seen population growth of more than double in the last 30 years. The population of 26 other African countries will quadruple over the next 30 years. Consequently, funding for the continent’s infrastructure has become essential.…
In the last 20 years, Africa’s external debt has grown fivefold to about $700 billion. According to Chatham House, a policy centre in London, Chinese lenders account for about 12 per cent of that amount. As of November 2022, the International Monetary Fund (IMF) and the World Bank considered 22 low-income African countries to either be in debt distress or facing potential external debt distress.…
- Lithium battery industry to grow over 30 percent annually from 2022 to 2030
- Market value for lithium batteries to exceed US$400 billion by 2030
- DRC, Zambia and Tanzania looking to refine cobalt, manufacture lithium batteries
The sale of Electric Vehicles (EVs) is booming in the transport industry of the developed world, and now Africa wants in.
Rather than continue to supply raw materials for the making of the electric vehicle, countries like DRC, Zambia, and Tanzania, want to refine the ores and even manufacture the final product, lithium batteries.
Their ambitions are well placed because the lithium battery industry is booming and will only keep growing. A 2022 analysis by the McKinsey Battery Insights team projected that the entire lithium-ion battery chain, from mining through recycling, could grow by over 30 percent annually by 2030 when it would reach a value of more than US$400 billion.
“Batteries for mobility applications, …
- The United States has been working to increase its economic and political engagement with Africa in recent years.
- Yellen arrived in Dakar, fresh off a nearly three-hour meeting with China’s vice premier Liu He.
- The Biden administration is trying to counter China’s growing influence and infrastructure in the region by offering African countries an alternative path on economic and political security
US-Africa relations have been on the rise in recent years, and the recent visit by US Treasury Secretary Janet Yellen to Senegal has further solidified the commitment of the United States to expand economic opportunities for all in Africa.
Yellen’s visit to Senegal, which took place on January 18, 2023, was a clear demonstration of the importance the United States places on its relationship with Africa. During her visit, Yellen met with young entrepreneurs and business leaders, and delivered a speech emphasizing the potential of Africa’s young entrepreneurs and …
Halwampa said ZDA anticipates to increase its performance next quarter through the prospected revision and enactment of the ZDA, and the Investment Trade and Business Development bills into law which will support domestic investment, trade and business development in Zambia.
He further added that the implementation of the US$50, 000 thresholds for local investors will attract local investors to come on board to invest in their own country.
Halwampa has since called on local investors to take interest in investing in the southern African country and take advantage of the favourable environment which government has created to support local investors.…
