Browsing: Zambia

KQ has also increased the number of flights to Dar es Salaam and Entebbe from 14 to 16 while Kinshasa has seen an increase from 5 to 8.
Some Western countries like the UK and the US have issued travel advisories to their citizens, against travelling to Ethiopia.
The British Embassy has advised its citizens to leave Ethiopia while commercial flight opportunities are still available. The European nation has said that leaving Ethiopia may be difficult or even impossible in the coming days. …

The report cited several African countries as the source of mukula rosewood feeding the world’s illegal market. The report points at several high government officials in the countries, including Zambia. The report also calls for instituting a zero export quota on mukula; however, two years down the road after the CITES resolution, much remains to be desired on a commitment to upholding the protection of mukula trees. 

The report raised serious concern about the implementation of the recent international protection granted to the threatened mukula tree by the CITES. 

As of the sitting of the CITES back in 2019, the EIA estimates that over 50 40-foot containers of mukula logs had been illegally exported every single month between 2017 and 2019, and that investigation focused on Zambia alone. …

• According to the Namibia representative at the GBF Africa 2021 Namibia is looking to build a dynamic economic structure focused on specific industries and 97 products.
• The secretary general of COMESA H.E Chileshe Kapwepwe, says the Zambian government is working effortlessly to increase focus on creating strong business enabling environments that will attract foreign investments their top most agenda.
• All three speakers confirmed the need to build solid infrastructure across the African
  continent, stressing that it was the backbone of today’s economies.

Africa’s potential as a growth market for business remains both underestimated and misunderstood as does the potential for business to play a transformative role in solving the continent’s biggest challenges a reason enough why business leaders who attended GBF Africa 2021 drawn from different nations came together to spend a considerable time sharing knowledge on rapid changes in the business world and their implications for the future of …

South Africa has a market-oriented agricultural economy that is highly diversified and includes the production of all the major grains (except rice), The agricultural sector contributed around 10 percent to South Africa’s total export earnings in FY 2019 at a value of $10.7 billion. The grain industry (barley, maize, oats, sorghum and wheat) is one of the largest agricultural industries in South Africa, contributing more than 30% to the total gross value of agricultural production. The industry is comprised of a number of key stakeholders including input suppliers, farmers, silo owners, traders, millers, bakers, research organizations, financiers, etc but with increasingly severe weather, growing political volatility, cyber concerns and other threats, farmers need to continue to invest in their risk preparedness.

As the farming industry is disrupted by digital, insurers and intermediaries must anticipate emerging risks to remain relevant and be the partner that farmers need. Now’s the time for …

Qatar Airways made its inaugural flight into Harare this week on sixth opening Zimbabwe to a major airline hub and showcasing its confidence in the Second Republic’s efforts to transform the economy.

Zimbabwe is now connected to the massive hub airport at Doha with all its connections around the world. The new routes were the airline’s fifth and sixth destinations in Africa since the outbreak of the Covid-19 in December 2019.

This agreement will see Qatar Airways fly to Harare three times a week from Doha using a Boeing 787 Dreamliner.

In lauding this great infrastructural development project, through his representative, and the Principal Director in the Ministry Mr. Allowance Sango at Robert Gabriel Mugabe International Airport, Transport and Infrastructural Development Minister Felix Mhona said that Zimbabwe and Qatar have had good relations and given that the Middle East country has expressed interest in cooperating in critical sectors for the …

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 …

The Rural Electrification Authority of Zambia and the Renewable Energy & Energy Efficiency Partnership have signed a Memorandum of Understanding to monitor and support the country’s electrification efforts through data collection and analysis.

In particular, the MoU outlines a joint effort to leverage the Edison data platform. The platform was originally developed to monitor and support Zambia’s broader electrification efforts with advanced data collection and analysis on behalf of the Rural Electrification Authority (REA). This underscores both organizations’ commitment to promoting and engendering access to modern, clean energy for rural and underserved Zambians.

The REA has the mandate to provide electricity infrastructure to Zambia’s rural areas using appropriate technologies and they aim to increase the country’s electrification rate to 51% by 2030. Over the next few years the Authority is the focal point of a number of initiatives including capital subsidy support, solar, mini-grid and hydro projects meant to …

African Ministers and Heads of Delegation of Ministries in charge of Housing and Urban Development, African Finance Ministers, the Directors and Management of Shelter Afrique, and representatives of international, regional and national institutions, the private sector and civil society, have agreed to enhance mechanisms for the mass production of decent and affordable housing in the continent to achieve social and economic development.

During a three-day summit at the 40^th Annual General Assembly of shelter-Afrique that was held in Yaunde Cameroon, the participants resolved to address the challenges that have hindered the efforts to provide decent and affordable housing in Africa.

In a research concluded by the Shelter-Afrique, a pan African housing finance and development institution, shows that the overall shortage of housing in Africa is estimated at 56 million housing units with out of this, more than 90 per cent are in affordable housing bracket.

The Managing Director …

Having been officially opened for traffic on May 10, This year the bridge is expected to ease traffic and enhance trade between the two nations. The bridge was built by the two countries after agreeing to replace the existing ferry with a road transport in 2007.

But what are the economic impact of this bridge between the two nations and the continent?

The bridge is expected to significantly improve trade infrastructure of the Southern African Development Community (SADC) and the African continent as a whole as well as provide vital transport infrastructure on that corridor as it would facilitate easy access to intra-regional trade and international market through connectivity with major sea ports.

The Kazungula Bridge Project was officially commissioned by the Presidents of Botswana and Zambia, who applauded the African Development Bank for its work on this transformative project.

The 923-meter bridge with two border facilities on either side, …

Until 2019 Africa and china had an eccentric lending experience. This includes the lending spree featuring more than $10 billion a year from 2012 to 2017, higher than $1 billion in 2001, sadly China lending to Sub-saharan Africa has fallen short due to serious defaulting fears.

A detailed study executed by John Hopkins University’s China-Africa Research Initiative pointed out that, debt sustainability concerns have triggered lending to the African government to drop by 30 per cent in 2019.

China—the world top industrial economy has been a close lender to Africa—the world’s top raw material producer and fastest-growing economy over the past decade.

On the side of the fence, according to China’s 2021 White Paper on International Development Cooperation published in January, China has steadily increased the scale and further expanded the scope of its foreign aid, giving high priority to the least developed countries in Africa (Global Times).

Several media …