Daily Archives: October 3, 2015

Namibia and South Africa Forge Business Partnerships

Offering a stable economy, modern infrastructure, key transport corridors and a range of investment incentives, Namibia is actively seeking investment and partnerships with South African business. read more

Posted in African News, Namibia News, South Africa News | Leave a comment

SwissLeaks Reviewed: Developing countries the biggest victims

SwissLeaks money connected to Kenya is six and half times higher share of GDP than the money connected to Spain read more

Posted in African News, Algeria News, Central African Republic News, Chad News, Djibouti News, Kenya News, Libya News, Mag, Malawi News, Senegal News, South Africa News, Tanzania News, Uganda News | Leave a comment

Globalization towards Tourism Development

The tourism sector as part of globalization phenomenon increased spatial linkages between places and people from different locations. This global closeness enabled African countries to increase their revenues, foreign currency earnings, tourism facilities and services meeting international standards. read more

Posted in African News, Ethiopia News, Travel | Leave a comment

Bolstering Hotel Construction Increasing number of Travelers

For Ethiopia, tourism sits at the core of the economy, acting as an engine for job creation and economic growth. In support of this, the growing hotel construction promoted visitation, maximizing encouraging interest in both business and leisure travel. read more

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One of the First Electrified Train of Africa to Join Addis Ababa

The first in Sub Saharan Africa, Ethiopia’s electrified modern urban train made history joining the few African capitals with urban train facilities. The $475 Million worth environment friendly light railway transport will start service on Sunday September 20, 2015 charging the lowest fare of 2 Birr per 4km. read more

Posted in Africa ECO, Ethiopia News | Leave a comment

Dedisa Peaking Power in Port Elizabeth starts commercial operation

– The plant adds 335 MW power to the national transmission system, in the Eastern Cape Province. read more

Posted in Africa ECO, South Africa News | Leave a comment

UNEP tackles deadly roads and dirty bus fleets at the Ecomobility World Festival

The EcoMobility World Festival, taking place from 1-31 October in Johannesburg, will present a real-world vision of integrated, socially inclusive, and environmentally friendly mobility. read more

Posted in Africa ECO, Ghana News, Kenya News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), South Africa News | Leave a comment

Southern Africa Officials Share Experience of Natural Resource Wealth Management

The IMF’s Africa Regional Technical Assistance Center South (AFRITAC South), in collaboration with the Africa Training Institute, held a seminar on “Strengthening Fiscal Frameworks and Public Financial Management Systems for Managing Natural Resource Wealth” on September 21–25, 2015 in Mauritius. read more

Posted in African News, Angola News, Botswana News, Comoros News, Lesotho News, Madagascar News, Mauritius News, Mozambique News, Namibia News, Seychelles News, South Africa News, Swaziland News, Zambia News, Zimbabwe News | Leave a comment

IMF Staff Completes 2015 Article IV Mission to Swaziland

An International Monetary Fund (IMF) team led by Jiro Honda visited the Kingdom of Swaziland during September 17‒30, 2015 to conduct the 2015 Article IV consultation with Swaziland. read more

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Zimbabwe—IMF Management Completes Second Review of Staff-Monitored Program

On September 30, 2015, the Management of the International Monetary Fund (IMF) completed the second review under the Staff-Monitored Program (SMP) [1]with Zimbabwe.The authorities continue to see the SMP as a crucial tool in building a strong track record toward normalizing their relationship with creditors, mobilizing development partners’ support, and for supporting macroeconomic policies and laying the foundation for addressing Zimbabwe’s deep seated structural issues. 

Zimbabwe’s economic and financial conditions remain. Growth has slowed, unemployment is rising and economic activity is increasingly shifting to the informal sector. The external position remains precarious. In light of their arrears to creditors, low commodity prices, and an appreciating U.S. dollar, external inflows remain highly constrained, the  levels of international reserves very low, and the country is in debt distress. Risks to the outlook stem mainly from fiscal challenges, weak global commodity prices, adverse weather conditions, and policy implementation in a difficult political environment. However, further advancing the ongoing reforms and reengaging with the international community could reopen Zimbabwe’s access to financial support and lift the economic outlook. The Zimbabwean authorities remain committed to implementing sound macroeconomic and structural policies. read more

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Boost collaboration and employee engagement with Business Together Sharespace

Orange Business Services has launched an innovative enterprise social network called Business Together Sharespace. Available worldwide to companies with more than 500 users, the solution promotes the development of cross-functional business collaboration by sharing knowledge, promoting skills and boosting employee engagement. Business Together Sharespace has been developed in partnership with Jive, a global market leader in enterprise social networking – and has been extensively tested within Orange and selected customers. read more

Posted in ICT | Leave a comment