Monthly Archives: February 2017
The United Republic of Tanzania (Tanzania) has recorded an annual average growth rate of more than 6% over the past decade and is on course to maintain a robust growth rate of over 6.5% going forward. Despite global economic and financial uncertainties, the economy has been able to achieve these consistent growth rates coupled with a low inflation rate, driven by activity in sectors such as mining, energy, construction and manufacturing.
Located in East Africa and sharing its borders with countries including Ethiopia, South Sudan, Tanzania and Uganda, Kenya has often been referred to as the commercial “gateway” to and regional hub of East Africa. This comes as a result of the strategic importance the coastal city of Mombasa plays, which is one of the busiest ports along the East African coastline.
Mobile Ecosystem Accounted for 4.4 Per Cent of Global GDP in 2016
2016: Dangote ends Nigeria’s Cement importation…exports 0.4m metric tons cement to neighboring countries
Following continuous increase in its production capacity, foremost cement manufacturer, Dangote Cement Plc (www.Dangote.com) has finally ended the era of Nigeria’s dependence on importation as the company exported 0.4 million tons of the product to other countries in 2016.
The Republic of Congo’s Ministry of Hydrocarbons recently adopted a new Hydrocarbons code intending to increase investment in the country’s oil and gas industry through renewed activities of exploration and production. This new hydrocarbon bill, passed in August last year, aims to create sincere transparency throughout the industry, from the government sectors to participating contractors and developers seeking to invest.
Thirteen blocks are on offer in the Congo Licensing Round 2016, eight in the offshore Coastal Basin and five in the onshore Cuvette Basin. Interested companies are able to register for the round via www.congolr2016.com.
On the 25th of March, a cross-sectorial initiative analyzing the impact of a growing livestock sector on public health, the environment, and livelihood launched in Addis Ababa. The Africa Sustainable Livestock 2050 (ASL2050) encourages governments to think beyond livestock today, for the people of tomorrow. Government ministers and representatives from Burkina Faso, Egypt, Ethiopia, Kenya, Nigeria and Uganda, the United States Agency for International Development (USAID), and the Food and Agriculture Organization of the United Nations (FAO) met today in Ethiopia to discuss the future of the livestock sector in Africa.
Numbeo index at the end of 2016 shows the city of Accra as the most expensive place to live in Africa with a Cost of Living index of 66.24 and Cost of Living plus Rent index of 58.03. In Africa, Accra is followed by Dar Es Salaam, Harare, Tripoli, Addis Ababa, and Johannesburg who had a cost of living index of 56.20, 52.45, 49.14, 47, and 45 respectively; while leading global cities like Madrid and Lisbon in the cost of living. More so, the city is the most polluted in Africa. Accra, the capital of Ghana, in recent years has received increasing number of expatriates and tourists. Hospitality and Real Estate development is on the boom as the city promises to be one of the most fast developing cities in Africa.