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Category Archives: African News
The BRVM becomes the 1st Stock Market for Islamic Finance in Africa with Five Sukuk Listings amounting to 766 Billion FCFA (1.3 Billion USD)
The Regional Stock Exchange (BRVM) admitted in its listing the first five Sukuks issued by Côte d’Ivoire, Senegal and Togo, on the sidelines of the 2nd Forum on Islamic Finance in Africa held in Abidjan
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The Food and Agriculture Organization of the United Nations (FAO) is urging African governments to sign on to the Port State Measures Agreement (PSMA) and to consider taking immediate action to implement the treaty.
Agriculture is the backbone of the African economy and in recent times, more youth in Africa are using innovations to boost the agricultural supply chain in Africa, although there are existing challenges facing many young farmers across the continenet. Recently, one the common and famous plantations you find across West Africa is Palm. The palm tree serves several purposes and its farming and trading, has grown rapidly in other parts of the world including Malaysia. In Ghana, the palm tree farming and trading is being practiced by many farmers on a small scale and few on large scale.
- Rising inflation, drops in currency due to political instability
- Low commodity prices adding to fiscal pressures
- Help from international community “paramount”
Low commodity prices, climate change, and insecurity are forcing many countries to make significant fiscal adjustments, African finance ministers said during the IMF-World Bank Spring Meetings in Washington D.C.
LUX* Resorts & Hotels sells Tamassa Resort for US$40 million in sale-and-leaseback deal
The Integrated High Speed Train Network is a flagship project of Africa’s continental Agenda 2063
ADDIS ABABA, Ethiopia, October 7, 2016
Africa’s dream to connect all its capital and major cities with an Integrated High-speed Railway Network has taken another critical step following the signing of a Five-Year Action Plan between the African Union Commission (AUC), and the Government of the Peoples Republic of China.
While some politicians in the global north express doubt about the benefits of trade, countries in Africa are moving ahead with deeper economic integration.
Small & Medium Businesses in East Africa are resourceful and creative, yet many entrepreneurs lack the time and support they need to innovate in their businesses. Technology, government support and mentoring programmes all offer potential ways to address this challenge.
Investment in large-scale farms to boost agricultural productivity across Angola
Africa trade sector has received good news – especially for manufacturers and traders in South Africa, Namibia, Mozambique, Botswana, Swaziland and Lesotho. On 14th September, 2016, the European Parliament The approved an agreement which grants access for the EU countries to receive products from the above listed countries on a duty-free basis. What this means is that, Namibia, Mozambique, Botswana, Swaziland and Lesotho have been offered duty-free access to EU markets while South Africa is also listed to have an improved market access.
- Government of Equatorial Guinea leaps towards establishing Single Window System
- Time and costs for company registration have been slashed dramatically
- Trade environment reform will improve Ease of Doing Business ranking with the World Bank
In 2015 Equatorial Guinea made public the efforts to reposition herself in the global trade arena through the improvement of the investment climate in the country. A major component of the Government’s program is the adoption of a single window system for the registration of companies and corporations. This move will unquestionably improve Equatorial Guinea’s Ease of Doing Business ranking with the World Bank and ultimately increase trade inflows into the country.
Zambia’s President Edgar Lungu has been sworn as the country’s sixth President after winning the August 11 election.
The Zambia International Trade Fair (ZITF) has submitted a re-development site plan to government estimated at over US $ 20 million that may require some level of foreign financing.
In Somaliland, the small and medium enterprise (SME) sector is the biggest income and employment generator. It hosts thousands of people and is the largest business sector. SMEs that trade in clothes, food, agricultural products, consumables, gold, beverages and fruits are visible on the streets of every city and town of Somaliland. And these traders support families who may find it difficult to get alternative sources of income.
Dr. Fikrejesus Amahazion
In Tancred, Benjamin Disraeli tells us how “[t]he East is a career.” Eritreans may be forgiven for thinking that likewise, for many mainstream analysts and experts, “Eritrea is a career.” Earlier this year a story on polygamy being mandatory in Eritrea was widely circulated across international media, and this week, an outdated, fictitious report about a North Korean ambassador commenting about Eritrea received considerable attention on social media. Although the stories were hoaxes and satirical, littered with innumerable fabrications and falsehoods – quite easily revealed by simple, perfunctory background research – their broad dissemination and attention poignantly encapsulate how coverage of, journalistic practice toward, and understanding about Eritrea are so problematic. The latest example of this trend is the article, “How the World Forgot ‘Africa’s North Korea’ Eritrea, and What This Means for Migration,” featured in the New Statesman, a British magazine (published 9 September). Not only is the article overly simplistic and lacking in context, it is strewn with inaccuracies and errors, and heavily tinged with paternalistic overtones.
High School students who need to enroll at a summer medical program have a few choices at their hands. Working as a medical volunteer is an uplifting experience not only for your career, but also for your soul. Teenage is indeed a strange time when the heart feels deeper than ever. This urge from the heart needs a right direction; otherwise, it is simply too confusing. Any decision you take in this time is either going to be a cherishing moment or something that you would quickly forget. You can either feel a deep need to stand by the side of the needy, or you might convince yourself that there are others who would go. The best choice of course is not to manipulate yourself, and do the best you can for the world.