Year 6 | Edition 25 | 12 July 2019
 

Ethiopian connects Chongqing with freight corridors of the world

Ethiopian Cargo and Logistics Services, the largest cargo operator in Africa, has connected Chongqing, the largest municipality in Southwest China with Africa and South America with a weekly cargo flight.

Located in Southwestern China adjacent to Hunan, Hubei, Guizhou, Shaanxi and Sichuan provinces, Chongqing serves as a node of China’s Belt and Road initiative linking the country to its western neighbors...

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[Côte d’Ivoire] Economic outlook, why its time to produce Cocoa inclusively and responsibly, World Bank

The World Bank ninth economic update for Côte d’Ivoire confirms the positive trends noted in the past year but qualifies this assessment because of several risk factors, in particular the uncertainty linked to the 2020 presidential elections.

The study also proposes approaches to modernize the cocoa sector, which is currently not inclusive or environmentally responsible. Below are the eight takeaways...

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[Column] Bob Koigi: What the Africa free trade pact portends for the continent and businesses

In its May report, the International Monetary Fund, IMF, hailed the African Continental Free Trade Area, AfCFTA, as an economic game changer akin to those that have previously bolstered growth in North America and Europe.

Days after becoming operational, the continental free trade pact is already exciting markets and investors with the promise of a combined population of more than 1.2 billion people, a cumulative GDP of $3 trillion and total consumer...

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Revenue authorities in Uganda and DR Congo bet on digital infrastructure to enhance trade

The DR Congo Directorate of Customs and Excise (DGDA) and the Ugandan Revenues Authority (URA) have signed the Regional Electronic Cargo Tracking System (RECTS) standards operating procedures, marking the launch of the RECTs control centre extension to DRC cargo.

 This project is facilitated by TradeMark East Africa (TMEA) through a $642,000 fund from the Department of International Development (DFID). RECTs is now operational...

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[Column] Mukhisa Kituyi: Revitalizing global trade to deliver full development potential

In the face of barriers and protectionism, the multilateral trade rulebook needs to be revised to ensure that it can deliver its full development potential

The multilateral trading system provides a unique international regime that regulates the conduct of sovereign nations in trade policy. Its norms, principles and institutions have served many of its member countries to overcome the so-called ‘prisoners’ dilemma’ in their strategic interaction with...

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[Interview] Peter Macharia Kamau, CEO, Jijenge Credit Limited, Kenya

Peter Macharia Kamau is a seasoned banker with over 20 years experience in the Banking Industry. Peter founded Jijenge Credit, a lending institution operating since 2014 within East Africa. 

What does your company do?

Jijenge Credit is a non-deposit taking Micro Finance Lending Institution with over 20,000 clients in Kenya, Sudan and Tanzania, and its head office is at Town House, Nairobi...

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News Headlines

02-06-2020 | 10:09:00
Germany looks to facilitate private sector investments in Africa
With the recent ‘AfricaConnect’ €400 million initiative under DEG’s management, the German Development Ministry is looking to increase private sector investments and cooperation with the African continent.


02-06-2020 | 07:48:00
Global Partnership for Education increases COVID-19 emergency fund
The Global Partnership for Education (GPE) will provide an additional $250 million to help developing countries respond to the immediate and long-term disruptions to education caused by the COVID-19 pandemic.


01-06-2020 | 07:51:00
African Development Bank mobilizes $22 million for low-income countries in the ECOWAS region
The African Development Bank approved an emergency project in favor of low-income countries members of ECOWAS for strengthening the health systems of The Gambia, Mali and Niger.


01-06-2020 | 07:21:00
Rand Merchant Bank confirms $15bn funding for LNG project in Mozambique
The Rand Merchant Bank (RMB) confirmed that a liquefied natural gas (LNG) project in Mozambique is expected to receive $15 billion (R267bn) of financing commitments at a signing scheduled for June 2020.


01-06-2020 | 07:05:00
Sudan, WFP sign agreement on Sudan family support programme
The Government of Sudan and the United Nations World Food Programme (WFP) have signed a Memorandum of Understanding (MoU) to support the government’s Family Support program that will provide Sudanese families direct cash transfers.


01-06-2020 | 06:44:00
World Bank approves $25m to help Djibouti grow economy, improve access to services
The World Bank approved two new projects totaling $25 million in credit from the International Development Association (IDA), to help Djibouti address vulnerability, foster inclusive economic growth and improve service delivery.


29-05-2020 | 14:12:00
UNWTO launches global guidelines to reopen tourism
The World Tourism Organization (UNWTO) has released a set of guidelines to help tourism sector emerge stronger and more sustainably from COVID-19.


29-05-2020 | 10:24:00
AFD provides €70m to improve water and sanitation in Morogoro, Tanzania
The Government of Tanzania and the French Development Agency (AFD) signed a financing agreement for a 70M€ concessional loan aiming at improving water supply and sanitation services for the residents of Morogoro Municipality.


29-05-2020 | 09:10:54
[South Africa] Sasol announces its not divesting its fuel retail business
Sasol, an international integrated chemicals and energy company announced that it is not divesting its downstream fuel retail business as part of its ongoing asset disposal process.


29-05-2020 | 07:11:00
[Nigeria] NCDMD launches initiatives to drive innovations in oil and gas industries
The Nigerian Content Development and Monitoring Board (NCDMB) has launched BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry.


29-05-2020 | 07:08:00
[Nigeria] Premium Pension appoints Alhassan Babayo as Board Chairman
The Board of Premium Pension appointed Mr. Ibrahim Alhassan Babayo as its new Chairman, following the retirement of the erstwhile Chairman Arc. Yunusa Yakubu who held the position since 2017.


28-05-2020 | 07:44:00
COVID-19 creates fundamental shifts in Africa's consumers, Nielsen
The COVID-19 pandemic has given rise to a new kind of African consumer who is already displaying fundamental shifts in consumption and purchase behaviour.


28-05-2020 | 07:36:18
African Natural Resources Centre unveils publication to advance critical land policy reforms
In response to challenges across Africa around land ownership and use, the African Natural Resources Centre (ANRC) of the African Development Bank is launching a series of articles to aid policy debate.


27-05-2020 | 11:28:00
[South Africa] Unemployment Insurance Fund pays out R15bn
The South African Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries.


27-05-2020 | 10:45:04
Fugro detours for Ifremer's Mayotte underwater volcano survey in Africa
A Fugro vessel heading from the Netherlands to South Africa has made a 10-day detour to support Ifremer, the French Research Institute for Exploitation of the Sea, in monitoring a giant active underwater volcano off the east coast of Africa.


 


 
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