Category: Africa
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Ethiopia: Algerians Keen to Invest
Algerian investors are desirous of tapping the enabling investment climate which Ethiopia has created. This was so said during Ethio-Algerian Business Forum co-organized by the Ethiopian Embassy in Algeria and Oran City Chamber of Commerce and Sectoral Associations. Head of Mission of Ethiopian Embassy in Algeria Ambassador Solomon Abebe on the occasion briefed participants on…
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Zimbabwe: ‘Rice Price Could Rise By 15 Percent’
THE price of rice could rise by 15 percent if Government proceeds with the proposed re-introduction of Value Added Tax on the staple alternative, which could potentially exert pressure on the food chain, food processors said yesterday. In the 2017 National Budget Finance and Economic Development Minister Patrick Chinamasa proposed recalling VAT on rice that…
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Egypt: Orange, Vodafone Referred to the Prosecution Over 4G Service
Consumer Protection Agency referred Orange, Vodafone mobile telecommunications companies to the prosecution over the 4th Generation mobile service. The agency accused the two companies of promoting for the 4G service which has not been officially launched yet. Both companies have been competing on providing a better 4G service on street billboards, and through online advertising…
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How drones are changing the lives of flood victims in Tanzania E
The sight of a drone hovering above the streets of Tandale to map the crowded flood-prone neighbourhood in the north of Dar es Salaam spread excitement among inhabitants tired of dealing with regular inundations. “I am happy to see something is being done to prevent flooding,” said 35-year-old resident Happy Malimbo. With the help of…
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Rwanda’s $76 million road expansion project to commence
Roads expansion projects across Rwanda’s capital city are set to commence in January, according to officials. Rwanda’s The New Times reported that the expansion project is set to cover about 54 kilometres, with a focus on expanding roads to a dual carriage way with two lanes on each side. Payments towards the Rwf4 billion ($4.9…
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Uganda: Mutebile, Government Disagree Over Printing Bank Notes
A multi-billion currency printing deal to a German firm has put President Museveni, Finance minister Matia Kasaija and other senior government officials against Central Bank Governor, Emmanuel Tumusiime-Mutebile. Daily Monitor investigations suggest that the Governor is opposed to the deal and has listed the dangers of printing the money in Uganda. Although the President, Mr…
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Uganda: CAA Seeks to Back AG in Besigye Entebbe Airport Case
The Civil Aviation Authority (CAA) has petitioned the High Court in Kampala, seeking to join Attorney General as a party to a case filed by former presidential candidate Dr. Kizza Besigye over his right to free movement that he says was violated on October 3 at Entebbe Airport. According to John Kagoro, CAA’s Director Airports…
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Tanzania: Live Animal Export Ban Clarified
The government’s three-year ban on exportation of live animals was clamped following rampant cheating and abuse of conditions specified on permits, which resulted to massive loss to the state in terms of revenue and animal resources. However, the government is considering paying consolation payouts to affected traders after a rigorous verification of their claims. The…
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Volkswagen to open plants in Kenya, Rwanda
Volkswagen on Wednesday inaugurated a vehicle production facility in Kenya and revealed plans to start assembling cars in Rwanda by end 2017. The Government of Rwanda signed a memorandum of understanding (MoU) with Volkswagen Group for a new integrated mobility concept Wednesday evening. The signing took place at the Marriot Hotel. According to a statement…
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Nigeria: Good News for Nigeria As Oil Price Rises to $55.61
The price of Brent crude rose to $55.61 per barrel on Wednesday, up 26 cents from the previous day in what will be good news to oil dependent Nigeria. The Nigerian government has repeatedly lamented the impact of the fall in global oil prices on its economy which is suffering from a recession. The current…