Category: INTERNATIONAL
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Kenya:M-pesa has completely transformed economy
A recently published study on the long-run effects of mobile money on economic outcomes in Kenya provides some valuable insights that will benefit economic development and financial inclusion policies across Africa. The study found that increased access to mobile money has reduced poverty in Kenya, particularly among female-headed households. Rapid expansion of mobile money has lifted…
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Nigerian National Petroleum Corporation awards 2017 crude oil contracts
State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday. The contracts covering about 1.31 million barrels per day (bpd) of crude oil were awarded to 18 Nigerian companies, 11 international trading houses, five foreign refineries, three national oil companies and two “NNPC…
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Nigeria changes date for closure of capital’s airport
Nigeria plans to close the airport in the capital Abuja for six weeks from 8 March to repair its runway, the aviation ministry said on Tuesday, pushing the move back later than previously scheduled. The decision to shut the airport and divert Abuja-bound flights to Kaduna, an airport used primarily for domestic flights about 160…
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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…