Not so long ago, different countries in Africa were well known for their vast food diversity but that has changed over the years. Back then, I remember in my 6th grade we used to study about, Zambia being among the largest producer of maize in the continent. However as of today, a lot has changed,…
The digital transformation of customs and borders in Africa could improve efficiencies in processes. Better administration at customs and borders could yield trade gains on the continent of $20 billion a year. This is according to a new report by the World Economic Forum dubbed Growing Intra-Africa Trade through Digital Transformation of customs and borders,…
Africa can have a piece of global trade through AFCFTA integration. Through the integration AFCFTA the continent can diversify in its trade and cut down the dependency of the East and West that is currently affecting the continent negatively. This is according to UNCTAD Secretary General Rebeca Grynspan. “The African continental Free Trade Agreement is…
Ethiopia seems to be on the final lap in the creation its securities exchange after its initial finalization announcements in 2020. The Ministry of Finance of Ethiopia, the new state enterprise Ethiopian Investment Holdings (EIH), and FSD Africa signed a cooperation agreement to establish the Ethiopia stock exchange(ESX). Fifty companies including insurance companies and banks, are…
Life might not be the same for families whose relatives are among the 8 miners trapped for over a month now, in Burkina Faso’s sole zinc mine. The miners who are stranded more than 700m underground following flash floods at the mine, are betting on the government’s response to rescue them. And although officials say…
Ghana is developing a policy to guide the scale up in production of Electric Vehicles. The policy dubbed E-Mobility when finalized is expected to guide in Ghana’s quest to have an environmentally friendly and sustainable transport system . This was made known by Ghana’s minister of Transport, Kwaku Ofori Asiamah in an address read on…
Reports on jet fuel scarcity have rocked the African continent over the last couple of weeks owing to Russia’s invasion in Ukraine. The pandemic had caused a major crisis for aviation and people in general and now with fuel prices having risen to record highs, things are not looking up. Some airlines like Nigeria have…
Not a day goes by without coming across stories on the impact climate change has on Africa and the globe, or catchphrases like climate action, green jobs, green economy, which have been trending social media platforms. While countries in Africa continue to recover from the ripple effects of the COVID-19 pandemic, talks on transition to…
Nigeria’s first deep sea port is set to open in the commercial capital of Lagos in September. The Lekki deep sea port has reached 89% completion and is set to transform Nigeria into an African hub for transshipment upon completion. “With this port, Nigeria will become a transshipment hub,” said the Information and culture Minister…
Cocoa farmers in Nigeria under the umbrella of Cocoa Farmers Association of Nigeria (CFAN), have vowed to increase the country’s cocoa production from the present 340,000MT to 500,000MT by 2024. In conjunction with other value chain stakeholders CFAN says it is committed to increase and build a sustainable high quality cocoa bean production among farmers…
Africa boasts of bustling cities that contribute to the global economy, where billions of dollars are made each year, from Nairobi Safari tours in Kenya to the huge tech hubs in Lagos, Nigeria. I have lived in Nairobi, otherwise known as the green city in the sun and for the past decade and oh my,…
The Pan-African Payment and Settlement System (PAPSS) operated by African Export-Import Bank (Afreximbank) in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat has announced the signing of a Memorandum of Understanding (MoU) with BUNA, the cross-border and multi-currency payment system owned by the Arab Monetary Fund (AMF). “The MoU with BUNA is another…
Trade relationship between Vietnam and Africa is yet to achieve its full potential in spite of its significant growth in recent years especially in the fashion industry. This is according to Le Hoang Tai, deputy director of the Vietnam Trade Promotion Agency (Vietrade). “Many African businesses and consumers are not even aware of Vietnamese fashion…
Its been a little over three weeks since Tesla CEO, Elon Musk first took to Twitter to talk about social media platforms including Twitter itself and what they were not doing so well . If you are a fan of Twitter, you might know this man Musk, he is infamous for his constant teasing all over…
70% of Africa’s economies are at severe risk of food, energy and finance crisis due to Russia war in Ukraine. However several specialized agencies and development lenders are considering a plan to boost food production in Africa and avert a heavy toll looming on the African continent. A few questions still remain: Why is Africa…
Business heads from East Africa have called for a thorough review of aviation charges and levies. They have raised their discontent in regards to the skyrocketing air transport costs in the East African Community region. Through their apex body of the private sector associations, East African Business Council (EABC), they are spearheading appeals for urgent…
Technology group Wärtsilä has signed a 10-year service agreement with Malicounda Power SAS of Senegal to strengthen the power plant through artificial intelligence tools. The long term service agreement targets further strengthening of Malicounda Power’s position as a power producer for the West African country’s grid. The $167 million Malicounda Power project will be developed…
African countries need to embrace green technologies as well as improve connectivity by air by opening up their skies to establish a domestic market for tourism activities to take place. These were among the key highlights of a tourism roundtable by African tourism ministers held in Cape Town, with the theme of tackling challenges for…
Chaos and long queues have become the order of the day at different filling station across large cities of Africa. Blaring of car horns as many motorists wait in line for long hours are the scenes being witnessed on a daily at different fuel pumps in the continent. With queues now spilling over onto the…
Up until December of 2019 when the first case of COVID-19 was reported in Wuhan China, business was as usual, travel and investment was happening as scheduled. This however changed abruptly when more cases continued to be recorded and the virus seemed to spread like wild fire across the globe. By end of March 2020,…