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Rwanda The First Country In The World To Have A ‘Drone Airport’

Rwanda The First Country In The World To Have A ‘Drone Airport’

The government has moved to set up a regulatory framework for remotely piloted aircraft, popularly referred to as ‘drones,’ following investor interest to establish the world’s first drone airport (drone port) in the country beginning next year. Last month, Norman Foster, a renowned British architect, expressed interest by his firm, Foster + Partners, alongside business […]

Zimbabwe Gorvenment Increases Indigenisation Tax For Foreign Companies

Zimbabwe Gorvenment Increases Indigenisation Tax For Foreign Companies

EMPOWERMENT minister Patrick Zhuwao says he hopes to collect $93 million from his proposed indigenisation tax which he expects to be imposed by year end. The tax also appears designed to force foreign companies to comply with the country’s indigenisation laws under which they must transfer 51 percent of their businesses to black Zimbabweans. Addressing […]

Malawi Licenses New Mobile Service Provider: Lacell Public Tele Communication Company

Malawi Licenses New Mobile Service Provider: Lacell Public Tele Communication Company

As Malawi Communication Regulatory Authority (MACRA) continues to intensify efforts to improve Information Communication and Technology (ICT) sector in Malawi, the regulator on Monday authorized the entry of a new public telecommunication company on the market. La-Cell public telecommunication Company has been licenced to operate in the country. MACRA’s Director General Geofrey Itaye said the […]

Africa Is A Rich Continent With Poor People – Dlamini Zuma

Africa Is A Rich Continent With Poor People – Dlamini Zuma

AFRICA is a contradictory place being a rich continent with poor people, African Union Commission chairperson Nkosazana Dlamini-Zuma. She also said development will be very slow in Africa if women are left out. During a cockatil held for her at Melia Habana Hotel on Friday evening, Dlamini-Zuma said only skills and education could be an […]

Zimbabweans Forced To Sober Up: Economic Crisis Hitting Hard

Zimbabweans Forced To Sober Up: Economic Crisis Hitting Hard

BEER-DRINKERS should have been clinking glasses in celebration when, at the start of the year, Zimbabwe’s biggest brewer slashed the price of lager by 10%. Yet instead of chugging back their brews, Zimbabweans are being forced to sober up by an economic crisis that is hitting harder than most measures would suggest. Viewed through the […]

According To The World Bank Equatorial Guinea Is The Wealthiest Country In Africa

According To The World Bank Equatorial Guinea Is The Wealthiest Country In Africa

Monaco and Qatar get lots of play on the wealth beat, but some of the lands of Swarovski and Cristal keep a lower profile. Like coast-of-West-Africa low. According to the World Bank: Teensy Equatorial Guinea is the wealthiest country on the African continent. This Spanish-speaking nation of just under 800,000 people is not only the […]

Africa’s Governance Winners, Losers And Surprises

Africa’s Governance Winners, Losers And Surprises

Zimbabwe is one of the African countries where governance has improved most in the four years up to 2014. Senegal just might surge ahead of its African counterparts in the future, to become one of the continent’s powerhouses. Developments in Somalia, long the worst-governed country in Africa, can be described as “a good news story”. […]

Zimbabwe To Ban Electric Water Heaters To Save Power

Zimbabwe To Ban Electric Water Heaters To Save Power

Zimbabwe is to ban the use of electric water heaters and require all newly built properties to use solar power, as it tries to tackle big power shortages. Energy officials say existing electric heaters or geysers will be phased out over the next five years. They hope to save up to 400 megawatts of electricity […]

British Oil Firm Accused Of Corruption In Somalia Exploration Deal

British Oil Firm Accused Of Corruption In Somalia Exploration Deal

A British oil exploration firm has been accused of corrupt payments to government officials in Somalia in return for rights to explore offshore for hydrocarbons, a claim the company denies. No one knows exactly how much oil and gas lies off Somalia’s coast, but some industry experts estimate the figure at 110 billion barrels. In […]

The Top 10 Fastest Growing Economies In Africa, Number 1 Will Surprise You

The Top 10 Fastest Growing Economies In Africa, Number 1 Will Surprise You

Africa is preparing to take its place in a future global economy which will see the earth’s population reach 10 billion by 2050. As people are saying, Africa is where the ball is bouncing right now. The continent is currently experiencing an average economic growth of between 5 to 8% a year. It’s the youngest […]

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