Tanzania Loan Defaulters Get Ultimatum
THE government yesterday declared serious crackdown on loan defaulters to recover unpaid loans, which were issued by state-sponsored empowerment funds to support youth, women and people with disabilities. Although the government envisages consolidating the empowerment funds, which currently range between 16 and 19 to make them have a noticeable impact in the society, it has […]
New World Bank Report Names Rwanda Among Most Resilient Economies
Rwanda and six other African countries have exhibited economic resilience in recent past that saw them post annual growth rate above 5.4 per cent in 2015-2017, according to a new World Bank report released yesterday. The six others include Côte d’Ivoire, Ethiopia, Kenya, Mali, Senegal and Tanzania, said the latest Africa’s Pulse, a bi-annual analysis […]
Ignorance Kills Kidney Disorder Patients
March 9, 2017 was World Kidney Day, a day set aside for global awareness on the importance of kidney. The day was part of the campaign to urgently reduce the risk factors for chronic kidney disease, CKD, in the world. This year’s theme was “Kidney Disease & Obesity”. World Kidney Day promotes education on obesity […]
Hitachi Data Systems appoints new country manager to accelarate growth in Sub-Saharan Africa
Hitachi Data Systems (HDS), a wholly owned subsidiary of Hitachi, Ltd. (TSE:6501), has appointed Niral Patel as General Manager for sub-Saharan Africa, effective 1 March 2017. In his new role, Patel will be responsible for driving business growth across the sub-Saharan region, working closely with global teams to accelerate growth. He will shape market opportunities […]
Cross-border e-commerce considered a growth rocket for Sub Saharan Africa retailers
DHL Express, the world’s leading international express services provider, has published research highlighting the significant growth opportunity for retailers and manufacturers with an international online product offering. The report – The 21st Century Spice Trade: A Guide to the Cross-Border E-Commerce Opportunity – looks in detail at the markets and products that offer the highest […]
GE’s Gas Engine Technology Provides Cost-Effective, Grid-Stability Solution for Cameroon Poultry Hatchery
AGROCAM, a leading poultry hatchery in the central African region, located in Douala, and a member company of the JS NOUTCHOGOUIN Group, has purchased one of GE’s Jenbacher J316 gas engines from Clarke Energy, GE’s distributor of Jenbacher gas engines in Cameroon, to address the fundamental challenges related to long-term power outages, which have a […]
Bad News – International Monetary Fund Is Back
Lagarde is visiting when the government is desperate for new money but in no mood to listen. Usually that means no deal but possibly not when the IMF and Museveni need each other. Meetings between teams from IMF and planners of Uganda’s economy, especially President Yoweri Museveni, have historically involved divergent perspectives but common goals. […]
Kenya to host a high level International Summit on ‘Innovating Economies’ organised by The Economist
Kenya will for the second time in three years host a summit organised by The Economist Events on February 1st 2017 at the Radisson Blu Hotel, in Nairobi. The day long summit themed ‘Driving economic and health-care innovation for tomorrow’s Africa’ is expected to bring together local and international delegates drawn from the private sector, […]
Sharp Increase in the Activity of Moroccan and French Companies in Sub-Saharan Africa
Aware of the unprecedented impetus of African economies and of the potential offered by the various national and sub-regional markets, Moroccan and French companies are demonstrating new ambitions in Africa, which are expressed in their development strategies on the continent. According to the third edition of BearingPoint’s International Development Barometer of international firms, “Developing in […]
INDOI LTD Engages with Mauritius Telecom to Promote the Third Undersea Cable IOX Cable System Connecting Mauritius to Africa and the Rest of the World
IOX CABLE Ltd, a subsidiary of INDOI LTD, has signed a MOU with Mauritius Telecom to build a state of the art undersea cable system – IOX Cable System. This US$ 150 M cable project will allow Mauritius to have a third independent undersea cable connectivity to Africa and the rest of the world and […]
