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Tag: Business

Africa Business East Africa World 

Uganda, Tanzania sign $3.5bn deal with global oil firms

Elwin Mandowa, , , , , , , ,
– – The governments of Tanzania and Uganda on Sunday signed a long awaited oil deal with international oil firms—French Total E&P, and China’s Cnooc. The deal worth some $3.5 billion gives way for the commercialization of an East African Crude Oil Pipeline (EACOP). Officials of both countries and the oil firms have been engaged in years of protracted negotiations.… Read More
Africa Business World 

The African Union’s digital Covid-19 passport for travelers

Elwin Mandowa, , , , , , , ,
– – The African Union has developed a common continental Covid-19 digital passport for travelers and airlines. It is an initiative by African Union’s lead health agency, the Africa Centre for Disease Control and Prevention (Africa CDC). The technology is known as Trusted Travel, a platform that will enable passengers across Africa to securely and easily verify compliance with Covid-19… Read More
Africa Business East Africa World 

Kenyans petition IMF not to give the government loans

Elwin Mandowa, , , , , , ,
– – Kenyans are signing an online petition to ask the International Monetary Fund (IMF) not to give the government any more loans. Through the hashtag #StopLoaningKenya, Kenyans have circulated the online petition link which cites corruption and other reasons why no more lending should occur. The development follows the IMF’s approval of 257bn Kenyan shillings ($2.4bn) loan for Kenya to… Read More
Africa Business World 

AfCTFA: Why Africa needs robust fraud management system

Elwin Mandowa, , , , , ,
– – Emmanuel Obinne, West Africa Head of Growth and Partnerships at BPC Banking Technologies is advocating for a robust payment system for trade under the African Continental Free Trade Area. This according to him is crucial in averting any attempt by fraudsters to take advantage of loopholes in the various payment systems. He was speaking in an interview on… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigerian banks block MTN from banking channels

Elwin Mandowa, , , , , , , ,
– – Nigerian banks have blocked MTN from their banking channels following a feud over fees charged for the service. MTN had reduced the banks’ commission from an average of 3.5 per cent to 2.5 per cent using USSD for banking services. The feud has left millions of subscribers unable to recharge their phones using the USSD services on MTN… Read More
Africa Business East Africa Featured World 

Tanzania: Sacked ports boss arrested for embezzlement

Elwin Mandowa, , , , , , , , ,
– – The dismissed Director-General of Tanzania Ports Authority (TPA), Deusdedit Kakoko has been arrested by authorities. He is accused of embezzling 3.6bn Tanzanian shillings ($1.5m). Deusdedit Kakoko was this week suspended by the new President, Samia Suluhu Hassan after an audit report showed embezzlement of government funds at the state corporation. This was the new president’s first key decision… Read More
Africa Business Egypt World 

Suez Canal: Ships begin sailing through cleared waterway

Elwin Mandowa, , , , , , ,
Ships have started sailing through Egypt’s Suez Canal again, a day after a giant container vessel blocking the vital trade route was freed. Thirty-seven ships that were struck at the midway point cleared the waterway overnight, while 70 others are due to travel its entire length on Tuesday. The canal authorities hope to clear the traffic jam of some 300… Read More
Africa Business Technology World 

The promises and perils of Africa’s digital revolution

Elwin Mandowa, , , , ,
– – The relentless spread of digital technology is helping Africa catch up with the rest of the planet rapidly and is beginning to make a real difference to people’s lives, boosting employment opportunities, providing improved health care, and contributing to the fight against corruption. But it is a double-edged sword because, in the wrong hands, or employed for reasons… Read More
Africa Business World 

Applications open for Africa’s best corporate-startup collaboration accelerator

Elwin Mandowa, , , , ,
– – Technology sectors such as FinTech, InsureTech, AgriTech, eCommerce, HealthTech, and CleanTech are not only solving some of Africa’s most pressing problems, they are also contributing significantly to the continent’s economy. In fact, the so-called Internet economy is set to reach 5.2% of gross domestic product (GDP) by 2025, contributing about $180-billion to the African economy. To develop the… Read More
Africa Business Ghana West Africa World 

Trisolace: Creating agribusiness opportunities for young Ghanaians

Elwin Mandowa, , , , , , , , ,
– – For years, young people especially in Africa did not have the interest in creating business opportunities in Agriculture as they consider the sector unattractive and not worth the needed investment. That is however changing in countries like Ghana where a company called Trisolace Farms is helping to young people fall in love with snail and mushroom farming. Trisolace… Read More
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