4 JULY, 2024.
Remittances Slowed in 2023, Expected to Grow Faster in 2024
After a period of strong growth during 2021-2022, officially recorded remittance flows to low- and middle-income countries (LMICs) moderated in 2023…
BRICS to suspend admitting new members for a while — Lavrov
"By the overwhelming majority, the ten nations decided to ‘take a pause’ with new members to ‘take in’ the new members who have doubled the…
EAC States On A Joint Roadmap To Foster Digital Transformation As EACO Congress Kicks Off In Nairobi
EACO Assemblies namely: Assembly of Regulators, Assembly of Postal Operators, Assembly of Telecommunications…
20 JUNE, 2024.
Fiber-optic leap bridges African digital divide
Though tech giants have invested heavily in high-performance digital infrastructure — more cell towers, faster networks —
Africa sees rise in e-commerce, digital marketplace
Online shopping is booming across Africa, with the digital marketplace estimated to grow to $75 billion by 2025. Big players like Amazon want to capitalize, …
6 JUNE, 2024.
Why Is It Still so Difficult to Travel within Africa?
While some progress has been made to ease travel within Africa in the last few years, there's still so much more that needs to be done to connect the continent.
2.5m Africans’ livelihoods buoyed by second-hand clothing trade
A new report has shed light on the second-hand clothing (SHC) sector in Africa, revealing an estimated 1.28m people...
23 MAY, 2024.
dtic seeks to create a competitive medical technology industry with new master plan
Trade, Industry and Competition Minister Ebrahim Patel has launched the Medical Technology (MedTech) Master Plan, which is aimed at creating a proficient and competitive medical technology industry over the next three years that will supply domestic and international markets.
Government launches digital cross border permits and COMESA licenses
Government has launched digital cross border permits and the Common Market for Eastern & Southern Africa (COMESA) carrier licenses for passenger and transport operators to facilitate the smooth and unimpeded flow of cross-border traffic between countries.
3 MAY, 2024.
Aid for Trade Global Review to discuss trade mainstreaming, food security, connectivity.
Registration is now open for the 2024 Aid for Trade Global Review, to be held from 26 to 28 June at the WTO's headquarters in Geneva.
COMESA Supports Zambia Launch its Green Growth Strategy.
The Government of Zambia, in collaboration with COMESA and various development partners, has launched the National Green Growth Strategy, GGS
29 JANUARY, 2024.
EAC Partner States Approve Labour Migration Policy
The Directors of Labour and Employment from the EAC Partner States have considered and approved the EAC Policy and Legal frameworks governing labour migration and the outcome of the national and regional consultations during the regional meeting of Experts in Bujumbura, Burundi.
Tanzania and Kenya resume air travel as they swiftly settle their dispute
Barely a day after the Tanzania Civil Aviation Authority (TCAA) banned flights from Kenyan Airways (KQ), flights between both countries have resumed. This swift resolution came after both parties were able to sit down and squash the initial cause of the problem. Aviation dispute between both countries has been simmering for months.
19 JANUARY, 2024.
Hoteliers, travellers say eTA is visa by another name
The introduction of Electronic Travel Authorisation (eTA) by Kenya after announcing a visa waiver is rushed, stakeholders on tourism and hospitality sectors say.
President William Ruto last year announced that Kenya grant visa-free to visitors at the beginning of 2024. But, when the programme was rolled out, visitors found themselves required to apply for the eTA at a cost of at least $30.
Africa free trade bloc: 31 countries to take part in 2024, will use new payment system
More than half of African nations will use the rules of a continental free-trade pact this year as the region moves closer to fully integrating into a single market.
Of the 47 countries that have ratified the African Continental Free Trade Area, 31 will join the so-called guided trade initiative, up from seven in 2023, AfCFTA Secretary-General Wamkele Mene said at a World Economic Forum panel in Davos Tuesday.
2024: A year of cautious hope for African economies facing worldwide challenges
As African economies look to the new year, countries across the continent are poised to make moderate economic gains but must navigate the maze of domestic and international challenges.
12 JANUARY, 2024
Evaluating China’s New Tariff-Free Policy For 6 African Countries
Experts have said China’s latest tariff-free policy for additional African countries may be a catalyst for new opportunities amid criticisms about the trade imbalance and concerns over Nigeria’s position on such economic programmes.
https://dailytrust.com/evaluating-chinas-new-tariff-free-policy-for-6-africa-countries/
Benin lifts suspension of imported goods transiting to Niger
Benin has lifted its suspension of imported goods transiting to Niger through the port of Cotonou in a move that follows five months of sanctions on the coup-hit country.
22 DECEMBER, 2023.
Road connecting Kenya-Tanzania to be done by 2024
The road connecting Kenya and Tanzania that was commissioned under the East African Community last year is now over 35 percent done.
The Bagamoyo–Tanga-Horohoro/Lunga Lunga-Malindi Road project that is under construction is being financed by the African Development Bank (AfDB), African Development Fund (ADF), European Union (EU) and Government of Kenya.
1 DECEMBER, 2023.
EAC to revise economic targets to attain monetary union dream
The monetary union dream, the third pillar of the EAC economic integration, was planned to be realised by November 2023, setting the precedent for the issuance of a common currency in the region, but this has been missed.
Somalia officially admitted into EAC
The outgoing chairperson, Burundi’s President Evariste Ndayishimiye said the heads of state agreed to formally admit Somalia into the bloc, after the lengthy closed-door meeting which lasted more than...
24 NOVEMBER, 2023.
The power of partnerships in driving MSMEs growth
New standards for sweet potato and pecans to facilitate international trade.
Sweet potatoes are becoming an important part of our cuisine: mashed sweet potatoes (American cuisine), sweet potato fries (international fusion), sweet potato gnocchi (Italian cuisine), roasted sweet potato and chickpea salad (Mediterranean cuisine).
17 NOVEMBER, 2023.
Exports from African Businesses Up 50% with Huge Support from Women
ANKA, the ‘all in one’ Software-as-a-Service (SaaS) platform for African businesses, in collaboration with the African Development Bank (AfDB), has published a white paper, illustrating the global growth of African businesses in the e-commerce space, spearheaded by women.
10 NOVEMBER, 2023.
TPSF calls for inclusion of more products into AGOA
TANZANIA Private Sector Foundation (TPSF) has called for expansion of export products into the United States covered under African Growth and Opportunity Act (AGOA) for Tanzania and African countries to reap more from the arrangement.
https://dailynews.co.tz/tpsf-calls-for-inclusion-of-more-products-into-agoa/
3 NOVEMBER, 2023.
No Longer Needed: Kenya Cancels Visa Requirement for Nigerians, Other Africans.
Kenyan President has said that from 2024, Africans visiting Kenya will no longer need a visa According to him, the development aims to increase trade with African countries President Ruto also encouraged the reduction of customs tariffs inside the continent.
13 0CTOBER, 2023.
IMF Gives Nigeria, Ghana, Other African Countries Conditions For Debt Cancellation
The International Monetary Fund (IMF) has dismissed the idea of total debt cancellation for Nigeria, Ghana, and other African countries. The IMF African Department Director, Abebe Selassie, said about 50% of total debts in African countries are domestic, making debt cancellations difficult.
World Bank warns Nigerian, Ethiopian, and Ugandan Central banks not to overplay their hand
The Central Banks of Nigeria, Ethiopia, and Uganda were cautioned by the World Bank to avoid taking any unusual initiatives that may jeopardize their monetary policies.
29 SEPTEMBER, 2023.
Radio Show Spotlights Impact of Digital Literacy in Ethiopia
EdTech Monday’s, which serves as a platform to foster critical conversations on using technology for teaching and learning, shifted its latest focus to digital literacy, recognizing that Ethiopia’s education system, like many others globally, is in a state of transition.
https://allafrica.com/view/group/main/main/id/00087112.html
BRICS Expansion Aims to Reduce ‘Dollar’s Decades-Long Dominance’
Leaders of the BRICS countries reiterated their calls to evade the dollar and create a single currency that the group could use in joint transactions during their summit last August.
BRICS is going ahead with efforts to achieve its goal of “ousting the US dollar as the dominant global currency,” a US newspaper has reported.
22 SEPTEMBER, 2023.
Despite $3 billion bailout, Ghana has essentially gone bankrupt
The Ghanaian government has filed for bankruptcy after failing to pay billions of dollars it owed to international creditors in December.
Niger, Mali and Burkina Faso feel impact of France’s visa call
France has suspended student mobility with Niger, Mali and Burkina Faso and told new students from those countries who were about to start studies in France that they may not come after all. Current scholarship students without valid visas will also not be able to travel to France.
https://www.universityworldnews.com/post.php?story=20230921004148603
8 SEPTEMBER, 2023.
Kenya nationals to visit DR Congo visa free
Less than 10 percent of the population have bank accounts and just 13 percent can access mobile financial services, according to official data. Kenya has already increased its investment in this sector with Equity bank and KCB Bank already in the DRC.
https://www.theeastafrican.co.ke/tea/news/east-africa/kenya-nationals-to-visit-drc-visa-free-4360966
Paving the way for affordable cross-border payments in Africa
According to the African Development Bank (AfDB), cross-border banking has emerged as a critical feature within Africa’s financial landscape. It not only facilitates transactions across regions for individuals but also plays a pivotal role in expanding markets and nurturing innovation for businesses.
https://techcabal.com/2023/09/04/paving-the-way-for-affordable-cross-border-payments-in-africa/?
1 SEPTEMBER, 2023.
XV BRICS Summit: President Samia spells out Tanzania’s position and interests
The well-organized BRICS Summit, much credit to the Government of South Africa, was the third and historical one to be hosted by South Africa.
Tanzania did not apply for BRICS membership this time around, but President Samia who was honoured to be invited to speak during the plenary session and at the luncheon at the Summit, made it clear that Tanzania will remain a true friend and partner of BRICS and supporter of all its constructive interventions.
https://dailynews.co.tz/xv-brics-summit-president-samia-spells-out-tanzanias-position-and-interests/