Latest Africa News
RSS-
Gambia LRR Drug Fighters Train Business Youths
The Youth Front Against Drug and Alcohol Abuse recently provided supplementary training on business management for thirty young people from different links of the organization across the country. The first training, held at Jarra Soma, brought together young entrepreneurs from Jarra Soma and Jenoi in the Lower River Region, Brikamaba in the Central River Region, and Njaba Kunda in the North ...
-
Ghana In the Matter of the Supreme Court Verdict On Waterville
The Supreme Court's directive on Friday, referring lawyers who facilitated the payment of 25 million Euros in dubious judgment debt to the General Legal Council, is being interpreted in legal circles as a dent in the government's legal representation. The Supreme Court held on Friday that if the lawyers, including former Attorney-General Mrs. Betty Mould-Iddrisu, her deputy at the ...
-
East Africa EA to Gain From Japan Aid
Arusha - The five partner states of the East African Community (EAC) may benefit from the $32bn Japan has given. The announcement was given by Japanese Premier Shinzo Abe during the fifth Tokyo International Conference on African Development (TICAD) at the Pacifico Yokohama Conference Centre in Yokohama, Japan. Japan will out of the $32bn provide 650 billion yen (approximately $6.5bn) to ...
More Africa News
RSS-
Tanzania CRDB Share Rallies to Four Year High
Dar es Salaam - The share price of CRDB Bank has rallied by 46.42 % since the beginning of this year to reach almost a four-year high price level of Tsh205 (about $0.12) a unit. The share opened the year at Tsh140 (about$0.08) but due to high demand pushed by good results in the first quarter. It rebounded to the 2009 share price level and prospects are positively. The Orbit Securities Heads ...
-
Ethiopia Cobblestone Assessment Underway
The Addis Abeba City Administration is undertaking an environmental and social impact assessment on cobblestone quarries. The Addis Abeba City Administration is undertaking an environmental and social impact assessment on cobblestone quarries. The study should have taken place before the cobblestone project was launched in 2009, or as an additional study once completed. The assessment will be ...
-
Ethiopia Addis to Host 2013 AGOA Forum
The 2013 African Growth & Opportunity Act (AGOA) Forum would take place in Addis Abeba from 27 June 2013, to 1 July 2013, for the first time in Ethiopia and the sixth time in Sub Saharan Africa, under the theme "Trade and Technology for sustained change." AGOA is a legislation that has been approved by the US Congress in May 2000. The purpose of this legislation is to assist the ...
-
Tanzania TRA Closes Fish Factory
Musoma - Tanzania Revenue Authority (TRA) has closed down the fish processing industry, Prime Catch (Export) Ltd for failure to pay tax totaling over Tsh1.1bn ($673,242). TRA's Official, Mr Toans Silvanus told East African Business Week in Musoma last week that the factory failed to pay the one year debt. 'The factory has been constantly reminded to pay income, letters have been ...
-
Ghana President Mahama Forcefully Hits Home the Point
Finally, President John Dramani Mahama got his turn and he did not disappoint millions of his supporters when he forcefully told Ghanaians that he won the 2012 Presidential election decisively, squarely, cleanly and fairly. There has been so much nonsense going round from the NPP camp that President Mahama did not win the election fairly and that he got the nod through the "invisible ...
-
Uganda Centum Profit Before Tax At U.S. $38 Million
Kampala - Centum Investment Company more than doubled its profits before tax from the previous financial year, posting Ksh 3.2 billion ($38m) translating to earnings per share of Ksh3.77 for reporting period ending March 31st 2013. In 2012, the firm reported profit before tax of $16m which was a Ksh1.79 in earnings per share. Income tripled to Ksh3.9 billion from the previous year's 1.3 ...
-
Uganda Stanlib Readies for Sector Liberalization
Kampala - Fund managers STANLIB Uganda has trained over 80 trustees as the company carefully positions its self for the upcoming liberalization of the pension sector. The South Africa-based firm that has already established a presence in Namibia, Botswana, Lesotho and Swaziland, Kenya and Uganda, made its intentions known after successfully acquiring a provisional license to operate fund ...
-
Kenya KNUT Rejects Strike Call By Kuppet
TEACHERS are divided on whether to go on strike today over unpaid allowances as announced by one of their unions. Kenya National Union of Teachers yesterday told its 278,000 members not to heed the strike call by Kuppet until Knut gives the right notice. Knut secretary general Xavier Nyamu said the union has the certificate of disagreement of March 21 from the Ministry of Labour after talks ...
-
East Africa EALA Passes Trade Rights Agreement
Kampala - EALA has passed a Resolution in support of the extension of the Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement for Least Developed Countries (LDCs). The Resolution comes a few days to the TRIPS General Assembly scheduled for Geneva, Switzerland -June 10-11, 2013 to review the transition date affecting the LDCs. Four of the five EAC Partner States are still ...
-
Africa Rawlings Shonekan Mark Tambuwal List Recipe for Democratic Growth in Africa
Former President of Ghana, Jerry Rawlings; former Head of the Interim National Government, Chief Ernest Shonekan; Senate President David Mark and the Speaker of the House of Representatives, Hon. Aminu Tambuwal, yesterday noted that democracy in Africa was being threatened by a myriad of socio-political and economic problems, and enumerated possible ways out of such problems. They spoke in ...
-
Top NKorea Envoy in China for Talks
North Korea's top nuclear negotiator is in Beijing for talks with Chinese officials, the latest in a series of diplomatic moves involving Pyongyang following months of ...
-
3 Killed in Afghan Capital Blast
The attack Tuesday comes on the day the international military coalition is holding a ceremony marking the beginning of the final phase of security transition to Afghan forces across the nation. Authorities say a lawmaker, Mohammed Mohaqiq, was the target of the blast near the Independent Human Rights Commission. The lawmaker was unhurt. The Taliban has been executing an intense campaign of ...
-
An end reverse for Chad
FORT LAUDERDALE, Fla. - A contrite Chad Johnson apologized yesterday for disrespecting a judge when the former NFL star slapped his attorney on the backside in court last week, and his immediate release from jail was ordered.Broward County Circuit Judge Kathleen McHugh accepted Johnson’s apology and cut his 30-day jail term for a probation violation to the seven days he had already served ...
-
Dlamini-Zuma Leave Zim to figure its elections out itself
African Union commission chair Nkosazana Dlamini-Zuma, speaking at a press conference in Geneva on Monday, questioned whether it was right to second-guess Zimbabwe's courts. Zimbabwe's Constitutional Court ordered Mugabe two weeks ago to hold the poll by the end of July, but Prime Minister Morgan Tsvangirai has rejected his rival's declaration, saying it was too early and ...
-
Blast rocks Afghan capital during security transition
KABUL, Afghanistan A large bomb exploded in the Afghan capital on Tuesday as the international military coalition hands over responsibility for fighting the Taliban insurgency to the nascent national army and police the coalition has been training. Kabul deputy police chief Mohammad Daoud Amin said the blast was near the Afghan Independent Human Rights Commission in the Pul-e-Surkh area of the ...
-
Somalia Al-Shabaab Releases Photos of Captured Kenyan Police Weapons
Photographs al-Shabaab posted Sunday (June 16th) on Twitter of two Kenyan police officers abducted last month are authentic, Dadaab District Commissioner Albert Kimathi told Sabahi. He identified the officers as Fredrick Chirchir and Joseph Wambugu, who were abducted during raids on two police stations in Damajaleh last month. "It is unfortunate the group claims that the two officers are ...
-
Kenya Telkom Kenya to Maintain Existing Tower Ownership in 15 Year Eaton Towers Deal
Telkom Kenya, which operates Orange's mobile and fixed-line telecommunications services in Kenya, announced today that it has signed an agreement with Eaton Towers for the management of its passive network infrastructure. The 15 year tower management and leasing deal is focused on both the maintenance of existing sites by Eaton Towers and the building of new sites. This will help reduce ...
-
Uganda Cimbria to Boost Agricultural Value Chain
Farmers are set to reap much from their toils with the improved technology in post harvest handling that is expected to reduce wastes, thanks to Cimbria East Africa Peter Wanjohi, technical Sales Assistant at Cimbria East Africa Ltd says that the value chain has been frustrated by lack of improved post harvest machines which has lead to poor quality of most produce thus lowering the price. ...
-
Tanzania Heavy Investment in Infrastructure Creates Demand for Insurance Cover
TANZANIA's economic growth that has resulted into unprecedented high investment in infrastructure development, construction projects in particular, has created new demand for insurance cover of the multibillion projects against risks. The country's budget for infrastructure has been improving significantly in the last few years, with recent agreements with China and business interest ...
-
Kenya Vision 2030 Shared Services Under Devolution and Planning Portfolio in New Govt Structure
The Devolution and Planning Ministry has been granted greater responsibility under a new Organisation of Government structure announced in late May. Executive Order No. 2 of May 2013 released by H.E. President Uhuru Kenyatta lists over 30 functions for the new Ministry, with additional responsibility over 15 Semi-Autonomous Government Agencies and 10 Constitutional Commissions and Independent ...
-
Uganda Insurance Premiums Shoot Up
Kampala - The Insurance sector in Uganda has reported an 18.48% growth. This was after its annual premiums collections leaped from Ush296.8bn ($111.6m) in 2011 to Ush351.2bn ($$132m) in 2012 according to Insurance Regulatory Authority (IRA). Non Life Insurance premium written continued to be the leading contributor to the coffers of insurance companies after it brought in a total of Ush312.9bn ...
-
Tanzania New Hopes Emerge On Dar es Salaam Port
DECREASING congestion, curbed theft and diminishing corruption are but few of the indicators of the reforming Dar es Salaam Port whose image had been damaged by poor services. Heavy investments in improvement of the port infrastructure as well as management reshuffle have boosted performance at the port, leading into booming business. Tanzania Ports Authority (TPA), which owns and manages Dar ...
Kenya Leader
-
Kenya leading the world on credit access
Kenya has been hailed by the World Bank as a world leader in financial innovation, revamping its financial services sector in such a way that access for the poor to micro-loans is made easier, providing the means to independence and future prosperity.
Proponents of micro-loans argue that they are a significant means of lifting the poor out of poverty and providing them with the means by which to develop financial independence. When one considers that Kenya has a population in which around 56% of people live below the poverty line, the government’s efforts to increase access to credit and financial services for the poor becomes poignant. Read more
News from around our Network
