Home » Posts tagged with » Economic Growth

Agri-Foodtech Female Leaders Struggle To Attract Investment

Agri-Foodtech Female Leaders Struggle To Attract Investment

Female entrepreneurs in the food and agricultural technology industry received a tiny fraction of the $16.9 billion investment deals secured worldwide in 2018, a new report said on Thursday. Called ‘Money Where Our Mouths Are,’ it is the first-ever study to document funding inequality for women trying to pave the way in this growing, innovative sector. While […]

Zimbabwe Electricity Price Shoots Up By 320%

Zimbabwe Electricity Price Shoots Up By 320%

Zimbabwe’s power regulator has increased the average electricity price by 320%. The decision was taken to allow it to ramp up production and improve supplies amid daily power cuts. Essentially, the electricity company needs more money to pay for things like diesel to power the generators. Zimbabwe is grappling with the worst economic crisis since […]

PayPal First To Drop Out Of Facebook Cryptocurrency

PayPal First To Drop Out Of Facebook Cryptocurrency

Payments firm PayPal has become the first company to pull out of an alliance that is trying to launch Facebook’s digital currency Libra. PayPal made the announcement in a statement on Friday, but did not specify what had prompted the decision. Libra, and its digital wallet Calibra, were revealed by Facebook in June. But the […]

SA, Nigeria Begin Bi-National Discussions

SA, Nigeria Begin Bi-National Discussions

Two of Africa’s largest economies, South Africa and Nigeria, are today expected to renew longstanding bilateral ties during the ninth Session of the Bi-National Commission (BNC). International Relations and Cooperation Minister Naledi Pandor is hosting her Nigerian counterpart Geoffrey Onyeama ahead of Nigerian President Muhammadu Buhari’s state visit on Thursday. In her opening remarks on […]

Namibia Introduces Visas On Arrival

Namibia Introduces Visas On Arrival

Tourists from 47 countries no longer have to apply for visas in advance before leaving their countries for tourism, visiting, or transiting through Namibia. This was announced yesterday by home affairs minister Frans Kapofi at the launch of the ‘Visa on Arrival’ pilot project held at Hosea Kutako International Airport (HKIA). This project aims to […]

Ghana Aims For Safer Skies With New Aviation Laws

Ghana Aims For Safer Skies With New Aviation Laws

Ghana recently spent $275 million expanding and modernising Kotoka International Airport located in the capital city, Accra. This is part of its plan to attract eight million tourists annually by 2027. A significant increase from the 1.2 million people who visited the country in 2015. Given that most of these tourists will arrive in the country by air, attracting […]

A New Cold War

A New Cold War

Last week, the 12th US-Africa Business Summit, a high-level event attended by 11 African heads of state and government and some 1,000 business leaders, was held in Maputo, Mozambique. During the three-day event, US officials unveiled a USD 60 billion investment agency which will seek to invest in low and middle-income countries, with a special […]

Mozambique To Launch The Largest Fisheries Company In The Country

Mozambique To Launch The Largest Fisheries Company In The Country

The largest fishing and aquaculture project in Mozambique, with an investment of around 100 million US dollars, is nearing its conclusion in the town of Moma, on the coast of the northern province of Nampula. The undertaking, visited on Tuesday by Nampula provincial governor Victor Borges, claims that it will provide jobs for around 2,000 […]

Tobacco Farmers Earn Us$4,6m

Tobacco Farmers Earn Us$4,6m

Farmers have earned US$4,6 million from the sale of flue-cured tobacco since the opening of the 2019 marketing season two weeks ago. The growers have sold 2,6 million kilogrammes at the auction and contract floors. Tobacco Industry and Marketing Board’s latest statistics indicate that the bulk of the crop has been sold through the contract […]

Chinese Investors Plan $10 bln Metallurgical Complex In South Africa

Chinese Investors Plan $10 bln Metallurgical Complex In South Africa

Chinese investors signed agreements to build a $10 billion metallurgical complex in South Africa during President Xi Jinping’s state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters. South Africa’s President Cyril Ramaphosa said at a joint news conference with Xi on […]

Page 1 of 212