Johanessburg, South Africa | THE INDEPENDENT |Â MultiChoice Group, Rapyd and General Catalyst today announced a joint venture aimed at developing an integrated payment platform for Africa. The joint venture will operate under a new company, called Moment. Moment offers expanded payment infrastructure for businesses across Africa to help …
Read More »Uganda decries protectionism in Africa aviation
Kampala, Uganda | THE INDEPENDENT | Uganda is set to host the 55th African Airlines Association (AFRAA) Annual General Assembly this year, amidst complaints by the national carrier over alleged unfair trade practices in the content industry. Uganda Airlines Chief Executive, Jennifer Bamuturaki lists bureaucracy by states as one of …
Read More »Over 7,000 hectares of grazing land raided by invasive species in N. Tanzania
Mwanza, Tanzania | Xinhua |Â More than 7,000 hectares of grazing land have been raided by invasive species in Monduli, Longido and Ngorongoro districts in Arusha Region in northern Tanzania, officials said on Sunday. The invasive species caused by climate change have hugely affected grazing areas for domestic and wild …
Read More »Five African countries to join tier-topping economic growth list amid GDP rebound
Five of Africa’s top-performing economies, pre-pandemic, are set to rejoin the world’s top ten fastest-growing economies this year as the continent’s GDP rebounds ANALYSIS | BIRD AGENCY | Benin, CĂ´te d’Ivoire, Ethiopia, Rwanda, and Tanzania are on course to post some of the strongest economic growth rates globally – a …
Read More »US laws to promote home grown industries will hurt African economies
NEWS ANALYSISÂ | THE INDEPENDENT |Â The Biden administration has ratcheted up protectionism and industrial policy amid surging economic tensions with China. Legislation passed in 2022 unlocked hundreds of billions of dollars in subsidies to spur domestic production of renewable energy and electric vehicles, and to support other decarbonisation goals. The …
Read More »Dangote launches $20bn oil refinery in Nigeria
Although it is a large crude oil producer, country has faced challenges supplying its citizens with refined oil products Lagos, Nigeria | AGENCIES | The world’s largest single train refinery was on May 22 commissioned in Nigeria. The $20 billion giant refinery was built by the Dangote Group which is owned …
Read More »Sudanese army calls on retired soldiers to get arms for self-defense
Khartoum, Sudan | Xinhua |Â Sudan’s acting Defense Minister Yassin Ibrahim Yassin Friday called on retired soldiers and whoever is able to carry arms to report to the nearest army base to get armed. “We call on all pensioners of the armed forces, including officers, non-commissioned officers, soldiers and all those …
Read More »Over 31,000 people enter Ethiopia from conflict-affected Sudan: IOM
Addis Ababa, Ethiopia |Â The number of people arriving in Ethiopia fleeing from armed conflict in Sudan has surpassed 31,000, the International Organization for Migration (IOM) has disclosed. The UN migration agency, in its latest situation update issued Friday, said the armed conflict in Sudan is forcing hundreds of thousands of …
Read More »MUSEVENI: Mistakes were made in Somalia attack
Kampala, Uganda | THE INDEPENDENT & URN | Presdent Yoweri Museveni has indicated that there were mistakes made by a company of UPDF soldiers when Al-Shabaab rebels attacked their Forward Operational Base leading to a loss of lives on Friday. “Some of the soldiers there did not perform as expected and panicked, …
Read More »World Bank approves 150 mln to help Ghana improve flood resilience
Accra, Ghana | Xinhua |Â The World Bank has approved 150 million U.S. dollars to help the Ghanaian government control flood in the country’s capital of Accra, a release from the bank’s Ghana office said Friday. The World Bank financing was for the improvement of the Greater Accra Resilient and Integrated …
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