Tag Archives: africa

THE LAST WORD: By Andrew M. Mwenda Why foreign direct investment is overrated and why Africa needs to cultivate local businesses There is a fad in Africa. It is called Foreign Direct Investment (FDI). Across our vast continent, foreign investors are the most treasured visitors. Practically every country is obsessed …

Washington, United States | AFP |  World economic leaders gathered in Washington this week to defend globalization, delivering a single message in unison: Protectionism will not save you. But this glosses over the plight of Africa, which is sinking further into poverty despite years of free trade. According to the …

Uganda has been re-elected member of the African Tax Administration Forum (ATAF) council at the ongoing General Assembly in Durban, South Africa. The country’s revenue authority URA also won two awards, coming top in Africa in the 2016 Innovation Awards in Customer Service and the Innovation Awards for Modernization. The new ATAF Council elected for …

Security hampers 10-year African governance growth London, United Kingdom | AFP | Governance in Africa has gradually improved over the past 10 years but has been held back by deteriorating security and the rule of law, an annual index tracking development showed Monday. Some 70 percent of African citizens now …

Johannesburg, South Africa | AFP |  Skilled workers are leaving sub-Saharan Africa in rapidly increasingly numbers, producing a “brain drain” that causes long-term social damage, the International Monetary Fund warned Tuesday. The IMF said that the number of sub-Saharan migrants living in developed countries could increase from about seven million …

Rwanda’s President Kagame asserts Africa’s right to self-determination in Coca-Cola lecture at Yale A speech President Paul Kagame delivered during a public lecture at the Coca Cola World Fund Lecture at Yale University has sparked wide-ranging debate for its emphasis on the right of Africans to self-determination. Speaking before over …

Dakar, Senegal | AFP | When farmer Isaac Tondo fell on lean times in Liberia’s long rainy season, his brother in the capital sent 8,000 Liberian dollars (US$87) to his Lonestar mobile money account, ensuring his children’s school fees would still be paid. Across Africa more and more people — …

Libreville, Gabon | AFP |  Gabon president Ali Bongo has insisted that that the 2017 Africa Cup of Nations (CAN) will go ahead in his crisis-ridden country. The CAN is due to take place from January 14 to February 5 next year but was thrown into doubt after violence broke …

President Paul Kagame on Sept. 20, while speaking on the sidelines of the UN General Assembly in New York, appealed to fellow leaders to foster inclusive growth and prosperity of all citizens. Kagame was chairing the 3rd board meeting for the SDG Center for Africa when he made the remarks, …

Paris, France | AFP |  Gabon’s disputed election, which culminated Saturday with the constitutional court’s confirmation of President Ali Bongo’s victory, is the latest in a long list of violence-tinged ballots in Africa:   Ivory Coast  After a five-month-standoff, incumbent Laurent Gbagbo was detained on April 11, 2011 by forces …