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Tag Archives: africa

Uganda’s renewable energy investment gets world recognition

Uganda’s recent strong focus on improving her energy potential has been recognized, with the country now ranked third in Africa for providing the right environment to attract investment. Financial advisors Fieldstone Africa have categorized Uganda among “The Big Five” in Africa “where an investment of time and capital in a …

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Bemba: from wealthy DR Congo VP to war criminal

Kinshasa, DR Congo | AFP | Jean-Pierre Bemba, the ex Congolese vice-president handed an 18-year-jail term Tuesday for “cruel” rapes and murders in neighbouring Central African Republic, was once a towering figure in business and politics. Bemba, a once feared warlord now aged 55, was sentenced after being found guilty …

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Nestle to offer jobs training to 300,000 African youths

Abidjan, Ivory Coast | AFP | Swiss company Nestle will offer on-the-job training for 300,000 African youths to offset high unemployment that poses “severe economic and social challenges” for the continent, the company announced Tuesday. “We’re going to create more than 3,000 internships and apprenticeships in African countries by the …

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Nigeria to stop defending naira

Abuja, Nigeria | AFP | Nigeria signalled Wednesday it will ease currency controls, opening the door to a plunge in the value of the naira, after the restrictions were blamed for stifling the economy. Central Bank of Nigeria (CBN) governor Godwin Emefiele said in a televised speech from Abuja that …

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KENYA: CORD, Jubilee lawmakers held for hate speech

Nairobi, Kenya | AFP | Eight Kenyan politicians are behind bars on suspicion of hate speech in the latest sign of rising political tensions a year ahead of elections. Three lawmakers from the ruling Jubilee party, and four plus a senator from the opposition CORD alliance, were ordered to be …

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