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Can the Peace-Trade Equation Stabilise the Horn?

The launch of the African Continental Free Trade Area (AfCFTA) on 7 July at the African Union (AU) summit in Niamey, Niger, has created the largest free trade zone in the world for 1.2 billion people with a gross domestic product of around US$3.4 trillion. Niger’s President Mahamadou Issoufou hailed the AfCFTA as ‘the greatest […]

Life gets harder as Zimbabwe records high inflation

The prices of basic commodities are soaring in Zimbabwe, as the country records an inflation rate of 175.66%, the highest ever in the last decade. Bread and cooking oil is very expensive that people are afraid of having another hyperinflation like the one country experienced between 2008 and 2009. Last weekend, the government again raised […]

Govt Wants Kenyan to Take Over East Africa’s Top Telecoms Company

Cabinet Secretary in the Ministry of Information and Communications Joe Mucheru says the government will however not impose its wish on the board to have a Kenyan take over reigns at Safaricom following the death of Chief Executive Officer Bob Collymore. The board has placed the company’s founding CEO, Michael Joseph at the helm, in […]

Ghana: Govt Approves Ghȼ1.56 Billion for 14 Road Projects

The government has approved a multi-year funding of more than GHȻ1.56 billion for the construction of fourteen road projects across the country over the medium term. The projects include the reconstruction of the 24.80-kilometre Osiem-Bogoro road; 41.40-kilometre Kwabeng-Abomosu-Asuom road; 23.3-kilometre Kwabeng-Akropong and Akropong town roads; 22-kilometre Asuom-Subi-Kade road; 27.2-kilometre Akropong-Pramkese-Adankrono road and the upgrading of […]

Nigeria: Finally, Nigeria to Sign African Continental Free Trade Agreement

Abuja — Following the recommendation of the Presidential Committee on African Continental Free Trade Agreement (AfCFTA), which submitted its report to President Muhammadu Buhari yesterday, Nigeria will sign the agreement, with conditions authoritative presidency sources have told THISDAY. The phase one of the agreement was adopted by African Union (AU) Heads of State at its […]

West Africa: ECOWAS Heads of State Name Single Currency ECO

The Economic Community of West African States (ECOWAS) Heads of States and Government have noted an increase in economic growth in the West African region due to a surge in agricultural input and investment in infrastructure. In the communiqué of the closed door meeting by members states during the ECOWAS Summit of Heads of State […]

Inflation rate hits 11.4%

The Consumer Price Index, which measures inflation rate, rose from 11.37 per cent in April to 11.4 per cent in May, figures released by the National Bureau of Statistics revealed. The NBS in its CPI report, which was released on Monday, stated that the country recorded a 0.03 percentage increase in year-on-year inflation. This is […]

Liberia: Internet Shutdown On June 7, Cost Liberia Over U.S.$100 Million

President George M. Weah is resolute in dealing with any action or actor that threatens the existence of his government that was brought into power by the popular vote. On Friday, June 7, Liberians woke up to the rather startling reality that their primary source of information — social media — had been blocked. At […]

Tanzania: Why Bank of Tanzania Has Frozen Exchange of Kenyan Currency

The Bank of Tanzania has suspended conversion of Kenyan currency to Tanzanian currency. In a statement dated Friday, June 7 and addressed to all financial institutions the regulator said it was advised to freeze the exercise by Central Bank of Kenya (CBK) in a move to tame illicit cash flows. “With a view to combat […]

Kenya: Tanzania and Kenya Work to Resolve Trade Disputes

Kenya and Tanzania are pushing to resolve their long-standing trade disputes, which have slowed down the flow of goods across common borders. Trade officials from the two countries held bilateral meetings in Arusha, in April, to try and resolve the many contentious trade issues, including rules of origin for some products and persistent suspicion over […]

CoinCola Helps Africans Abroad to Battle the High Remittance Charges

Africa is considered as one of the regions in the world where remittances play a vital role in the lives of the average family. It is a common occurrence within the continent for Africans working abroad to send money back home to family and friends. These remittances have, over the years, increased as the number […]

South Africa: How Technology Could Help Rural South Africa Turn Sunshine Into Income

The way energy is produced and distributed is changing rapidly as the industry moves away from carbon-based energy production. Technological development in the production of alternative energy has also speeded up the emergence of decentralised systems. These build on large numbers of actors who generate small quantities of energy. But for a decentralised system to be […]

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