President Pierre Nkurunziza has invited both Burundians and foreigners living in Burundi to take advantage of opportunities offered by Information and Communication Technology (ICT) applications. He was recently launching Burundi First Phase Backbone System (BBS) Network in Bujumbura. Nkurunziza also asked operators and internet service providers to ensure that the final users can now enjoy […]
Category: East Africa News
Oil exporting giant Nigeria has spent $7.3bn a year on fuel importation since 2013
Central Bank of Nigeria, CBN, yesterday, disclosed that the sum of $119.409billion was spent on the importation of commodities into the country in five years. Of the amount, $36.371billion was expended on the importation of petroleum products from 2013 to 2017. The Director in charge of Research in the apex bank, Mr Ganiyu Amao made […]
Economic Regional integration apace in Africa as Tunisia joins the East & Southern Africa trading block COMESA
Africa’s largest trading bloc, the Common Market for Eastern and Southern Africa, is set to get even bigger in June with the admission of Somalia and Tunisia, increasing its membership to 21 countries. The addition of two countries comes just after the signing of the African Continental Free Trade Area (AfCFTA) in Kigali in March. […]
Safaricom backed Little-Ride to expand to 30 countries
Kamal Budhabhatti is the founder and CEO of Craft Silicon, a Kenyan software company with a local base and global aspirations that is steadily making inroads in the world of financial technology as well as transport. He spoke to The Independent’s Isaac Khisa about their planned expansion of the taxi-hailing business to Uganda, their first […]
Primus gets South Africa flow battery order from supplier-investor Anglo American Platinum
A mining operation in South Africa will start managing the cost of its consumed energy with the deployment of eight flow batteries from Primus Power. Anglo American Platinum, listed on the Johannesburg Securities Exchange (JSE) with mining, smelting and refining operations in South Africa, will install 200kW / 1,000kWh of energy storage in the form […]
South African Airways says it needs capital injection “now” after no profits for 7 years
South African Airways (SAA) needs a new capital injection “now” to stay afloat and is in discussions with banks and the National Treasury for “an open credit line”, its chief executive said on Tuesday. State-owned SAA, which has not generated a profit since 2011, is regularly cited by ratings agencies as a drain on the […]
Morocco, Cote d’Ivoire set up joint logistics platform
The MoU was inked by the Moroccan Minister of Agriculture, Fisheries, Rural Development, Water and Forests, Aziz Akhannouch, and the Ivorian minister of Agriculture and Rural Development, Mamadou Sangafowa Coulibaly, on the sidelines of his participation in an annual international meeting on agriculture in the northern city of Meknes. The project to set up a […]
Ghana economy forecast to grow 8%+ driven by oil and commodities
Experts are divided on the prospects of Ghana’s economic growth in 2018, as conflicting projections keep coming out from various quarters. In its 2018 fiscal policy, the government had projected to achieve a 6.8 percentage growth in Gross Domestic Product (GDP). The 16-month-old government led by Nana Akufo-Addo has been achieving some remarkable successes in […]
Zimbabwean president Mnangagwa pledges commitment to regional integration
President Emmerson Mnangagwa on Tuesday said that Zimbabwe remained committed to regional integration and urged participants at the Zimbabwe International Trade Fair (ZITF) to tap into the business opportunities available in the country. In a welcome message to the participants, Mnangagwa said ZITF remained an important platform for the country to promote trade and investment. […]
Ethiopia is now Africa’s fastest growing economy outpacing Ghana
Ethiopia’s economy is predicted to grow by 8.5% this year. The figures signal continued economic expansion following a long period of impressive growth. In the last decade, Ethiopia has averaged around 10% economic growth, according to the IMF . To boost the economy, the country is pursuing a number of large-scale infrastructure projects, including the […]