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44 African countries sign major deal to open their markets for free trade

44 African countries in total have signed a vital continental free trade agreement in the Rwandan capital Kigali to enable the long-awaited economic integration and movement of goods and persons across member states. 43 countries also signed the Kigali declaration and 27 countries agreed to ease mobility of people across the continent by signing the […]

Sorry Ghana, Ethiopia is Africa’s fastest growing economy in 2018

Angola passes law to attract foreign investment

Angolan President Joao Lourenco [Photo- AFP] Angola on Thursday passed a law scrapping rules that previously forced foreign investors to partner with local firms, as President Joao Lourenco tries to revive the oil-dependant economy. Lourenco has vowed to pull in foreign investment after he succeeded Jose Eduardo dos Santos, who had ruled Angola for 38 […]

44 African countries sign major deal to open their markets for free trade

Kenya Airways sacks 22 of its 26 Nigerian workers

Kenya Airways has sacked 22 out of its 26 Nigerian employees, representing 86.4 per cent of its Nigerian workers. According to a report by Punch, only four Nigerian staff are currently retained by the management of the airline after the exercise.  Those retained are Country Manager, Afeez Balogun, the Station Manager, and two other staff. The […]

44 African countries sign major deal to open their markets for free trade

Digital currencies could coexist alongside traditional banks – IMF boss

Managing Director of the International Monetary Fund ( IMF) has said the growth of bitcoin and other digital currencies could make the global financial system safer. Christine Lagarde said some tools built using the technology behind bitcoin, which are known collectively as crypto-assets, hold the potential to revolutionise the world of high finance by making it […]

44 African countries sign major deal to open their markets for free trade

Ethiopia builds Africa’s first energy plant that converts trash into electricity

Waste management is one of the biggest challenges confronting many African countries. The issue of collection, management and disposal of solid waste still features highly in major towns and cities across the region. Failure to correctly manage waste disposal has often led to flooding and the outbreak of diseases. In Ethiopia, its largest rubbish dump […]

44 African countries sign major deal to open their markets for free trade

U.K. to introduce one of world’s toughest ivory bans

The UK is set to introduce one of the world’s toughest ban on ivory sales, which the government says is meant to “protect elephants for future generations.” “Ivory should never be seen as a commodity for financial gain or a status symbol, so we will introduce one of the world’s toughest bans on ivory sales,” […]

44 African countries sign major deal to open their markets for free trade

The Islamic Development Bank to finance $185 Million projects in Tunisia

The Islamic Development Bank has agreed on Sunday to lend Tunisia $185 million to finance developments including an electricity project, an official told Reuters. The bank agreed to finance an electricity link worth $150 as well as the construction of hospitals in Kasserine and Kef worth $34 million. The agreement will be signed on Thursday […]

44 African countries sign major deal to open their markets for free trade

South Africa to speed up visa processes to boost foreign arrivals

South Africa will speed up visa processes and lure major conferences in an effort to boost foreign arrivals by 40 percent by 2021, its tourism minister said on Friday. The new measures are part of a goal to attract five million additional travelers – four million international tourists and one million extra local holiday trips […]

44 African countries sign major deal to open their markets for free trade

Africa’s young professionals embracing ‘gospel of bitcoin’

In a sleek new high-rise in Uganda’s capital, an enthusiastic lecturer described his financial success with the cryptocurrency bitcoin while his earnings were projected on a screen. “What I have earned in one-and-a-half years from bitcoin is more than I earned in 10 years as a teacher,” Richard M. Bagorogo told his audience. “I am […]

44 African countries sign major deal to open their markets for free trade