Home Business & Economy

Business & Economy

African countries gain by trading with each other and not by begging for aid, Kagame says

Rwanda’s  President Paul Kagame has called on African countries to stop seeking external funding and work with their own resources, which are available in plenty. He was speaking during the opening of the African Leadership Forum, where he asked African leaders to control illicit financial flows, improves taxation and adds value to its raw materials. […]

Localization in African Countries will Boost Oil & Gas Business

GE’s new President and CEO of Sub-Saharan  Africa for Oil & Gas, Ado Oseragbaje, is optimistic about the future of GE in enabling and developing an industrial economy across the SSA region. Oseragbaje is aware of the challenges in SSA, but is certain that in-country fabrication, localisation and other initiatives will help provide the resources […]

African countries gain by trading with each other and not by begging for aid, Kagame says

Tanzania rice production to increase two fold by 2018

Tanzania has launched a rice production project that seeks to double the rice produced in its borders by 2018 The project that seeks to support small holders’ efforts to improve rice production and seek markets for them through a partnership with the Food and Agriculture Organization of the United Nations (FAO) according to the Citizen […]

African countries gain by trading with each other and not by begging for aid, Kagame says

Kagame: 49 AU members have signed free trade pact

Forty-nine members of the African Union have signed the African continental free trade area (AfCFTA) agreement, said AU chairperson Paul Kagame on Monday. Kagame, who is also the Rwandan president, made the announcement in Nouakchott during the closing ceremony of the 31st summit of the 55-member African Union. South Africa, Sierra Leone, Namibia, Lesotho and […]

African countries gain by trading with each other and not by begging for aid, Kagame says

Mauritius To Sell Citizenship And Passport

Mauritius is offering foreigners the chance to obtain Mauritian citizenship in exchange for a non-refundable contribution of $1m (£757,400) to the national sovereign wealth fund. Applicants’ spouses and dependents are also eligible with an additional contribution of $100,000 per family member. The announcement was made by the prime minister and finance minister in the country’s […]

African countries gain by trading with each other and not by begging for aid, Kagame says

South Africa proposes 5% black ownership in mining in mining firms

South Africa plans to raise black ownership at permit-holding mining companies to 30 percent from 26 percent within five years, the latest draft of a hotly-contested new industry charter showed on Friday. The government and miners had been at loggerheads over a previous version of the charter, which the Chamber of Mines industry body slammed […]

African countries gain by trading with each other and not by begging for aid, Kagame says

ZIMBABWE GETS ITS FIRST BILLIONAIRE

Telecom tycoon Strive Masiyiwa has become Zimbabwe’s first billionaire. According to a report by Forbes, Masiyiwa, 57 is now worth $1.7 billion. Masiyiwa controls Econet Group, a Zimbabwe-listed mobile phone company that also has investments in financial services, insurance, e-commerce, renewable energy, education, Coca-Cola bottling, hospitality and payment gateway solutions. Econet also has a Pay television outfit, Kwesé TV, […]

African countries gain by trading with each other and not by begging for aid, Kagame says

Nigeria signs deal to supply oil and gas to West Africa

President Muhammadu Buhari and the King of Morocco, His Majesty Mohammed VI, held a Bilateral Meeting upon Pres Buhari’s arrival in Rabat on a 2-day Official Visit. The 2 countries signed Agreements on a Gas Pipeline, a Basic Chemicals Platform, & Agriculture Cooperation The Federal Republic of Nigeria and the Kingdom of Morocco on Monday […]

African countries gain by trading with each other and not by begging for aid, Kagame says

South Sudan to introduce higher denomination banknote amid soaring inflation

South Sudan government announced the introduction of a new 500-pound banknote in view of the value of 100 note being eroded by inflation. The East African country is facing an acute economic crisis due to the ongoing civil war. In a statement issued on Friday, the Bank of South Sudan announced that the new banknote will […]

African countries gain by trading with each other and not by begging for aid, Kagame says