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South Sudan scraps fuel subsidies to cut expenditure

The South Sudanese government has scrapped fuel subsidies in a bid to cut spiralling public expenditure costs in the youngest nation hit by rampant fuel shortages due to a four-year long armed conflict. Deputy Minister of Information Lily Albino Akol told journalists that President Salva Kiir ordered the removing of the fuel subsidies in order […]

Kagame: 49 AU members have signed free trade pact

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 […]

Kagame: 49 AU members have signed free trade pact

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 […]

Kagame: 49 AU members have signed free trade pact

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 […]

Kagame: 49 AU members have signed free trade pact

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 […]

Kagame: 49 AU members have signed free trade pact

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 […]

Kagame: 49 AU members have signed free trade pact