Business Affairss

Debt in Africa : the average ratio increased from 60% of GDP in 2022

The average debt ratio in sub-Saharan Africa has almost doubled in just ten years, from 30% of GDP at the end of 2013 to just under 60% of GDP at the end of 2022. This indicates the IMF. He adds that the cost of repaying this debt has also increas...

Financing in UEMOA : BOAD has totaled around 8,000 billion FCFA in commitments

ICT/digitalization occupies first place (40.1%), second place goes to 'Energy and natural resources' (23.9%), Finance and Insurance is placed in third position (12.4%), followed by agricultural production and food security (14%), health and educat...

GDP grows 0.01% from second quarter of 2022 to 2023

Angola's Gross Domestic Product (GDP) grew 0.01 per cent from the second quarter of 2022 to the second quarter of 2023, the National Statistics Institute (INE) said Monday in Luanda. According to the Rapid Information Sheet (FIR), referring to th...

Tea : sales could generate $1 billion by end of 2023

In Kenya, tea export earnings are expected at 150 billion shillings ($1 billion) in 2023. The expected amount would be up 12 billion shillings ($81 million) from the level a year earlier . The authorities have in fact put in place a program which ...

Burkina: VAT fraud amounting to more than 2.5 billion FCFA

More than a hundred companies are incriminated in VAT fraud, estimated at more than 2 billion 563 million FCFA, the National Anti-Fraud Coordination (CNLF) said on Monday. ) which was announced the arrest of several fraudsters including the master...

Judicial return: courts examine their achievements to better track economic and financial crimes

The President of the Transition, Head of State, Captain Ibrahim TRAORE, guarantor of the independence of the judiciary, attended this Monday the solemn hearing marking the 2023-2024 return to school of the various jurisdictions of our country. Th...

Ligue 1 Burkinabè: The leader, ASEC-K, held in check by AS Sonabel (0-0)

Ligue 1 Burkinabè: The leader, ASEC-K, held in check by AS Sonabel (0-0) Ouagadougou, October 2. 2023 (AIB) - ASEC Koudougou, leader of the championship, was held in check on Saturday September 30 by its runner-up AS SONABEL (0-0), during the 5th...

Nyeri To Construct A Sh500 Million Industrial Park

The County Government of Nyeri has inked a deal with a local contractor for the construction of a Sh500 million aggregate and industrial park in Kieni constituency.According to the Chief Officer in Charge of Trade, George Mwangi, the park, a joint...

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Repo Rate Remains Unchanged at 6.75 Percent: Bank of Namibia’s Decision to Safeguard Currency Peg

Windhoek: The Bank of Namibia (BoN) has maintained the repo rate at 6.75 percent for the next two months. The central bank announced this decision on Wednesday, stating that the unchanged rate aims to sustain the peg between the Namibian Dollar and th...
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Ethiopia and Kenya Sign Memorandum to Boost Border Trade

Addis Ababa: Ethiopia and Kenya have signed an implementation memorandum of agreement to facilitate trade relations between the two countries and ensure that people living in the border area can access essential daily commodities without any supply di...

Value Addition on Rice Key to Boosting Income and Nutrition in Kenya

Nairobi: Paddy rice production in Kenya has doubled over the past six years, increasing from 116,000 metric tons in 2018 to 244,000 metric tons in 2023. However, the national rice self-sufficiency rate remains below 20 percent, indicating a continued ...

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Kenya Pipeline Company Celebrates Anniversary with Major Mangrove Restoration Effort

MOMBASA – In a significant move toward environmental conservation, the Kenya Pipeline Company (KPC), in collaboration with the Kenya Forest Service (KFS), has initiated a mangrove planting project at Tudor Creek to commemorate its 50th anniversary.Acco...

Limpopo organised crime unit apprehend one suspect and seize drugs worth thousands of rands in Polokwane

A 43-year-old suspect was arrested by the Limpopo Provincial Organised Crime Investigations Unit (OCI) and Crime Intelligence Narcotics Team in Polokwane in the morning of Friday 19 May 2023 after he was found in possession of drugs with an estimated ...

Parents Urged to Prioritize Newborn Hearing Screenings to Prevent Hearing Impairment

Maragua: Parents have been urged to ensure their young ones undergo hearing screening a few days after they are born. A hearing consultant, Dr. Richard Mwangi, has stressed that once a child is born, hearing screening needs to be done before the mothe...