Business Affairss

Egypt’s Cabinet Approves Draft Budget For FY 2022/23 With 6.1 Percent Deficit

CAIRO – Egypt’s cabinet, yesterday, approved a draft budget for the fiscal year 2022-2023, which begins on July 1, with an expected 6.1 percent deficit.Prime Minister, Mostafa Madbouly, told the cabinet meeting, the new budget was restructured in light...

Over hundred Moroccan companies eyeing the international Market, expanding into Halal sector

CASABLANCA (Morocco)— The vibrant business community in Morocco, being controlled by both public and private sector companies, has been adequately prepared to expand operations around the world, especially in Africa.Many of these companies who are prod...

Gamechanger HIV injection rolls out in South Africa and Brazil

The first injection to offer long-lasting protection against HIV is being rolled out in South Africa and Brazil, as an alternative to daily medication, according to the UN agency UNITAID. Hosted by the World Health Organization (WHO), UNITAID announced...

Q&A: How is Angola is Reaching the Poor and Vulnerable During Covid-19?

Josefina Nangombe and André Himi are among more than 247,000 heads of households benefiting from the country’s new cash transfer program, Kwenda. Both live in the Huila Province of Angola—a region famous for basket-making—and began receiving quarterly ...

Tourism hosts National Tourism Careers Expo, 25 to 27 Mar

Tourism is an ideal industry to promote youth employmentThe Deputy Minister of Tourism Mr. Fish Mahlalela today launched the 2021 National Tourism Careers Expo (NTCE) which will take place at the Joburg Expo Centre at Nasrec from Friday, March 25, to S...

Economic effects of Lake Albert flooding ‘devastating’ for affected Ugandans

The flooding of Lake Albert, in Africa’s Great Lakes Region, has caused huge economic losses on the shores of Uganda, where people were already struggling to recover from the effects of the COVID-19 pandemic.In Buliisa district alone, situated on the n...

Pan African Forum advocates for removal of sanctions on Zimbabwe

HARARE, The Chairman of Pan African Forum Dr David Matsanga has called on the international community to lift sanctions against Zimbabwe stating the restrictions are hurting the southern African Nation.Matsanga termed the sanctions as illegal and assur...

Chinese Imports Edging Out Kenya’s Local Products

Kenyan artisans say they are losing the market for their products to Chinese imports. According to the crafts persons, the high quality and lower prices of Chinese-made goods put them at a disadvantage.Jua kali, popularly known in Kenya as artisanal wo...

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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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Idriss Deby’s son succeeds him as Chad’s only five-star army general

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ECOWAS Hardens Stance on Mali, Guinea

The West African regional grouping ECOWAS on Sunday hardened...

Minor Boy Arrested for Alleged Rape of Eight-Year-Old Girl in Ohangwena Region

HELAO NAFIDI: A 12-year-old boy has been taken into custody for allegedly raping an eight-year-old girl on multiple occasions in Helao Nafidi, located in Namibia's Ohangwena Region. The incidents reportedly took place between August and October 2024, ...