Business

East Africa: Germany grants €20m to FAO’s drought response in Ethiopia, Kenya and Somalia

ADDIS ABABA— Germany is providing assistance to the tune of 20 million Euro via the United Nations in order to mitigate the suffering from...

India Seals Trade Pact With UAE as It Pursues Free Trade Deals

NEW DELHI — India and the United Arab Emirates signed an agreement Friday that the two countries expect will increase bilateral trade to $100...

US Indo-Pacific Strategy Short on Trade Incentives, Experts Say

WASHINGTON — A major initiative to strengthen and cement America’s ties with Asia and counterbalance China's expanding influence lacks robust trade incentives that are...

Government on media accreditation for fourth South Africa Investment Conference (SAIC)

South Africa will host its fourth South Africa Investment Conference (SAIC) on 24 March 2022 at the Sandton Convention Centre in Johannesburg. The conference is part of our investment drive to attract R1.2 trillion over five years. The SAIC attracts de...

Treasury on Financial Sector Assessment Program: South Africa’s Financial System Stability Assessment Report

Financial Sector Assessment Program: South Africa’s Financial System Stability Assessment ReportThe International Monetary Fund (IMF) and the World Bank published the third Financial Sector Assessment Program (FSAP) Financial System Stability Assessmen...

Ghana, Nigeria deepen economic relations

LAGOS— More than 100 business owners from Ghana and Nigeria converge in Lagos, Nigeria to deliberate on how to deepen the longstanding economic relations between the two countries.The maiden ‘2022 CEO Forum’ would create a two-day platform to inform bu...

Humanitarian aid: EU allocates €18 million in Algeria, Egypt and Libya

The European Commission has announced its humanitarian funding for North Africa for 2022 amounting to €18 million. The funding will support some of the most vulnerable people in Algeria, Egypt and Libya.Commissioner for Crisis Management, Janez Lenarci...

EU chief unveils 150-bn-euro investment plan for Africa

DAKAR— EU chief Ursula von der Leyen unveiled plans to muster investment of more than 150 billion euros for Africa, proclaiming Europe to be the continent’s biggest and “most reliable” partner. The scheme is the first regional plan of the European Un...

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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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BURUNDI: SHOCKING DECISION AS APPEAL COURT UPHOLDS CONVICTION OF LAWYER TONY GERMAIN NKINA

Six international human rights groups – Amnesty International, the...

Farmers in Embu Receive Sh12.5 Million in Agricultural Inputs from County Government

EMBU: Various farmer groups in Mwea Ward, Embu County, have received certified seeds and fertilizers worth Sh12.5 million from the County Government to boost agricultural productivity during the short rains planting season. The support is aimed at enh...

Auditor-General to Empower County Assemblies for Enhanced Oversight on Governors

Embu: The office of the Auditor-General has commenced discussions with County Assemblies with a view to empower them to play their oversight role effectively. AG Nancy Gathungu emphasized that County Assemblies, comprising elected members at the grass...