Africa

Cohabiting couples in Burundi have until the end of the year to get married or face legal consequences

Cohabiting

Cohabiting couples in Burundi have until the end of the year to get married or face legal consequences The government order comes after President Pierre Nkurunziza launched a campaign “to moralise society”. A government spokesman said a crackdown on informal relationships was needed to combat a population explosion. He said too many schoolgirls were getting pregnant and men were taking ...

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Why Facebook is investing $170m in Uganda

Facebook invest in Uganda

Ugandans have a growing passion for the internet and social media – and it’s being reciprocated. The world’s biggest social networking platform has chosen Uganda for a $170 million fibre infrastructure project. This investment shows that Uganda is one of Facebook’s top priority countries in Africa. While Uganda had 23 million phone users and 13 million internet users in 2015, ...

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ECOWAS must grab this huge investment opportunity

ECOWAS

The Ghana Institute of Governance and Security (GIGS) says the decision by Morocco – a North African economic giant, to join Economic Community of West African States (ECOWAS), could provide the sub- region with huge investment opportunities. It would open the door to the countries in the economic bloc to effectively partner Morocco to undertake massive development projects to drive ...

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Ghana Signs Double Taxation Agreement With Mauritius

taxation agreement

The Government of Ghana has signed a Double Taxation Avoidance agreement (DTA) with the government of Mauritius. The countries have also set up a Ghana-Mauritius Permanent Joint Commission on Bilateral Cooperation, as part of measures to facilitate trade between the two countries. As well, Ghana and Mauritius have agreed to collaborate on an Investment promotion and protection agreement to better ...

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Why IBM decided to invest $70 million in Africa IT skills

IBM

Computing giant IBM is investing $70 million (approximately R945 million) in building digital, cloud and cognitive IT skills to help support a 21st-century workforce in Africa. The initiative, ‘IBM Digital – Nation Africa’, provides a cloud-based learning platform designed to provide free skills development programmes for up to 25 million African youths over five years, enabling digital competence and nurturing ...

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Focus on efficient development and resist flashy projects – World Bank

Sub-Saharan Africa

Cities in sub-Saharan Africa are experiencing rapid population growth rate, yet their economic growth has not kept pace, the World Bank Group has said. The Bank says it may be partly due to low capital investment, due in part to Africa’s relative poverty. However, the Bank is hopeful that African leaders can still set cities unto more efficient development paths ...

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Battered Zuma Turns to Populism

Zuma

With his time as leader of South Africa’s ruling African National Congress running out, President Jacob Zuma is gambling that a raft of populist measures can bolster his grassroots support and ensure his political survival. “Radical economic transformation” was the theme of Zuma’s annual state-of-the-nation address on Thursday delivered amid scenes of lawmakers brawling and security forces imposing an unprecedented ...

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Fake news dangles visa-free travel for Ghana/Malawi

visa free

As President Donald Trump’s travel ban upended many people’s plans to come to America, fake news perpetrators saw opportunities to cash in on the news. A few days after Trump signed his executive order, a website called USA Television put up two stories. One said “Trump signs a visa-free travel policy for Ghana” and the other “Trump signs a visa-free ...

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Kenya to host Africa Finance & Investment Forum

trade finance in kenya

Kenya will for the first time host the Africa Finance and Investment Forum (AFIF), the Pan-African meeting of SMEs managers, entrepreneurs, investors and government representatives which will take place from 13-16 February, 2017. The event organized by EMRC will focus on entrepreneurship and innovation and access to finance in key sectors such as energy, water, ICT, health and agriculture, according ...

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AfDB approves over $69m for infrastructure sector investments in Ghana

AfDB

The Africa Development Bank (AfDB) has approved $69.6 million risk participation in infrastructure sector investments in Ghana, Malawi and Mozambique. The Board of Directors of the African Development Fund (ADF) approved two transport sector investment risk participations amounting to $69.6 million under its Private Sector Credit Enhancement Facility (PSF). These two transactions are risk participations in Private Sector projects of ...

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