Tag Archives: Economy

02 October 19

South Sudan launches first mobile money service

Technology firms in South Sudan have launched the country’s first mobile money service.

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26 September 19

Africa’s tech boom will save economies and ruin lives

A lot is being said about the rise of technologies such as artificial intelligence and automation in every country around the world. Many experts argue that we’re on the edge of an employment crisis as machines continue to take more
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01 September 19

Ethiopia eyes economic reforms to ease forex shortage

Ethiopia’s government says it is considering significant economic reforms as part of an effort to ease the country’s foreign currency shortage.

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29 August 19

Tanzania: National Bank of Commerce fined over data rules breach

Tanzania’s National Bank of Commerce has been fined 1 billion Tanzanian shillings (US$435,000) after failing to establish its own data centre.

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16 August 19

Kenya sells first crude oil export – to China

Kenya has sold its first export of crude oil to a Chinese state-owned petroleum multinational firm.

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18 July 19

World Bank contradicts Tanzania’s economic growth estimates

The World Bank says Tanzania’s economy grew by 5.2 percent in 2018, contradicting the country’s finance minister who told parliament last year that growth stood at 7 percent.

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08 July 19

Is 2019 the year of positive change in the Horn of Africa?

Last year, the geopolitical landscape in the Horn of Africa was turned on its head with the signing of a peace deal between long-time war enemies, Eritrea and Ethiopia. The peace agreement sent a ripple effect throughout the entire peninsula
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02 July 19

Ethiopia: PM defends reform policy, warns ‘coup’ plotters

Ethiopian prime minister Abiy Ahmed has defended his reform policy and issued a strong warning to anyone interested in toppling his government following a coup attempt in the Amhara region.

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04 June 19

Tanzania, Zambia agree $1.5 billion oil pipeline deal

Tanzania and Zambia have settled plans to build a $1.5 billion oil pipeline between the two countries, according to Tanzania’s energy minister.

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03 June 19

Kenya to issue new banknotes in battle against corruption

Kenya President Uhuru Kenyatta has announced the country will introduce a new generation of banknotes in an effort to curb corruption.

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