Tag Archives: Economy

18 October 19

Burundi: More than 40 arrested in currency crackdown

More than 40 people in Burundi have been arrested as part of a government campaign targeting black-market currency trading.

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17 October 19

World Bank orders Tanzania to pay $185m to Standard Chartered

A World Bank arbitration court has ordered Tanzania to pay $185 million to Standard Chartered over the breach of an energy contract.

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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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