Posts in category

African Economy


Written by: Dan Mwangi danson@mtkenyatimes.co.ke Africa’s infrastructure needs $130–$170 billion a year leaves a financing gap of as much as $108 billion. But with better strategies, sustained and inclusive growth can still be achieved in the context of a large infrastructure gap. Africa must industrialize to end poverty and to generate employment for the 12 …

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Written by: Dan Mwangi danson@mtkenyatimes.co.ke       African economies have been resilient: Real output is up, reflecting generally good macroeconomic policies, progress in structural reforms (especially in infrastructure development), and generally sensible policy frameworks Global and domestic shocks in 2016 slowed the pace of growth in Africa, but signs of recovery were already manifest …

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The U.S. Government will implement this Memorandum of Understanding through the Power Africa Coordinator’s Office, led by the United States Agency for International Development (USAID) Today, the Government of the United States and the Government of Israel entered into a Memorandum of Understanding (MOU) to advance the common goals of reducing energy poverty and increasing …

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Dangote cement price goes for online purchase In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc (http://APO.af/mCqnZz) has signed a pact with the foremost e-commerce platform Jumia Nigeria (www.Jumia.com.ng) to offer for sale its cement to customers online. At the …

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The Executive Secretary noted that by eliminating tariffs the CFTA can boost intra-African trade by 52% and that by reducing non-tariff barriers it can be doubled, benefiting African welfare to the tune of $22 billion The Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, made a case for the Continental Free Trade …

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HEINEKEN makes $100 million investment HEINEKEN (www.theHEINEKENcompany.com) today laid the foundation stone of its first brewery in Mozambique in the presence of His Excellency Mr. Max Tonela, Minister of Trade and Industry. This new brewery, incorporating the latest technologies, represents a $100 million (€85 million) investment. Located in the province of Maputo, between the Marracuene …

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By Ehiedu Iweriebor The Dangote Group of Nigeria, one of the pre-eminent industrial conglomerates in Africa, in pursuit of its pan-African development and emancipation strategy, on November 23, 2017 formally launched its newest economic development industrial project, the Dangote Cement plant in Mfila, in Congo-Brazzaville. With this $300 million dollars, 1.5 million metric tonne per …

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The funding will benefit 175,000 people over six months in Somalia and will allow UNICEF to sustain and upscale its emergency sanitation and hygiene work in settlements The Government of Japan has provided generous funding in an Emergency Grant Aid, to support UNICEF’s ongoing lifesaving work for women and children hit by the devastating drought …

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The 66-year-old business magnate has persistently championed the causes of women in Nigeria from her work with widows and orphans Folorunso Alakija, one of a handful of successful female entrepreneurs on the continent listed as one of Forbes most powerful women in the world, attended the Africa conference. The 66-year-old business magnate has persistently championed …

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