Posts in category

African Economy


  Written by: Meshack Masibo Africa is a country filled with vast and rich mineral resources. But when it comes to monetary wealth, Africa has most of the poorest countries in the world. International Media is awash with stories that depict the high poverty levels within the continent. However, despite what a lot of the …

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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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