Economie
Mugabe To Answer For Shady Diamond Deals
The committee has ordered Mugabe to face legislators over his previous pronouncements that the state had been deprived of at least $15bn in diamond revenue by mining companies.Mugabe said in March 2016 that the country was…
44 African nations sign pact establishing free trade area: AU
The African Continental Free Trade Area Agreement (CFTA ) could enter into effect by the end of this year following signing by 44 countries yesterday at the 10th extraordinary African Union Summit.Besides the…
Top bottled water brands contaminated with plastic particles: report
The world's leading brands of bottled water are contaminated with tiny plastic particles that are likely seeping in during the packaging process, according to a major study across nine countries published Wednesday. …
East Africa countries weigh options to power trains amid deficits
Tanzania is banking on the development of its vast gas find into electricity to increase its capacity and provide a dedicated electric line for the SGR network, once completed. Currently, the country’s available power…
Jacob Zuma: Former South African president faces corruption trial
South Africa's former President Jacob Zuma is to face prosecution for 16 charges of corruption relating to a multi-billion-dollar arms deal.The case centres on a 30bn rand ($2.5bn; £1.7bn) deal to modernise the…
How African countries will benefit from the ‘Single African Air Transport Market’?
In the just concluded African Union (AU) Head of State Summit that took place in Addis Ababa, Ethiopia, 23 countries including Rwanda launched ‘Single African Air Transport Market (SAATM)’ a project in line with the AU…
$100m fund a great boost for start-ups across Africa
When Brenda Amongin first started her online shop selling African art and crafts, she struggled to raise capital to grow the business. “I used my savings to buy materials but the money was not enough,” says…
Volkswagen to start Rwanda car assembly in May
The company said it planned to spend $20 million to start developing the assembly plant and ride-hailing service - part of a push into sub-Saharan Africa.Thomas Schaefer, chief executive of Volkswagen Group South Africa,…
Anxiety as thousands join job market
Kampala. As hundreds of Makerere University students celebrated completing their studies at the country’s prestigious institution yesterday, some were contemplating what awaited them in the labour market. Already, Ms Resty…
Bujumbura: Fuel shortage back with 2018
Fuel shortage is observed in Bujumbura city since Thursday. Only some gas stations in Bujumbura town are giving fuel. This lack causes long queues of vehicles waiting to be served on the stations where there is fuel.At the…
Five steps to setting your financial goals
The festive season is over and most of us are back to work and real life. What do your goals for this year look like? Setting tangible and realistic goals is an important step toward becoming financially secure. If…
Why African millennials can’t get enough of Bitcoin
Bitcoin's eye-watering price surge over the past year is proving too tempting to resist despite fears that cryptocurrencies are a bubble floating towards an inevitable burst. One group for whom it holds particular…
Coutinho close to record Barcelona transfer from Liverpool
There was a possibility of doing an advanced deal now ahead of 2018-19, but Barca and the 25-year-old have pushed for an immediate transfer Barcelona are finalising an offer in excess of €150 million to secure Philippe…
EAC set to miss another common tariff deadline
Negotiations on the proposed review of the Common External Tariff (CET) by the EAC are expected to start soon, with Kenya and Uganda differing on the treatment of sensitive products that require protection. The EAC Council…
Bujumbura and Bubanza provinces to be added to Bujumbura City by 2045
Burundi government in collaboration with UNDP and Singapore Cooperation plans to extend the city of Bujumbura by adding the provinces of Bujumbura and Bubanza.The new project “City Centre Urban , design proposal , Greater…
Macron announces billion-strong fund for African SMEs
France is setting up a billion-euro ($1.2 billion) fund for small- and medium-sized African businesses, President Emmanuel Macron announced Tuesday. Macron, visiting Burkina Faso at the start of his first African tour, said…
Kenya election: Kenyatta vows to overcome divisions
Uhuru Kenyatta has vowed to overcome Kenya's divisions after being sworn in for a second term as president, at a ceremony boycotted by the opposition.Speaking after his inauguration in the capital Nairobi, he said he would…
Passengers for Kampala may now pass through Kigali or Tanzania
Passengers from Burundi to Kampala are no longer obliged to pass through Tanzania. Since two months, travel agencies can also go through Kigali. It is a huge relief for traders and passengers. Shopkeepers sourcing from…
Burundi bans women from playing traditional drums
Burundi's president, Pierre Nkurunziza, has introduced strict controls over the country's renowned drumming rituals, banning female drummers and limiting the sacred tradition to official events. "It is strictly…
$ 600 million to improve central corridor infrastructures
The East African Community (EAC) and Central Corridor Transit Transport Facilitation Agency (CCTTFA) in collaboration with the World Bank will meet on 2 and 3 November .The aim will be to look into how the project on Lake…
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