AFRICA

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Ugandans of Asian origin contribute to 65% of tax revenue

New research shows that Ugandans of Asian origin are helping to drive the economy -- despite being forced out under President Idi Amin's regime. In 1972 Asians living in Uganda were given a ninety day...

Kenya and Tanzania agree to lift trade restrictions

Kenya has lifted restrictions on wheat flour and cooking gas imports from Tanzania, which has in turn allowed milk and cigarettes from Kenya, local media, the Daily nation reports. The Minister of Foreign Affairs and...

Chinese firms emerge as top player in Ethiopia’s investment landscape

Chinese companies, with close to 379 projects that were either operational or under implementation during the past five years, are on top of Ethiopia's investment landscape both in number and financial capital, an official...

Nigerian launches a pan-African radio for kids

A Nigerian, Rotimi Ogunjobi, launched an internet radio targeting Nigerian and African children, reports NAN. Auntie Mo Kids Radio, is an educative and entrainment station for kids, the ones still in kindergarten to the ones...

Uganda and Tanzania sign an agreement on transportation

Uganda and Tanzania have signed a Memorandum of Understanding (MoU) on cooperation and improvement of ports and inland waterways and railway transport services. The cooperation between the two nations will see Uganda, which is a...

Air Zimbabwe sacks half its workforce

Air Zimbabwe has released almost half its workforce in able to stay in the air. Local media reported that the company laid off 200 employees, amid an ailing national economy which has halved since 2000. "We...

200 fired as Air Zimbabwe restructures

Air Zimbabwe (AirZim) has retrenched 200 workers as it restructures in order to stay afloat, reports the Herald. “We have retrenched 200 employees out of 424 employees and those who were affected are going with...

Egyptian government working to end Saudi ban of its strawberries

Egypt is currently working to end a Saudi ban on imports of its strawberries that has just taken effect in the middle east country. The agriculture ministry is in talks with Saudi officials to resolve...

ECOWAS leaders meets in Abuja to discuss investment in mining

Mineral rich members from the west African economic block ECOWAS are meeting in Nigerian capital Abuja to cement partnership in order to boost earnings from the industry. The event is coming ahead of ECONEC’s Needs...

Tourism greatly boosting African economies

A new reports suggests that tourism in Africa is boosting the continent’s economy and handing millions jobs. The U.N. Conference on Trade and Development’s annual Economic Development in Africa Report projects continued robust growth in...