AFRICA

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International bans hurting Hawala operators

Remittance is a lifeline to more than 40% of the Somali population However a new research by aid agencies reveals that remittance by expatriates back to Somalia has been on a decline throughout the first...

Manufacturing Sector in Uganda enduring a falling currency

Uganda’s local manufacturers registered significant growth especially in cosmetics and steel sectors in face of the country’s economic slowdown and falling currency. With almost 90 percent of raw materials being imports and dollar being so...

Africa’s growth to drop this year

Africa’s economic growth will drop to 3.7 percent in 2015 from 4.6 percent in 2014 due to low commodity price, slowdown of growth in china and tightening of global financing conditions according to World Bank. Insufficient electricity...

South African Companies Going Eco-Friendly

South African companies are under pressure to use environmental friendly ways in producing their products Van Dyck Carpets has used over 8 million dollars to transform into a comprehensive recycling programme that uses recycled truck...

Plans in place to attract skilled African workers back home

Major African business and political figures say Africa is suffering from a 'brain drain' with skilled workers leaving the continent to work abroad. The World Bank says more African scientists work in the US and...

Lack of jobs leads to a rise of entrepreneurs in Nigeria

Rising unemployment has left many a young person in Nigeria, with limited options for a career. Many wait for often promised but rarely delivered jobs to be created in the public and private sectors,...

New initiative teaches convicts coding skills in South Africa

80 kilometers outside of Cape Town is the Worcester Correctional Centre, one of about 240 prisons in South Africa. Here, a group of inmates spend a couple of hours every week learning high-level coding. This...

Zimbabwe likely to access fresh debt in 2016

Zimbabwe could begin receiving financial support from the IMF again as early as next year. The IMF says the country has come up with a sensible strategy to clear debt arrears owed to multi-lateral...

South Africans’ love for chicken

South Africa fast food industry is dominated by chicken with chicken meals accounting for almost half of the 2 billion dollar market. Chicken consumption in South Africans has doubled in the last 20 years with...

Somalia’s Port Growth amid Relative Stability

With security steadily improving, Somalia's Port of Mogadishu is attracting more and more international shipping traffic and foreign investors. Somalia's major exports are large quantities of fruit and livestock. The reduced threat of piracy and improved security...