Britain Offers its Support for Zimbabwe's Re-entry into the Commonwealth
Britain has said that it will support Zimbabwe’s re-entry into the Commonwealth, 15 years after the country left the bloc. UK’s foreign office said it would support President Mnangagwa’s bid [...]
South African Govt Cancels Auditing Contracts with KPMG Over Ethical issues
South Africa’s auditor general (AG) has announced that it has terminated the government’s auditing contracts with auditing firm KPMG. The company has been carrying out public sector audits on behalf [...]Tanzanian Govt Introduces Pre-Paid Services in Home Gas Supply
The Tanzanian government has begun a pre-paid services project to supply liquefied natural gas (LNG) to homes across the country. The project, which is in the pilot phase, aims to [...]Bank of Uganda Launches Automated Cheque Clearing System
The Bank of Uganda (BoU) launched a new automated clearing system that began operations on April 20, 2017. The system offers a fully automated clearing house with cheque truncation abilities. [...]Tanzania Acquires Third Aircraft in Plan to Revive National Carrier
Tanzania has acquired the third plane out of the 6 planes expected to revive the national carrier. The aircraft is a Bombardier Q-400 which arrived at the Julius Nyerere International [...]DOB Equity Invests in Rwanda's Sarura Commodities
DOB Equity, a Dutch family-backed impact investor, has made its first investment in Rwanda’s Sarura Commodities. The funds will help the grain trader to improve its storage infrastructure, promote its [...]Dangote and Masiyiwa Agree that Persistence is Key in Doing Business in Africa
Two of the top businessmen in Africa, Strive Masiyiwa and Aliko Dangote, agree that persistence is key to doing business on the continent. The two businessmen have conquered a lot [...]Air Transport Union to Take Industrial Action Against KQ Over Sacked Nigerian Workers
Nigeria’s National Union of Air Transport Employees (NUATE) plans to take industrial action against the management of Kenya Airways (KQ) after the latter fired 22 Nigerians. According to Olayinka Abioye, [...]Tanzania's Economy Grows by 7.1% in 2017
Tanzania’s Prime Minister Kassim Majaliwa has said that the country's economy grew by about 7.1 percent last year, surpassing the revised government forecast. He attributed the economic growth to increased [...]Tanzania's Pension Funds Merged into Two Entities to Reduce Costs
Tanzania’s president, John Magufuli, signed into law the Public Service Social Security Act, 2018 which joins all pension funds into two major entities. Under this act, the entire labour force [...]Uganda signs deal to construct $4 billion refinery
The Government of Uganda has successfully signed an agreement with a consortium of American and Italian firms to finance and construct a US $4-billion refinery in the country’s Hoima district. [...]
China to Build New ECOWAS Headquarters in Abuja for Free
The Commission of the Economic Community of West African States (ECOWAS) has signed a Memorandum of Understanding (MoU) for a 31.6 Million Dollars grant with the Government of China in view [...]
