Another Economic Win for Somalia
In a statement released by the Paris Club, which is run by senior officials from the French Treasury, Somalia’s creditors, including the US, UK, Russia, Norway, and Japan, announced the cancellation of $2bn owed to club members as of January 2023. The Paris Club said part of the debt would be waived on a “voluntary […]
A New Project in Kenya has Opted to Take its Energy Supply from Geothermal Sources
Kenya’s booming geothermal sector has hit another milestone with the signing of a memorandum of understanding between local data centre company EcoCloud and Abu Dhabi-based technology firm G42 to build a data centre that will run purely on geothermal energy. Speaking at the signing ceremony, which was witnessed by President William Ruto, EcoCloud’s CEO Amos […]
The Recipe for Transforming Tanzania into an Agribusiness Powerhouse
Globe-trotting billionaire Mo Dewji made a fortune in East Africa selling palm oil, rope, and soda. Now Dewji wants to grow his agribusiness empire – by orders of magnitude. He is seeking to invest $250 million, including $100 million of his own capital, to buy and mechanize 100,000 hectares of farmland in Tanzania. MeTL would […]
Ghanaian-Scottish Architect and Academic Received Top Honors from the Royal Institute of British Architects
Lesley Lokko challenges the discipline of architecture, even as shapes how the practice is taught. As a professor of design, she’s taught architecture students at universities in the US, UK and South Africa. The Ghanaian-Scottish architect is the founder and former director of the Graduate School of Architecture at the University of Johannesburg, and in […]
South Africa’s Tax Authorities Need to Keep Digital Nomad-induced Revenue Dilemmas in Check
In February 2022, when President Cyril Ramaphosa first announced that his administration was looking into creating a remote working visa, the idea was that making it easier for so-called digital nomads to temporarily relocate to South Africa would boost economic growth. Other countries wanting to capitalise on the Covid-induced rise in remote workers had already […]
Why is Inflation Rising in Nigeria while it has been Declining in other Parts of the World?
A development economist who has been studying the Nigerian economy for over four decades argues that the factors that are pushing inflation downward in other parts of the world are moving in the opposite direction in Nigeria. No single factor can adequately explain rising inflation and escalating food costs in Nigeria. Nigeria’s unprecedented inflation is […]
Getting Funding as an African Startup Founder is Hard. It’s even Harder when You’re a Woman
In 2023, startups with solo female founders or an all-female founding team raised only 2.3% of total funding in Africa. Meanwhile, 15% of the funding went to a founding team with at least one woman. In the previous year, both figures stood at 2.4% and 13%, respectively (data from Briter Bridges). The funding gap between […]
Saudi Arabia Wants to be a Minerals and Industrial Powerhouse to Africa
Riyadh aims to drastically expand its domestic mining sector but acknowledges that even with the potential riches under its soil — $2.5 trillion by its own estimation — it can only access certain minerals at home. So the kingdom plans to invest abroad, fashioning itself as a hub for refining, processing, and manufacturing based on […]
South African Agri-tech Startup swiftVEE has Expanded Rapidly since its Launch
Founded in 2019 and selected for the Google Launchpad Africa accelerator in the same year, swiftVEE initially conducted real-time online livestock and game auctions, operating in South Africa, Namibia, Botswana, and Zimbabwe. Since then, however, it has launched AuctionApp.IO, a white-label auction software business providing auction solutions to multiple auction industries, as well as PrysWys, […]
Crude Oil Dominated Ghana’s Exports to the UK
Ghana and the UK engage in a wide range of trade activities encompassing various sectors such as agriculture, manufacturing, services, and technology. Notably, Ghana exports commodities like coffee, tea, crude oil, and vegetables to the UK, while importing machinery, textile, and meat among others. The UK and Ghana’s bilateral trade volumes are steadily rising, according […]
