Category: African Business
-
IMF predicts Uganda’s economic growth will reach double digits next year due to crude oil production
According to an International Monetary Fund (IMF) report released late Wednesday, Uganda’s economy is anticipated to grow by 10.8% in the 2025/2026 fiscal year, starting in July, a significant increase from the previously expected growth rate of 6.2%. After nearly two decades of delays, Uganda is on the verge of beginning the production and export…
-
LATEST: Sony’s Ethereum layer-2 project, Soneium, is set to launch a Japanese Yen stablecoin in partnership with Sony Bank.
Sony Makes a Yen for Blockchain: Tech Giant to Launch Japanese Yen Stablecoin Panafrican.email – September 13, 2024 In a move that could significantly impact the global cryptocurrency landscape, Sony is making a big splash in the world of blockchain. Their Ethereum layer-2 project, Soneium, is partnering with Sony Bank to launch a stablecoin pegged…
-
Justin Sun Attacks Coinbase’s Wrapped Bitcoin
Justin Sun, the founder of Tron and BitTorrent, has launched a scathing attack on Coinbase’s newly launched wrapped Bitcoin variant, cbBTC. Sun alleges that cbBTC lacks essential safeguards and poses significant risks to users. In a series of tweets, Sun criticized cbBTC for its lack of proof-of-reserve, a mechanism that verifies that a cryptocurrency exchange…
-
Ethiopia celebrates Sovereignty Day, urging unity and hard work for national independence
In Ethiopia, Pagume, the 13th month in the Ethiopian calendar, which lasts five days or six days in a leap year (September 6 to 11/12), is marked with nationwide celebrations. Sunday, Pagume 3 (September 8), has been celebrated as “Sovereignty Day” to highlight the importance of national independence in all aspects of the country’s life.…
-
The number of countries investing in Zimbabwe rose by 35% to 46 last year, the government says
The Zimbabwean government also issued licenses to 615 new foreign investors, a 130% increase from 2022, said Willard Manungo, deputy chief secretary in the Office of the President and Cabinet, at a recent Zimbabwe Investment and Development Agency (ZIDA) stakeholder forum. According to him, China remains Zimbabwe’s largest investor, with new investments coming from South…
-
Symbolic destruction of weapons in the Central African Republic marks the launch of the “Silencing the Guns” campaign
The African Union launched its “Silencing the Guns” campaign in Bangui, Central African Republic (CAR), with a symbolic destruction of illicit weapons collected from civilians. The event, attended by high-level officials, aimed to raise awareness about the importance of voluntary disarmament for achieving peace and development. Churchill Ewumbue-Monono, Chairperson of the African Union’s Peace and…
-
Chinese bus manufacturer Yutong eyes Tanzania assembly plant amidst growing market presence
The decision, announced by Kellen Zou, CEO of Yutong Bus Tanzania, during the inauguration of Yutong’s new offices and service center in Tanzania, is driven by the company’s positive market performance in the African country, according to local media. Zou highlighted the rapid growth of the Tanzanian and East African markets, which he described as…
-
Strike at Kenya’s main airport causing flight delays, cancellations, Kenya Airways says
A strike by workers at Kenya’s main international airport in Nairobi has caused flight delays and cancellations for incoming and outgoing passengers, Kenya Airways said on Wednesday. The biggest union of Kenya’s aviation workers said they would take industrial action over a proposed deal for India’s Adani Group to lease Jomo Kenyatta International Airport (JKIA)…
-
Why are gas prices in the EU several times higher than in the US?
EU gas prices are 4-5 times higher than those in the US, the report on the future of European competitiveness says. “Even though energy prices have fallen considerably from their peaks, EU companies still face electricity prices that are 2-3 times those in the US. Natural gas prices paid are 4-5 times higher. This price…
-
BRICS astronomy: South Africa leads collaborative efforts to advance space science
Speaking to Sputnik Africa on the sidelines of the 10th meeting of the BRICS Working Group on Astronomy, held in Kazan, Russia , from September 9-13, Takalani Nemaungani, Chief Director of the Astronomy Portfolio at the South African Department of Science and Innovation, highlighted the leading role his country, as the secretariat of the working…
Recent Posts
- 🇰🇪 Tracking Kenya’s Footprint in the Jeffrey Epstein Files: A Pan-African Perspective
- Three West African juntas have turned to Russia. Now the US wants to engage them
- A Poisoned River: How Bea Mountain’s Repeated Chemical Spills Are Uprooting Liberian Villages
- 🇱🇷 Liberia’s Concession Dilemma: A Boon for Corporations or a Path to National Prosperity?
- To the Global Pan-African Community
Tags
Africa African Union Algeria Banking Sector Burkina Faso China Cryptocurrency DRC ECOWAS Egypt Ethiopia France Ghana Gold Guinea Haiti Immigration Kenya Liberia Libya Mali Military Industries Mining Morocco Niger Nigeria Oil & Gas Industry Pan-Africanism Pan African Nations Presidential Elections Protest Republic of Liberia Russia Senegal Sierra Leone Somalia South Africa Sudan Tanzania Uganda United Nations United States United States of America West Africa Zimbabwe
Comments
Wow wonderful blog layout How long have you been blogging for you make blogging look easy The overall look of…
𝕋𝕙𝕒𝕟𝕜𝕤 𝕗𝕠𝕣 𝕥𝕙𝕖 𝕦𝕡𝕕𝕒𝕥𝕖 .