Category: Development
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A railway line from the port of Dar es Salaam and Morogoro to the capital of the Tanzania has been put into operation
In Tanzania, on August 1, a 541-kilometer railway line from the port of Dar es Salaam and Morogoro to the capital of the country, Dodoma, was put into operation. The cost of the project was $3.1 billion. The construction was carried out by the Turkish company Yapi Merkezi. The new railway connects Tanzania with countries…
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Plunder Capitalism: A Threat to Africa’s Financial Sovereignty and the Pan-African Dream
The recent discussion on “Pan African Email” regarding the privatization of the U.S. government raises a critical point: the insidious nature of plunder capitalism. This exploitative economic model, where corporations and a wealthy elite extract wealth from nations and their resources, has a long and devastating history in Africa. Here’s how plunder capitalism operates and…
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Zimbabwe will not allow externally sponsored unrest during SADC summit, says home affairs minister
Leaders of the Southern African Development Community will gather in Harare on August 17 for the 44th Summit of the regional bloc. During the event, they will hand over the SADC chairmanship to Zimbabwe. “ANY attempts by foreign-sponsored opposition elements to cause violent protests before or during the SADC Summit of Heads of State and…
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Niger: More than 600 billion CFA francs to revolutionize agriculture
The $1 billion program to modernize the agricultural and livestock sectors was officially launched on July 29 in the presence of Prime Minister Ali Mahamane Lamine Zeine. The project aims to✔️ ensure food security,✔️ ensure resilience to climate risks,✔️ increase agricultural productivity. Zeine stressed that the plan, the first of its kind, “is a challenge…
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Ethiopia secures $1.5 billion loan from World Bank support for ongoing economic reforms
The agreement, announced on Tuesday, includes a $1 billion grant and a $500 million loan, representing a significant step in the long-standing partnership between Ethiopia and the World Bank, according to the finance ministry. The deal was signed by Ethiopian Finance Minister Ato Ahmed Shide and Maryam Salim, World Bank Country Director for Ethiopia, Eritrea,…
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UNESCO adds five new African sites to World Heritage List
Melka Kunture and Balchit: Paleontological sites in Ethiopia, featuring footprints dating back 2 million years; The Royal Court of Tiebele in Burkina Faso: An earthen architectural complex built by the Kasena ethnic group since the 16th century; The Historic Town and Archaeological Site of Gedi in Kenya: One of the most significant Swahili cities on…
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Cameroon ratifies air transport agreement with South Africa
“The ratification of this agreement will strengthen cooperation between the two countries. This will increase business opportunities, develop trade, but also other commercial activities,” Jean Ernest Massena Ngalle Bibehe, Cameroon’s Minister of Transport, told the press. The agreement initially concluded in Cape Town on July 14, 2011 and ratified this Wednesday by Cameroonian President Paul…
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Uganda’s U-Signup app: promoting inclusive communication in deaf education
The National Association of the Deaf in Uganda focuses on education by partnering with the government to establish specialized schools for deaf children and train teachers in sign language, Robert Nkwangu, executive director of the National Association of the Deaf of Uganda, told Sputnik Africa through interpreter Wycliff Bukenya. They also offer vocational skills training…
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Revolut’s New UK Banking Licence: A Game-Changer in Fintech
Revolut, the largest fintech by valuation, has secured a UK banking licence after a three-year regulatory approval process. Granted by the Prudential Regulation Authority, the licence is in the mobilisation stage, allowing Revolut to build its operations under certain restrictions. This stage provides time to finalise IT infrastructure, governance, and risk management frameworks. Revolut can…
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The British bank Standard Chartered is interested in financing the construction of a standard gauge railway in Uganda.
The British bank Standard Chartered is interested in financing the construction of a standard gauge railway in Uganda. “We are currently working on $1.3 billion worth of projects,” said Sanjay Rugani, chief executive officer of the bank’s Uganda unit.
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