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Economics at allafrica.com

Thursday, Apr 18

15

Malawi: Malawians Are Asking - Why Has the U.S. Not Banned Chilima As He Is Also Answering Sattar-Related Corruption Cases?

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Social media is awash with questions with regards to the move that the United States of America (USA) government made on Wednesday to ban former Solicitor General and Principal Secretary for Justice Reyneck Matemba, former director of…

09

Africa: World Bank, AfDB Partner to Connect 300 Million Africans to Electricity By 2030

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The bank said 600 million Africans lack access to electricity, creating significant barriers to health care, education, productivity, digital inclusivity, and ultimately job creation

07

Africa: Africa Pushing Limits to Boost Renewable Energy Supply Chain, Security

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Abu Dhabi -- Investors, regulators, researchers, policymakers, and representatives of renewable energy companies, acknowledged the key challenges of shifting away from fossil fuels to renewable energy in Africa when they gathered in Abu…

Wednesday, Apr 17

13

Liberia: Who Leaked Weah's Assets Declaration Document?

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Liberia, like many other countries, has some form of asset declaration requirement for public officials, but the declared assets of most essential government officials are often kept confidential and are prohibited from being made public,…

09

Nigeria: Dangote Refinery Announces Reduction in Price of Diesel

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The company said the significant reduction in the price of diesel is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in the country

07

Africa: Development Finance - How It Works, Where It Goes, Why It's Needed

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Development finance is the invisible glue that connects public and private financing for projects that have social, economic and environmental outcomes. These include improved infrastructure, better waste management and sanitation,…

Tuesday, Apr 16

18

Somalia: Somalia's Finance Minister Engages in High-Level Talks in Washington

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Washington -- Somalia's Finance Minister Bihi Iman Cige is currently in Washington D.C. for the spring conference hosted by the International Monetary Fund (IMF) and the World Bank.

15

Nigeria: Govt Begins Allocation of Houses Under National Housing Programme

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The authorities say the first batch of the allocation process was concluded after a review of the conditions and procedures for sales of houses under the national housing scheme.

10

Kenya: Tea Worth Millions Unsold As Minimum Price On Older Stocks Reinstated

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Kenyan tea worth Ksh2.3 billion was withdrawn from the market in the latest sale as the Kenya Tea Development Agency (KTDA) instructed brokers to sell the beverage at the reserved price, resulting in traders rejecting millions of kilos of…

Monday, Apr 15

18

Nigeria: Prices of Garri, Akpu, Others Push Food Inflation to 40 Percent

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Nigeria's headline inflation rose to 33.20 percent, data from the National Bureau of Statistics has shown.

Nigeria: Nigeria's Inflation Hits 33.20 Percent Amid High Food Prices

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The food inflation rate in March 2024 quickened to 40.01 per cent on a year-on-year basis

15

Malawi: Exit Technobrain Enter E-Tech Systems As New Passport System Supplier to Malawi

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The days of TechnoBrain have finally come to an end. Welcome on-board E-Tech Systems--a local information and communications technology (ICT) firm--which Malawi government has engaged as the new passport system supplier to address the…

14

Nigeria: Naira Surges Against Dollar, Hits 5-Month High

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The Naira experienced a significant rally against the US Dollar, breaking through critical resistance levels to trade below N1,000 in some segments of the black market as of late Sunday.

Kenya: Single Online Portal to Enhance Ease of Doing Business Unveiled

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Nairobi -- Trade and Investments Cabinet Secretary (CS) Rebecca Miano today unveiled an online portal that seeks to enhance the ease of doing business in the country.

Liberia: Why Boakai Prevented Central Bank Governor From Traveling?

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Monrovia -- The Executive Governor of the Central Bank of Liberia, Alloysius Tarlue, will not be attending this year's World Bank Spring Meeting, due to a request from President Joseph Boakai that he remain in Liberia to assist with the…

Liberia: House Endorses Senate's Version of Wecc Resolution

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The House of Representatives has unanimously voted to accept the amended version of the Resolution to Establish the War and Economic Crimes Court (WECC) of Liberia by the Senate.

10

Zimbabwe: Govt Stockpiling U.S.$700 Million Ivory Due to Cites Ban On Ivory Trade

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The Government of Zimbabwe is sitting on ivory stocks worth over US$700 million due to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) ban on trade in the resource.

07

Kenya: Kenya's Cost of Living to Drop Further On Lower Food, Fuel Prices

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Kenya is poised for a sustained decline in inflation, propelled by a consecutive four-month downturn in fuel and food prices alongside a robust shilling, offering respite to consumers grappling with a soaring cost of living.

Saturday, Apr 13

22

Africa: Senators Risch and Coons Introduce Legislation to Renew U.S-Africa Agoa Trade Partnership

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Washington, DC -- U.S. Senators Jim Risch (R-Idaho), ranking member of the Senate Foreign Relations Committee, and Chris Coons (D-Del.), introduced the African Growth and Opportunity Act (AGOA) Renewal and Improvement Act of 2024today to…

07

Kenya: Moderna Pauses Plans to Build Vaccines Facility in Kenya

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American drugmaker Moderna said on Thursday, April 12, that it had paused its plans to build an mRNA vaccine manufacturing plant in Kenya as demand for vaccines in Africa falls.

Friday, Apr 12

18

Zimbabwe: RBZ Governor Assures Public On Financial Stability Amid ZiG Introduction

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Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has re-affirmed the Central Bank's commitment to financial stability in the country following the introduction of the gold-backed currency, Zimbabwe Gold (ZiG).

12

Africa: Libya Emerges Africa's Highest Oil Producer As Nigeria's Output Drops 6.8 Percent to 1.23 Mbpd

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Libya has emerged as the highest crude oil producer in Africa following the drop of Nigeria's output by 6.8 per cent to 1.23 million barrels per day in March 2024, from 1.32 bpd in February 2024.

10

South Africa: Who Ends Up Paying If Energy Dept Cooks the Price of Nuclear Power?

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It has been just over two (2) weeks since the deadline for comments on the Department of Mineral Resources and Energy's (DMRE) draft 2023 Integrated Resource Plan (IRP2023). T he Southern African Faith Communities Environment Institute …

07

Nigeria: Technology Makes It Easy for Lawyers to Work Across Borders - Regulations Should Too

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The rules of legal practice are highly localised. Every country sets rules that determine how lawyers qualify professionally and what they are allowed to do.

Thursday, Apr 11

17

Namibia: Health Ministry Allocates N$10 Billion to Address Expanding Populace

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The Ministry of Health and Social Services has unveiled plans to allocate N$10.9 billion toward meeting evolving health and social requirements in the nation.

16

Kenya: Kenya's Fuel Consumption Drops On Rising Fuel Prices

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Nairobi -- Kenya's fuel consumption and demand fell last year, the latest data from the Energy and Petroleum Regulatory Authority (EPRA) shows.

15

Kenya: Senate Energy Committee Orders Sakaja's Arrest for Frustrating Gas Blast Probe

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Nairobi -- The Senate Energy Committee has asked Inspector General of Police, Japhet Koome, to arrest Nairobi Governor Johnson Sakaja over failure to heed their summons.

Ethiopia: U.S. Senator Calls for Investigation into Killing of Opposition Member

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Addis Abeba -- U.S. Senator Ben Cardin, Chair of the Senate Foreign Relations Committee, has called for an impartial investigation into the recent killing of Bate Urgessa, a political officer with the opposition Oromo Liberation Front (OLF…

13

Kenya: UK Suspends 8% Global Tariff On Kenya's Cut Flowers

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Nairobi -- The UK has today removed an eight percent global tariff on Kenya's cut flowers, opening a huge market for local growers.

11

Rwanda: Africa's Merchandise Exports Forecast to Grow 5.3 % in 2024

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Africa is expected to record better growth in merchandise trade in 2024 with trade volume increasing by 5.3 per cent in the year from 3.1 per cent registered in 2023, the World Trade Organisation (WTO) has said in its latest global trade…