Category archives for: Business

South Africa has three months to defend investment grade rating

PRINESHA NAIDOO South Africa is fighting to preserve its last remaining investment-grade credit rating and avert a forced selloff of billions of rand of its debt after Moody’s Investors Service gave it just over three months to get its finances in order. The ratings company cut the outlook of the nation’s Baa3 foreignand local-currency assessments, […]

How Will China React to Uganda’s Looming Debt Crisis?

Uganda is heading toward a debt crisis. According to a senior official at the Bank of Uganda, unless the country is able to sustain a growth rate of at least 7 percent—which economic projections show Uganda will not do—the country will default on its payments. As is the case for many African countries, China is […]

Africa Must Take Leading Role in Data Economy

by VERE SONGWE Technology has broken down barriers and ensured freedoms for millions in a way no other invention has before. At last month’s meeting of the UN General Assembly, 91 world leaders listened to US President Donald Trump rebuke China from inside the room, but hundreds of millions of people viewed the speech on […]

Rwanda Releases First Smartphone Made Entirely in Africa

Rwanda’s Mara Group has grand ambitions. The company hopes to help turn Rwanda into a regional tech hub, and it just got one step closer to completing that mission. This week, the company released two smartphones, earning Mara Group the title of the first smartphone manufacturer in Africa. Rwanda President Paul Kagame has announced Africa’s […]

Africa’s Digital Boom is Only Just Getting Started

by ACHA LEKE / TAWANDA SIBANDA Africa is digitizing rapidly – but this trend has been hidden from the view of many global investors and executives. For example, Africa already has 122 million active users of mobile financial services, more than half the global total, and smartphone connections and mobile data traffic are increasing rapidly. […]

Botswana Rolling Out Red Carpet for Investors

by POLOKO TAU Botswana has promised to roll out the red carpet for investors, urging them not to be discouraged by its small population from doing business in the country because decent returns are part of the package. Speaking at the official opening of the 14th Global Expo Botswana in the capital city Gaborone this […]

Kenya manufacturers’ lobby launches hub to boost small enterprises

Kenya Association of Manufactures (KAM) on Thursday launched a hub to foster growth of small and medium-sized enterprises (SMEs) through access to finance, markets and capacity development. Kenyan government officials and corporate executives who attended the launch of Manufacturing SME Hub said it will help address regulatory, capacity and financing bottlenecks that are to blame […]

NYC Yellow Cab Drivers’ Earnings Have Fallen 44 Percent Since 2013

by RUSCHELL BOONE Yellow cab drivers in New York City say they don’t need a study to tell them what they already know: the drop in fares over the last six years has been devastating. “You can see it every day. You can feel it, what going on,” one driver said. The New York City […]

Choosing Between Land Ownership Reform and Food Security

by SELLA ONEKO Farfell Coffee Estate is known in countries such as Sweden, France and the US for its products The farm employs 600 workers, exports macadamia nuts and sends 1,300 tons of avocados to France each season Its coffee is in demand in more than 50 countries around the world. For estate owner Richard […]

Swiss Company Seeks To Put Zimbabwean Coffee Back On The Table

Zimbabwean coffee was once highly regarded for its quality, a prince among East African coffees. In the late 1980s, Zimbabwean coffee farmers produced over 15,000 tonnes of coffee a year, according to the U.S. Department of Agriculture, placing it firmly among the top global coffee producers. Since the beginning of the 21st century, however, the […]

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