Category archives for: African News

World Bank warns global economy to slump if SSA doesn’t cut trade costs

VINCENT OWINO Sub-Saharan Africa (SSA) will need to cut trade costs by at least half to reinvigorate global trade which has been in decline since mid-last year, the World Bank has warned. The lender said world economy growth rate is set to slump to a three-decade low if nothing is done urgently to boost productivity, […]

Chinese envoy refutes allegations of “debt trap” in Africa

Xue Bing, Special Envoy for the Horn of Africa Affairs of the Chinese Ministry of Foreign Affairs, on Tuesday March 14, refuted the groundless cliche that China is creating a “debt trap” in Africa, calling it a narrative trap instead. Addressing media here in the Ethiopian capital, the special envoy said Africa’s debt burdens should […]

Côte d’Ivoire is the highest taxed country in the world

Are its citizens’ quality of life reflected in the high taxes they pay compared to other countries making the top of the ‘highest taxed countries’ list? FAUSTINE NGILA Côte d’Ivoire citizens pay the highest income taxes in the world according to this year’s survey findings by World Population Review. While both its sales and corporate […]

Kenya is running out of US dollars

The central bank has been using its US dollar reserves to try to cushion the shilling from further nosedives. That has created a dollar scarcity FAUSTINE NGILA Kenya is facing an acute foreign exchange crunch, with US dollar reserves dropping to their lowest in eight years as its currency keeps plummeting against major global currencies. […]

Citizenship-by-investment programs are on the rise in Africa

A growing number of African nations are looking to attract high-net-worth individuals by offering residence and citizenship through investment programs. SETH ONYANGO African economies looking to attract fresh investments are turning to innovative programs that offer residence and dual citizenship opportunities to investors with deep pockets. Migration investment programs allow people to purchase citizenship or […]

Nigeria’s Unbanked, Poor Get Reprieve After Court Rules Naira Deadline Unconstitutional

ABDULLAHI JIMOH          Nigerians confronted by hardships over the scarcity of the newly redesigned naira notes in conjunction with the country’s cashless policy introduced by the apex bank have had a last-minute reprieve from a policy that had disrupted their lives and exacerbated hunger. On Friday, March 3, 2023, the country’s Supreme Court temporarily suspended the […]

We Are Still Culturally Enslaved? – Sidia Jatta

ALI JAW Sidia Jatta, Gambian politician, academic and writer, said on Wednesday March 8, that Africans are still culturally enslaved. The former Wuli West representative at the National Assembly of The Gambia made the statement during a workshop convened by the African Academy of Languages (ACALAN) to discuss mechanisms for language policy development for The […]

As wheat prices rise, a food staple in the DRC gets reimagined

When the war in Ukraine disrupted wheat exports, University of Kisangani students set out to manufacture pasta with homegrown cassava ZTA AMWANGA Every morning, Madeleine Kombozi, 38, sets up a stall in front of the Institut Chololo, a technical school in the Makiso commune in the center of Kisangani in the Democratic Republic of Congo. […]

Why Zimbabwe’s schools have taken to selling chickens

A collapsing education system means head teachers must get creative The job of a head teacher involves hiring teachers, disciplining pupils and placating parents. It does not normally include selling chickens. But that was one of several side-hustles run by Evermore Chakwizira, who until last year was the head of Chinyika High School in Goromonzi, […]

Door of No Return: Yellen visits onetime slave-trading post

U.S. Treasury Secretary Janet Yellen paid a solemn visit Saturday January 21 to the salmon-colored house on an island off Senegal that is one of the most recognized symbols of the horrors of the Atlantic slave trade that trapped tens of millions of Africans in bondage for generations. Yellen, in Senegal as part of a […]

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