Proposed Hydrodam in Uganda Halted
Conservationists in Uganda have hailed a bipartisan decision to reject the government’s plan to construct a hydro-power dam at the country’s biggest tourist attraction. Lawmakers unanimously adopted a report by the 28 member parliamentary committee on environment on Thursday, rejecting the Ministry of Energy and Mineral Development proposal to build a 360MW at Uhuru Falls […]
Ghana Ponders How to Regulate Secondhand Clothing Market
Prior to the pandemic, American NGO the OR Foundation estimated about 15 million items of second hand clothing arrived weekly and that about 40 percent ended up discarded. That means aside from the livelihoods this trade supports, Ghana is burdened with discarding what the West doesn’t want. The coronavirus, which causes the COVID-19 disease, has […]
French Bank Connected to Funding War Crimes in Sudan
French prosecutors have opened an inquiry into banking giant BNP Paribas over claims of complicity in crimes against humanity, genocide and torture in Sudan. The International Federation for Human Rights (FIDH), which had filed a complaint against the French bank, announced on Twitter that an investigation had been opened. A year ago almost to the […]
SMEs in Tanzania Unite to Promote a Thriving Ecosystem
The Tanzania Startup Association has launched, bringing into existence an umbrella organisation to help promote the interests of the local ecosystem. Formed by various stakeholders within the startup ecosystem in Tanzania, including early-stage businesses, innovation hubs, social enterprises, and venture capital and private equity firms, the association has been launched in a bid to promote […]
Nairobi’s New Asset Management Firm for Remittances
Almost three million Kenyans living in mostly North America and Europe sent an estimated $3bn in remittances to Kenya last year, representing the largest source of foreign exchange for the country. While remittances are usually sent to families, direct investment is also common. Though studies have shown that difficult procedures, lack of information and informal […]
Recruitment Firm Connects South African Jobseekers to Jobs Using their Mobiles
South Africa was already in recession and struggling with record-high unemployment before the pandemic. In 2019, it had the world’s highest youth unemployment rate, at 56%, and Covid-19 has led to even more job losses. But Giraffe believes it can help those hit the hardest: unskilled and less educated workers. Founded in 2015 by Anish […]
An East African Bourse to Boost Local Investment
After nearly a decade in the works, Uganda, Tanzania, and Rwanda are speeding up plans to merge their stock markets electronically in a bid to ease the cost and time difficulties of cross-border trading. When completed, local investors will be able to buy and sell stocks across those three countries without the currently existing hurdles, […]
Time Magazine Lists Nigerian Billionaire Tony Elumelu among 100 Most Influential People in the World
The Time 100 is a list that celebrates people making impact in their respective field. Financial expert, entrepreneur, philanthropist and billionaire Tony Elumelu is one of 5 Africans on the list. As part of his profile for Time 100, fellow billionaire, Alike Dangote wrote a tribute about Tony for Time Magazine. Here’s an excerpt of what […]
Why South Africa should embrace flexible working
Why South Africa should embrace flexible working Before COVID-19, formal employment in South Africa was stable and increasing modestly. Then the pandemic hit. Like most countries affected by the COVID-19 outbreak, the South African Government introduced restrictions – in fact, they introduced some of the most stringent measures of any countries globally. Borders were shut, […]
From Migrant to Pop Star: Tresor Opens Up About His 4,000 Kilometer Journey to Fame
A life of hard knocks doesn’t begin to explain the history of Tresor, a highly acclaimed musician from the Democratic Republic of Congo. Facing adversity at pretty much every turn, the talented artist managed to overcome and set himself on a path to global stardom. Influenced by a host of African greats, his sound is […]
