President Tinubu Hails Judgment by London’s High Court as Victory for Africa over Economic Malpractice
It also underlines the need for governmental transparency and due diligence in making contracts. In late October London’s High Court overturned an arbitration decision which had seen Nigeria liable for $11bn in compensation to a firm which the government insisted had acted fraudulently. The original case had been brought to London’s arbitration courts by Process […]
The Shift by Businesses Away from M-Pesa Payments is a Remarkable Turn
Small businesses in Kenya are increasingly rejecting mobile money payments in favor of cash as they look to sidestep aggressive tax compliance measures. The shift follows the deployment of 1,400 paramilitary-trained field officers by the Kenya Revenue Authority (KRA) across the country at the end of September. The field officers, known as Revenue Service Assistants, […]
A Critical Opportunity to Finance Plans to Protect and Restore Vital Forest Ecosystems
Leaders from countries with the largest tropical forest basins met this week in the Republic of Congo to work together to protect the forests from deforestation and destruction. Delegates from Brazil, Indonesia, Republic of Congo and dozens of other countries at the Three Basins Summit in Brazzaville are hoping to form a coalition of leaders […]
Burkina Faso has Revised its Mining Code to Enable it to Take more in Royalties
The West African nation increased the minimum royalty rate for spot price above $1,500 an ounce to 6% from 5%, the military government said in a decree seen by Bloomberg. The rate will rise to 6.5% for spot higher than $1,700 to $2,000 and further to 7% for spot above $2,000, it said. Gold output […]
Providing a Set of Resilient, Diverse Beans is Crucial for Africa’s Agricultural Development
A resilient crop that’s packed with fiber and minerals, beans are a vital source of protein for millions of Africans, and a key source of income for farmers. But climate change means this staple is under threat. Up to 60% of areas that grow beans in sub-Saharan Africa might not be suitable by the end […]
KFC has Announced it is Closing all its Restaurants in Lesotho
Lesotho’s government has banned all poultry imports from South Africa, which KFC says has “severely impacted” its supply of chicken. The country has been struggling to contain bird flu for several months and has culled more than seven million egg-laying hens – 20-30% of the country’s entire stock. Last week, neighbouring Mozambique slaughtered about 45,000 […]
More African Countries are Implementing Reciprocal Visa Waivers
Ghana and South Africa signed one which will take effect on November 1, 2023. The agreement allows travelers from both countries to transit through, depart from, and stay in the territory of the other country for up to 90 days without a visa, as long as they are not working. This is expected to boost […]
Ghana has Secured Critical Financing Support for its Climate Adaptation and Mitigation Endeavors
At the forefront of this support is the World Bank’s International Finance Cooperation (IFC), pledging funding to bolster Ghana’s implementation of diverse climate change initiatives. These projects aim to fuel sustainable growth, foster a habitable planet, and generate employment opportunities. Ghana, as the headquarters of V20 (the Vulnerable 20 Group), is poised to lead and […]
Weaning Nigeria Off Pesticides
For quite a while, Nigeria has been talking up its desire to end its reliance on oil money and earn more from other sources, especially farming. Its population of around 213m, the biggest in Africa, has some 37m hectares of fertile land. But it grows too little on it. Worse, some of its produce isn’t […]
El Salvador has Recently Introduced a $1,000 Fee for Travelers Coming from Africa
The country’s port authority has stipulated that travellers holding passports from India or any of the 50-plus African nations must pay this fee, with the collected funds allocated for the improvement of the country’s main international airport. The Government of President Nayib Bukele says it is working hard on modernization and expansion projects at the […]
