Economic news

Africa: BRICS Launches New Development Bank

Beijing — In July, nations known as the “BRICS,” Brazil, Russia, India, China and South Africa, announced the creation of a new, $100 billion development bank (NDB). The project is aimed at lending money to developing nations for investments, much like how the American and European-backed International Monetary Fund (IMF) and World Bank operate. Liu […]

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Mobile Phones: Africa is the fastest growing market in the world

late 2012, the World Association of Telecom operators said that sub-Saharan Africa has become since 2000, the most growing market in mobile telephony. 40% growth each year. With these data, it is expected one billion mobile subscribers on the continent in 2015, attracted by the strong demand for connectivity and innovative services like mobile money

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Africian Development Bank (ADB): Back In Ivory Coast

It is decided, even jurors: the African Development Bank (AfDB) finally returned to Abidjan after spending 11 years in a temporary headquarters in Tunis. Its president, Donald Kaberuka made ​​the announcement Tuesday at a press conference. “The security conditions are sufficient to settle permanently “ , he has reassured before announcing “the holding of first board Sept.

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Africa: Grand Vision for an African-Owned Drive on Food Security

Maputo — “Your granary will never be filled by your neighbour.” This is a Mozambican saying that was used by Graca Michel, member of International Panel of Elders and a former Mozambican minister of education, to illustrate the point that Africa cannot rely on outside help to achieve food security.

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UBA Launches One-Stop E-Payment Portal

E-commerce in Africa is set to receive a boost as United Bank for Africa (UBA) Plc has introduced an online payments and collections platform tagged U-bills. The online payment platform has been enabled in all the 19 countries where UBA has operations.

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Kenya: Road Connecting Ethiopia, Kenya Opens for Traffic

The Yabelo-Mega road that connects Ethiopia and Kenya has been inaugurated and is open for traffic. Speaking at the inauguration, Ethiopian Minister for Transport, Workneh Gebeyhu, said the road is one of several many projects underway in the country aimed at linking Ethiopia with its neighbors through infrastructure.

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How three students created Nigeria’s online jobs giant

Three students had time on their hands in the summer of 2009 when their university lecturers in Nigeria went on strike. Instead of slacking off, Ayodeji Adewunmi, Olalekan Olude and Opeyemi Awoyemi started an online job search company.

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Nigeria: Science Minister Wants Stakeholders to Promote Economy Driven By Innovation

The Minister of Science and Technology, Mr Abdu Bulama, has urged stakeholders in the sector to support the country in the promotion of knowledge-based economy driven by innovation. Bulama made this known at the inauguration of the Technical Advisory Committee of the Nigerian Building and Road Research Institute (NBRRI) in Abuja on Tuesday.

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Africa: On Trial – Agricultural Biotechnology in Africa

By Rob Bailey, Robin Willoughby and David Grzywacz Summary Increasing agricultural productivity and adapting farming to climate change are central to Africa’s development prospects. There are important opportunities to enhance yields and increase resilience through the adoption of improved crop varieties.

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