First Independent Mena Newspaper
China is using new hybrid logistics links or multimodal rail-sea lines to bypass cargo chokepoints in an effort to speed up trade with Africa, where it is the largest trading partner. New rail-sea hybrid transport options stretching from western China as far as Europe, which are speeding up goods movement to Africa, imply the belt […]
Agricultural automation can boost global food production and be a boon for small-scale farmers in developing countries, a new United Nations report has found. “The State of Food and Agriculture 2022“ report, just released by the UN Food and Agriculture Organization (FAO), says automation is rapidly changing the face of agriculture. New technologies, the authors […]
The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]
As the Southern African Railway Association (SARA) announced it is pushing ahead with the drafting of a regional railway master plan, Namibia State-owned freight utility TransNamib is engaging with the Development Bank of Southern Africa on the viability of the plan. During the SARA Rail Conference hosted last week, CEO and SARA Vice President Johny […]
Africa Continental Free Trade Area (AfCFTA) can only be successful if there is seamless movement of people, goods and services and a reinforced nexus with the continent’s industrialization so as to effectively realize Africa’s critical development aspirations. AfCFTA can only be successful if there is seamless movement of people, goods and services, according to Dr. […]
The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]
The 5th edition of the YouthConnekt Africa summit that ended in Kigali, Rwanda, on Saturday (15 October) was attended by thousands of young innovators and leaders from all across the world who discussed different ways to promote growth and advancement for the youth of the African continent. This year’s summit — on the theme “Accelerating […]
Zambia is hosting a two-day business summit in Lusaka this week to try to attract American investors to the country, in effort to diversify the economy and decrease dependence on extractive industries such as copper, according to Zambian officials. Moving away from dependence on extractive industries, which account for most of the country’s exports, is […]
India has halted all production at Maiden Pharmaceuticals’ main factory near New Delhi after a WHO report that the company’s cough syrups exported to the Gambia may be linked to the deaths of dozens of children there. The recent incident which has claimed the lives of 69 children, according to WHO, has come as a […]
Through its $1bn five-year investment plan, US tech giant Google wants to tap into the African concept of “Ubuntu”, which was originally meant to pivot pan Africanism. Proponents of Ubuntu philosophy, such as South African fallen cleric Desmond Tutu, see it as a universal bond of sharing that connects all humanity — in this case […]