Business and Finance

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News

South Africa: Donkey Carts Stand Idle As Tourism Dies in Cederberg Village

[ad_1] Heuningvlei was devastated by flooding for two consecutive years but the residents are determined to keep their town alive For years, people in the remote village of Heuningvlei in the Cederberg have relied on tourism and subsistence farming. But devastating floods and heavy rains since 2023 have wreaked havoc on the roads and infrastructure. Popular donkey cart trails had to close for months. "Many tourists say it's the most beautiful place ... I agree. But to visit here and […]

todayOctober 21, 2024 3

Africa

African Port Growth Hindered By Poor Road, Rail Networks, Report Says

[ad_1] Nairobi, Kenya — Africa has seen the capacity of its ports grow significantly over the years, but a report from the Africa Finance Corporation says the expansions, upgrades and investments have not led to better inland logistics and supply chains. Since 2005, African ports have received an estimated $15 billion in investments, allowing them to accommodate larger ships and offload more cargo for transportation across the continent. According to the African Development Bank, port development has led to increased […]

todayOctober 21, 2024

News

Zimbabwe: Troutbeck Resort, the Gem of Nyanga

[ad_1] If you have not been to Troutbeck Resort in Nyanga, you have not been anywhere meaningful in the world. Troutbeck Resort in Nyanga, is home away from home and gives every discerning tourist that much needed ambiance of the Eastern Highlands. Surrounded by high mountain heath, cascading waterfalls, grey rocks and rivers chatting with crystal clear waters, the resort run by African Sun, is also known for it cool climatic conditions that are incomparable to any place. One of […]

todayOctober 19, 2024 2

Africa

Africa: To Shape Africa’s Pharma Future, Empower a Youthful Workforce to Lead the Way

[ad_1] As Africa grapples with the dual challenges of achieving health security and fortifying its health systems, recent health crises such as the Covid-19 pandemic, the Mpox outbreak, and the Marburg virus in Rwanda have underscored the urgent need for strategic investments. At the core of this endeavor should be a meaningful engagement of the youth in advancing local biotechnology and pharmaceutical manufacturing. Many African countries have recognized the imperative to boost local manufacturing capabilities. Rwanda, for instance, is home […]

todayOctober 19, 2024 3

News

Uganda: Aki-Bua Stadium Construction Still On Course – Ogwang Assures

[ad_1] The State Minister for Sports, Peter Ogwang has assured Parliament that the construction of the Aki-Bua Olympic Stadium in Lira district is still on course. His statement came after concerns were raised regarding the last-minute cancellation of the contract signing between the government and the Egyptian contractor, SAMCO National Construction Company, at State House. On Thursday, Ogwang clarified that the signing ceremony was postponed based on the Ministry of Finance's recommendation to further discuss the financing model, further emphasising […]

todayOctober 18, 2024 2

Africa

Africa Gets Its Chance to Lead the Commonwealth

[ad_1] Africa takes the reins for the first time in 20 years, but will the new secretary-general adopt a more assertive stance? The Commonwealth holds its biennial summit - the Commonwealth Heads of Government Meeting (CHOGM) - in Samoa next week, amid the perennial soul-searching about its relevance in 2024. It is a significant CHOGM as the 56 member states will elect a new secretary-general to succeed Britain's Patricia Scotland. And it is Africa's turn to get the secretary-generalship - […]

todayOctober 18, 2024 1

Africa

Africa: Internet Shutdowns – A Threat to Free Speech and Democracy in Africa

[ad_1] Internet shutdowns are a worrying trend in African countries, often justified during elections, protests, and periods of civil unrest, as measures to prevent the spread of misinformation or maintain public order. These actions violate the basic human right to free speech, silencing opposition and limiting democratic participation. Countries like Zimbabwe, Uganda, and Ethiopia faced Internet shutdowns during its polls, raising concerns. For example, during Uganda's 2021 elections, the government cut off Internet connectivity, leaving millions silenced. These actions not […]

todayOctober 18, 2024 1

News

South Africa: Tension High in Sharpeville Following Violent Protests – South African News Briefs – October 18, 2024

[ad_1] Tension High in Sharpeville Following Violent Protests Eight people were arrested in Sharpeville following the looting of spaza shops owned by foreign nationals, reports EWN. Police spokesperson Colonel Dimakatso Nevhuhulwi said that the situation remained tense, with public order police deployed to monitor the area. Nevhuhulwi confirmed that five people were detained for public violence, while three foreign nationals were arrested for possessing unlicensed firearms. The looting of foreign-owned tuck shops took place after a local businessman was fatally […]

todayOctober 18, 2024

Africa

Africa: How the World Bank and IMF Can Truly Drive a Clean Energy Transition

[ad_1] The financial institutions' current approaches to funding renewable energy projects are far too limited, rigid, and opaque. As ministers around the world gear up for annual meetings of the International Monetary Fund (IMF) and World Bank Group (WBG), on 21-26 October in Washington DC, climate will be high on the agenda again. Many discussions will centre on climate finance, while the World Bank is set to replace its Climate Change Action Plan (CCAP) and implement a new Corporate Scorecard. […]

todayOctober 18, 2024 1

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