Ayenat Mersie, Reuters News NAIROBI – The Ethiopian government and Tigrayan forces on Saturday signed an agreement laying out the roadmap for implementation of a peace deal that both sides reached in South Africa this month. Representatives from the Ethiopian government and the Tigray People’s Liberation Front (TPLF) have been meeting in Nairobi since Monday to…
Elias Biryabarema, Reuters News KAMPALA – Uganda is looking to borrow 500 million euros ($517.6 million)for budget spending through credit options including a possible eurobond issue, a finance ministry document shows. The proposed borrowing is likely to stoke fresh concern over Uganda’s ability to repay its rapidly expanding debt. As a percentage of gross domestic product,…
By Rédaction Africanews The sound of chirping birds drowns out the noise of passing cars near a school on the southern tip of Africa, where pupils plant cabbages, mix compost, and climb trees. South Africa’s first “green school” aims to raise a new generation of environmentally-conscious citizens, fostering children’s creativity and resilience in the face…
MILAN, Nov 9 (Reuters) – Stellantis (STLA.MI), on Wednesday said it would invest more than 300 million euros ($300 million) on Morocco’s Kenitra plant to double local production capacity. The car maker said in a statement after a meeting with government officials in Rabat that it would introduce a “smart car” platform at the plant, as…
By Nkechi OgbonnaBBC West Africa business reporter Twitter has fired nearly all its staff in Ghana, which was home to its only office in Africa. The firm “is re-organising its operations as a result of a need to reduce costs,” read Twitter’s email, seen by the BBC. The layoffs were part of a global staff…
By Rédaction Africanews with AP The presidents of South Africa and Kenya said Wednesday they have resolved a long-standing visa dispute and Kenyans will be able to visit South Africa visa-free for up to 90 days in a calendar year. South Africans already get free visas on arrival in Kenya, while Kenyans were charged and…
By Rédaction Africanews Thousands of public servants began a one-day strike in South Africa on Thursday over wage demands, professional organizations said. The work stoppage is being led by one of South Africa’s largest public service unions, the Public Servants Association (PSA), which has some 235,000 members. The dispute over public servants’ salaries flared up…
JOHANNESBURG, Nov 9 (Reuters) – South Africa’s Vodacom (VODJ.J) moved a step closer to a considerable expansion of its fibre footprint after the country’s telecoms regulator approved the transfer of Dark Fibre Africa’s licences to the mobile operator. Vodacom said last November it would pay 6 billion rand ($337.5 million) in cash and certain fibre assets valued…
Staff Writer, Reuters News JOHANNESBURG – Kenya’s sovereign dollar-denominated bonds rose on Wednesday after the International Monetary Fund (IMF) agreed in principle to release $433 million of funding, while Nigeria’s also chalked up gains amid improved emerging market risk appetite. Kenya’s 2032 maturity rose the most, up 1 cent to 79.635 cents in the dollar at…
Staff Writer, ZAWYA Nigeria will require $1.9 trillion to attain net zero by 2060, The Punch newspaper reported, citing a document on an energy transition plan. The country will have to spend $410 billion above the projected usual spending, translating to nearly $10 billion annually over the coming decades. The government plans to raise an initial…
