Africa Business Sentech Africa Tech Week 2022 made its fourth consecutive appearance this year, providing a platform where 5,000 attendees came together – in person and virtually – to learn, be inspired, and meet those in the industry who are making a remarkable impact on solving Africa’s unique challenges. Held at the Cape Town International…
Staff Writer, ZAWYA Nigeria is heading for “stagflation” as inflationary pressure, forex challenges and weak revenue generation have severely strained the economy, according to the Lagos Chamber of Commerce and Industry (LCCI). In a statement titled, the chamber’s Director-General Chinyere Almona said that stagflation chances were high despite the economy recording an impressive recovery from the…
Staff Writer, Arab Finance Amazon Egypt’s General Manager Omar El-Sahy and CEO of General Authority For Investments (GAFI) Mohamed Abdel Wahab discussed the expansion of the company’s investments in Egypt, according to an official statement on September 14th. The discussion included plans to increase Amazon’s delivery stations in Egypt to 23 by the end of 2022….
Reuters Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, the canal authority’s chairman Osama Rabie said on Saturday. Transit fees for bulk and tourist ships will be raised by 10%, Rabie added. The fee increase will be applied starting Jan. 1, 2023.
Timothy Obiezu ABUJA, NIGERIA — U.S. special envoy on climate John Kerry has pledged U.S. support to help Nigeria mitigate the effects of climate change, saying Africa’s most populous nation would benefit from a $12 billion fund for climate action. Kerry began a two-nation West Africa visit Monday in the Nigerian capital, where he met with…
By AP With monkeypox cases subsiding in Europe and parts of North America, many scientists say now is the time to prioritize stopping the virus in Africa. In July, the UN health agency designated monkeypox as a global emergency and appealed to the world to support African countries so that the catastrophic vaccine inequity that plagued…
By XINHUA Nigeria’s inflation rate rose to 20.52 percent in August, the highest since September 2005, according to data released Thursday by the government statistics agency. Nigeria’s consumer price index, a main gauge of inflation, soared about 3.5 percentage points from 17.01 percent recorded in August 2021. “This shows that the headline inflation rate increased in…
Annika Hammerschlag DAKAR — More than 50 African environment ministers are gathering in Senegal this week for the African Ministerial Conference on the Environment. Plastics and the harmful burning of waste are high on the agenda. The conference is taking place in the wake of major flooding and drought throughout the continent, which have aggravated food…
Staff Writer, The East African Nairobi has been ranked fifth in terms of the number of dollar millionaires in Africa in a report by research firm New World Wealth and Henley & Partners. The latest Henley Global Citizens Report, which tracks private wealth migration trends worldwide, shows Nairobi has 5,000 high net worth individuals (HNWI) with…
Khaleej Times There was a time, not so long ago, when an HIV diagnosis was a death sentence. Aids, together with tuberculosis and malaria, killed millions of people and overwhelmed health systems worldwide — especially in Africa. But the world came together and fought back. The Global Fund to Fight AIDS, Tuberculosis, and Malaria, established…
