By Reuters South Africa’s rand advanced early on Monday, as the U.S. dollar nudged down from multi-year highs. At 0731 GMT, the rand traded at 17.0050 against the dollar, 0.34 percent stronger than its previous close. The U.S. dollar index, which measures the buck against six major peers, dropped 0.39 percent to 107.45. Economists at ETM…
By CGTN Africa Rwanda has said it is investing in transitioning from internal combustion engine buses to electric buses, a move expected to cement her ambition of curbing pollutant emissions from road traffic, local publication The New Times reported. The report said that the government is looking to incentivise investors by reducing electric tariff for charging stations to…
Reuters The United States and Kenya on Thursday launched a strategic trade and investment partnership to pursue commitments to boost economic growth, support African regional economic integration and deepen trade cooperation. The U.S. and Kenyan governments will start work within three months to develop a road map for engagement in areas including agriculture safety and…
By XINHUA Data released by the Ghana Statistical Service indicates that Ghana’s inflation rate rose to 29.8 percent in June, compared with 27.6 percent a month earlier. Government statistician Samuel Kobina Annim said the inflation rate for June was the highest reading since December 2003 and far above the target band of between 6 percent and…
By Halligan Agade Marathoner Lawrence Cherono, who was set to represent Kenya in the World Athletics Championships Oregon22 on Sunday has been provisionally suspended by the Athletics Integrity Unit (AIU) for overuse of a prohibited substance in an out-of-competition test on May 23, according to the AIU. AIU submitted that a sample collected from Lawrence Cherono…
By David Ochieng Mbewa Rwanda will host the headquarters of the African Medicines Agency (AMA), the African Union (AU) announced on Sunday. The decision was arrived at following a meeting of the Executive Council during the African Union Fourth Mid-Year Coordination Meeting in the Zambian capital Lusaka. The AMA will be the second specialized health agency…
AFRICA NEWS Merck Foundation (https://Merck-Foundation.com), the philanthropic arm of Merck KGaA Germany released the Fifth Episode of their TV program – ‘Our Africa by Merck Foundation’ at 2 pm on Sunday, the 5th of June 2022 on GH One, Ghana, repeated at 1:30 pm on Monday; the 6th of June. The rest of the 15 episodes will…
By Patrick Werr Once known as a graveyard for tanks, an Egyptian mudflat east of the Suez Canal is being reclaimed for what its backers hope will be a vast industrial zone producing goods for export and the domestic market. The East Port Said Industrial Zone sits on the Mediterranean Sea, 7 km (4 miles) away…
Reuters Egypt’s annual urban consumer inflation slowed to 13.2% year-on-year in June from 13.5% in May, data from the state statistics agency CAPMAS showed on Thursday. Month on month, headline inflation eased 0.1%, compared to a 1.1% increase in May. The sharpest annual price increases were in the food and drink, recreation, and restaurant and…
Reuters JOHANNESBURG, July 7 (Reuters) – Africa’s top public health body said on Thursday it had signed a memorandum of understanding with Pfizer (PFE.N)for countries on the continent to receive supplies of the Paxlovid pill to treat COVID-19. Data from a mid-to-late stage study in November last year showed the antiviral medication was nearly 90% effective…
