Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

A new project has just delivered street lighting to downtown Bujumbura, extending commercial hours and personal safety. The switch-on is part of a deal between the capital of Burundi’s Mayor Freddy Mbonimpa and Gigawatt Global, a founding member of US Power Africa’s Beyond the Grid programme. Solar-powered ‘light islands’ began appearing in the heavily-trafficked central bus station and nearby marketplace.…

Rwandan President calls for more intra-African trade

Rwandan President calls for more intra-African trade

Rwandan President calls for more intra-African trade

Rwandan President Paul Kagame has called for greater intra-African trade to help African economies out of economic difficulties. He suggested the problems facing many countries “should drive us to urgently increase trade with each other, invest more within our countries and regions, and build joint infrastructure, in order to better facilitate the movement of people and goods within Africa.” Speaking…

Piracy attacks increase in first quarter 2017

Piracy attacks increase in first quarter 2017

Piracy attacks increase in first quarter 2017

Marine piracy increased in the first quarter of this year compared to the same period of 2016, as piracy hotspots continued off Nigeria and around the southern Philippines, according to statistics from the ICC International Maritime Bureau (IMB). Piracy and armed robbers targeted a total of 43 ships in the first quarter of 2017, up from 37 incidents during the…

Kenyan insurer expands into Tanzania

Kenyan insurer expands into Tanzania

Kenyan insurer expands into Tanzania

Resolution Insurance has expanded from its Kenyan base into Tanzania, following private equity investment. As part of the expansion, it has signed a deal with SSP to provide an IT system to underpin its expansion plans. Resolution said its vision is to become the recognised leader and preferred provider of insurance services in Africa, with extended access to insurance for…

Uganda set to grow above regional average

Uganda set to grow above regional average

Uganda set to grow above regional average

One analyst reacting to the Uganda Budget 2017/2018 is confident growth will continue above the regional average. Alisa Strobel, senior economist, IHS Markit, sees the government’s effort to curb domestic borrowing in the near to medium term as necessary. However, she said: “Ongoing domestic borrowing competes with the private sector and could lead to an unfavourable crowding out effect. “Additionally,…

Risk managers warned of threats to Ethiopian cotton supplies

Risk managers warned of threats to Ethiopian cotton supplies

Risk managers warned of threats to Ethiopian cotton supplies

Clothing industry experts may have identified east Africa as the industry’s next major sourcing location but risk managers have been warned there are plenty of challenges in some east African countries, which could threaten supply chains. These forecasts often single out Ethiopia as the most attractive investment prospect. The government espouses a ‘dirt to shirt’ policy and the country boasts…

Election fever growing in east Africa

Election fever growing in east Africa

Election fever growing in east Africa

Elections in Kenya and Rwanda are entrenching democracy, as Steve Mbogo reports Rwanda and Kenya will hold elections in August. But unlike for Rwanda, it is a bad season for Kenya as elections make everyone anxious and uncertain, with the consequences being reduced momentum of economic growth. A history of election-related violence is the cause. It is not a misplaced…

Power deal for Uganda and Sudan

Power deal for Uganda and Sudan

Power deal for Uganda and Sudan

Siemens has signed a memorandum of understanding (MoU) to work more closely with the African countries Uganda and Sudan in terms of power supply, industry, transport and healthcare. The African states signed the MoU at the World Economic Forum 2017 in the South African city of Durban. “Africa’s economies are gaining ground and can develop their full potential with the…

US forces warn Somali piracy resurgence driven by famine

US forces warn Somali piracy resurgence driven by famine

US forces warn Somali piracy resurgence driven by famine

Risk managers involved in the marine sector and those with goods transiting the Horn of Africa have been warned famine is fuelling a resurgence in Somali piracy activity. Last week more than 225 attendees from various organisations participated in the first US Africa Command Chiefs of Defense (CHoD) conference.  Besides Africom senior leadership were representatives from 42 African countries, 35…

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