Tag Archives: markets-allafrica

Kenya: Krc Releases Cargo Charges for Mombasa-Nanyuki Line 

[Nation] The Kenya Railways Corporation has come up with freight rates as it prepares to begin operations on the revamped railway line to Nanyuki town.According to the corporation, cargo transporters will pay Sh4,720 per tonne from Mombasa to Nanyuki while cargo from Athi-river to Sagana will incur a fee of Sh846 per tonne.For the down direction, general car […]

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Tanzania: GDP Soars Under JPM Tenure 

[Daily News] TANZANIA’s annual adjusted GDP rose by 76.5 per cent during the last four years of President John Magufuli’s administration, according to an estimate announced by the Chief Government Spokesman, Dr Hassan Abbasi.

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Africa: Covid-19 Puts Extra Strain On Continent’s Supply Chains 

[DW] Poor infrastructure, logistical hurdles and high prices are some of the challenges that have long affected Africa’s food supply. With border closures and night curfews, the pandemic has exacerbated these problems.

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Africa: Would Heading the WTO Be a Poison Chalice for Africa? 

[ISS] The sudden resignation of the World Trade Organization’s (WTO) director-general, the Brazilian Roberto Azevêdo, has created both opportunity and challenges for Africa. Of the eight candidates to replace Azevêdo, three are African: former Nigerian finance minister Ngozi Okonjo-Iweala; former Kenyan foreign minister and WTO General Council chairpers […]

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Shoprite to Pull Out of Nigeria 

[Premium Times] South Africa retail giant, Shoprite, has announced the commencement of a formal process to discontinue its operation in Nigeria.

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Nigeria: Shoprite Debunks Exit Rumour, Says We Are Not Leaving Nigeria 

[Vanguard] Shoprite Nigeria has debunked the story making the rounds that it intends to close shop in Nigeria.

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Tanzania Expects Economic Growth Post Covid-19 

[The Exchange] While most other East African countries are expected to fall into a recession for the remainder of the year, Tanzania’s economy is actually expected to grow.

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Angola: Angola, Opec Strengthen Market Stability 

[Ethiopian Herald] Angola discussions that took place last week is a major pillar of the strong dialogue and cooperation between OPEC and African producing nations. The Chamber welcomes these discussions and encourages more collaboration as Angola and others will benefit from market stability, according to Apo group.

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South Africa: Citizens Push Back Against 5G Towers in Their Backyards 

[Thomson Reuters Foundation] The government has proposed a policy allowing mobile network operators to erect cellphone infrastructure on private property

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Kenya: U.S. Issues Safety Alert for 10 Kenya Airways Boeing Planes 

[Nation] Kenya Airways will be forced to inspect afresh the engines of its 10 Boeing 737 New Generation aircraft after the US aviation regulator warned that they could stall mid-air after being grounded for months.

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Kenya: Nairobi Govt Sues Treasury Chief for Allocating Funds to Metropolitan 

[Nation] The Nairobi County government has moved to court seeking to stop Treasury CS Ukur Yatani from disbursing funds to the Nairobi Metropolitan Services (NMS).

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Kenya: Kenya Airways Resumes Local Flights 

[Nation] National carrier Kenya Airways (KQ) has resumed local flights today.

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Zimbabwe: No Nurses to Care for the Sick As COVID-19 Cases Surge 

[RFI] Imagine you’re in a country standing on the brink of coronavirus. More than 1,000 confirmed cases. Twenty deaths. You know the full force of the pandemic is coming — because it’s already hit the country next door. Your hospitals are marginally better prepared than they were in March. But only marginally: still less than 100 ventilators for a […]

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Kenya: Half of Kenya Power Directors Quit 

[Nation] Five non-executive directors of Kenya Power, representing half of the board, on Monday resigned without the electricity distributor announcing their replacement.

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Africa: ‘Tax Us’ – World’s Super-Rich Call for Wealth Tax to Fund COVID-19 Relief 

[Thomson Reuters Foundation] New York — A group of 83 millionaires called for a permanent wealth tax to fund coronavirus relief efforts

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