Coronavirus: Trade in Africa recorded $5B financial outflow in first quarter of 2020
Despite tough global financial situation triggered by Covid-19 pandemic, there was massive portfolio outflows from Africa estimated to be above $5 billion in the first quarter of 2020. A new continent-wide survey on trade finance shows that over $3.1 billion left the South African market alone. South Africa is the...
Kenya’s President Kenyatta commissions new Equity-BCDC bank in Kinshasa
President of Kenya Uhuru Kenyatta on Wednesday commissioned the new Equity-BCDC in the Democratic Republic of Congo (DRC), a subsidiary of Kenya’s Equity Group Holdings Plc. President Kenyatta also toured the bank’s headquarters at the towering 18-floor Equity Centre in Kinshasa, which will also serve as the head office for...
Forest fires burn down historic South African library and plant collection
Forest fires raging in South Africa’s Table Mountain National Park have reached the University of Cape Town (UCT) and gutted the reading room of its main library, which houses irreplaceable documents and records from the country’s past. Amid apocalyptic scenes on April 18, fire tore through part of the 200-year-old...
Oil pipeline: Uganda, Tanzania have new policies to protect national interests
Facts and truth can be stubborn for those who believe foreign aid, begging and immigration to Europe should be the only way out for African youth. Of course, these jobs won’t all last forever. Many of them will involve construction or related activities, and these will naturally come to an...
Greenpeace, Western anti-Africa energy groups wrong on EA crude oil pipeline
If someone were to put me on the spot and ask me to name an environmentalist group, I’d probably blurt out the first thing that comes to mind, Greenpeace. There are obvious reasons for this: Greenpeace has been around for more than 50 years, and it has done a masterful...
Is British supermodel Naomi Campbell preparing to resettle in Kenya?
Away from the madding bigotry in what should be their native countries, Black people in diaspora are gradually but determinedly retracing their ancestors’ footsteps back to Africa. In the words of African-America film actress Mia Speight, there is a growing desire to live among people who look like them. Is...
Africa to fight vaccine ‘nationalism’ and ‘racism’ with own local production
Faced with financial, expertise and logistical hurdles in the race to control the rapid spread of coronavirus that has ravaged economies in Africa, political leaders and researchers on the continent have resolved to ramp up efforts to produce vaccines locally to fight the pandemic. The resolution was arrived at this...
US Congress in historic vote for slavery reparations bill after 32 years of trying
The US Congress made a historic step towards reparations of Black people when on April 14, 2021 a congressional committee voted on a slavery reparations bill, Human Rights Watch (HRW) says in its April report. The bill was approved, according to online newspaper Politico, which reports, “Wednesday night, the House...
Dear Presidents Museveni, Suluhu: Your ill-advised pipeline project only benefit Total
As you were signing the long-awaited contract that will finally allow the construction of the East Africa Crude Oil Pipeline – Africa’s longest crude oil pipeline – hundreds of young people, activists, environmentalists and ordinary citizens from all over the world, including representatives from East Africa, were gathered online for...
Africa’s oil and gas sector needs more investments to power its economies
In the past 12 months, the African energy sector has seen several encouraging developments – in the form of both Foreign Direct Investment (FDI) and strategic partnerships – that have advanced the sustainable development of its natural resources. In fact, despite a global downturn in investment in 2020, FDI flows...
