Wean and win: How can Uganda liberate herself from foreign aid dependency?
Unfortunately, foreign aid is not charity, although when leaders talk to convince the people that foreign aid is good, they submit it as if it is charity. Foreign aid is not charity, and as the CFI has shown, it has many strings attached. It is ethnocentric. And as I have frequently stated no foreigner gives you aid to help you more than he or she helps himself.
Wall Street’s ‘Magnificent Seven’ moment of truth arrives for richly valued technology to deliver robust earnings
Growth and tech companies are seen as being more vulnerable to higher yields, as their typically robust projected future cash flows are valued less highly when investors can earn more from risk-free government bonds.
Kenya’s shilling, Nigeria’s naira tumble as Ghana’s cedi and Tanzania’s shilling hold firm against US dollar
Nigeria’s naira could ease in the coming week on the official and parallel markets after the currency hit record lows amid a central bank pledge to boost dollar supply in the market, which is yet to materialise.
Africa told to review management of its resources to avoid adverse socio-economic consequences
Historically, Bruyninckx said Africa has been an exporter of resources, but in a deeply unsustainable way. He said going forward, the continent is expected to play a significant role in the energy transition and information technology that the world relies on for smart solutions.
Delegates at AEW meeting say oil pipeline connectivity is key to critical minerals economy
The Southern Africa Development Community (SADC) has seen an increase in oil and gas potential, with new discoveries in Namibia and first liquefied natural gas exports in Mozambique.
BBC reputation suffers again after it emerges its presenter sent offensive texts to second young person
A crisis at Britain’s BBC over alleged payments by an unnamed star to a young person for explicit images deepened on Tuesday when its news division reported that the male presenter had sent abusive messages to a second person, aged in their early 20s. The new revelation came after the...
Spotlight turns on African Energy Week as actors in oil industry focus on Angola’s mining sector
Kicking off the session, heavy weights from Angola’s oil and gas sector, including representatives from the country’s National Oil Company (NOC), Sonangol; independent regulatory agency, the National Agency for Petroleum Gas and Biofuels (ANPG); and integrated energy company, Etu Energias, provided keynote speeches, showcasing the immense potential of the country’s oil and gas play.
Radio, TV schedules in US feeling the heat as Hollywood actors and scripters stay off screen
Thousands of Hollywood film and television actors voted to strike on Thursday, joining writers who walked off the job 11 weeks ago. How will a walkout by the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) affect viewers’ favourite shows and movies? A walkout by...
African Energy Week award winners announced at gala dinner and award ceremony in Cape Town
Celebrating individuals who have demonstrated exceptional leadership, innovation and impact in Africa, the 2023 AEC Lifetime Achievement Award recognises two leaders in Africa. These are President Hage Geingob of Namibia and President Macky Sall of Senegal.
Decent work, decent pay: Facebook staff in Kenya accuse Meta of piddling in pay talks
Meta and Sama lawyers told the court they thought the mediation was making good progress, with long hours involved, until the moderators’ lawyer wrote to them in protest. Justice Nduma Nderi said the failed talks were a “missed opportunity” to find a balance between the parties involved as opposed to the court issuing an order.
