On the sidelines of the Youth Day held on June 18 in Hammarsdale, South Africa’s president, Jacob Zuma, brought up the land issue saying that it should be resolved within the country’s constitution and laws. However, he added that if these laws cannot help resolve the issue, they may be amended for that purpose. “The land question is very much related to the economy. The day there was...

Despite economic challenges in Africa, hospitality development activity has increased 13% in 2017. This was indicated in the 2017 annual survey of W Hospitality Group. This figure as well other statistics related to hotel development across the continent will be discussed by industry leaders and government officials at the seventh Africa Hotel Investment Forum (AHIF) which will be held in...

On June 9, the Centre for support of pygmy peoples in the Democratic Republic of Congo (CAMV) has organized a meeting to assess the implementation of the agreement signed in 2014 by the Bukavu peoples and authorities. According to the agreement, the pygmies were to be given access to the lands of the Kahuzi Biéga national park. However, three years after its signing, CAMV reveals that pygmies...

The World Bank has approved the Business Environment and Entrepreneurship development policy loan, amounting to $500 million, to support Tunisia’s efforts to improve business environment and boost entrepreneurship. This was revealed by the institution in a press statement released on June 13, on its website. According to the statement, the facility aims to “support key pillars of the...

The World Bank has approved the Business Environment and Entrepreneurship development policy loan, amounting to $500 million, to support Tunisia’s efforts to improve business environment and boost entrepreneurship. This was revealed by the institution in a press statement released on June 13, on its website. According to the statement, the facility aims to “support key pillars of the...

Senegal is considering helping Gambia face the power crisis which it currently experiences. SENELEC, Senegal’s power utility is currently looking at exporting its power surplus to Gambia, the country’s minister of power, Thierno Alassane Sall, said. “As we speak, we have an excess output of 200MW which is not being used. We even negotiated with a neighboring country (Mali, editor’s note)...

In Kenya, Mombasa governor candidate from Jubilee Party, Suleiman Shahbal, and his running mate, Anania Mwaboza, promised to, if elected, set aside each year, throughout their mandate, $9.6 million to settle the 300,000 squatters of the county. “We plan to form a board which will enable us as the county government to set aside funds in the county budget to buy land in dispute and settle...

Shell Petroleum Development Company Limited (SPDC), has said that crude oil theft from its facilities dropped by over 200% last year against the percentage obtained in 2015. Likewise, oil spill from sabotage dropped by over 100% compared to 2015. “Crude oil theft on the pipeline network resulted in a loss of about 5,660 barrels of oil per day (bpd) in 2016, which is less than the 25,000bpd in...

Etisalat Nigeria is currently working with lenders and Abu Dhabi state investment fund, Mubadala, to resolve its debt problems brought on by a devaluation of the naira currency. The telecoms company has been in talks to restructure a $1.2billion loan after missing a payment deadline, but sources with knowledge of the matter had said that the talks reached a deadlock on April 28. Responding...

Commercial banks in Nigeria have raised the sum of N26 billion ($81 million) as part of vows to finance agro-based small and medium scale enterprises (SMEs) in the country, according to Bola Adesola (photo), the Managing Director of Standard Chartered Bank. Speaking while briefing newsmen in Lagos yesterday, Adesola explained that the contribution comes after the Central Bank directed all...