By BUSINESS DAILY Elon Musk’s satellite Internet firm Starlink announced it will launch in Kenya in the second quarter of this year, posing competition to other players in the industry including Safaricom and Zuku. The billionaire technology entrepreneur’s company announced it is “pending service coverage or regulatory approval”. Kenyans, however, can order and deposit an…
By PATRICK ILUNGA Leaders of the M23 rebel group met with regional peace facilitator, former Kenyan President Uhuru Kenyatta, in Mombasa, where they agreed to withdraw fighters from the Democratic Republic of Congo’s North Kivu province and follow a ceasefire. But the meeting came as activists in eastern DR Congo demanded that the East African Community Regional…
Silvia AmaroCNBC The World Economic Forum in Davos, Switzerland, kicks off next week. It’s an annual meeting where a global elite of business leaders, politicians and economists make bold predictions and try to set the agenda for the year ahead — but they don’t always get it right. Here’s a recap of some calls made…
By Africanews with AFP DIPLOMACY The French and German foreign ministers, Catherine Colonna and Annalena Baerbock, on Thursday visited a WFP distribution center in Adama, just outside Addis Ababa, containing recently shipped grain for the war-torn regions of Ethiopia. The site holds 50,000 tonnes of wheat. During their visit, the ministers hailed the success in implementing…
By Rédaction Africanews and Ndea Yoka BUSINESS AFRICA Rising borrowing costs and global economic uncertainty weigh on the African real estate sector. Amid these challenges, estate agency Nawali bet on participatory payment mechanisms such as the tontine. It focuses on reliable and participatory solutions for Africans in the diaspora and others to acquire real estate…
Financial services company BNP Paribas said that South Africa will likely see weak economic growth in 2023 as the country faces global headwinds and further domestic challenges. The company estimates 2023 GDP growth to reach 0.2% – reflecting a weaker net trade and consumption outlook. “On top of this black growth view, we expect inflation…
JOHANNESBURG, Jan 12 (Reuters) – South Africa’s rand was flat early on Thursday, as investors awaited U.S. inflation data, which could determine whether the Federal Reserve will slow the pace of its policy tightening and ease the pressure on global central banks. At 0658 GMT, the rand traded at 16.9475 against the dollar, 0.03% weaker…
Samba Cyuzuzo BBC Great Lakes The Democratic Republic of Congo’s army has denied the presence of fighters from Russia’s mercenary Wagner Group in the country, in response to claims by a rebel group. The army has been struggling to contain the M23 rebel group that has in recent months captured swathes of territory in the…
In our series of letters from African journalists, Mannir Dan Ali, former editor-in-chief of Nigeria’s Daily Trust newspaper, looks at the latest cash crisis to hit Africa’s most-populous nation weeks before elections. Cash is king in Nigeria – electronic banking it still in its infancy. In fact very few people keep their money in banks…
By Africanews with AFP IVORY COAST A key figure in post-electoral violence that shook Ivory Coast in 2011, dubbed the “general of the street” for his ability to muster a crowd, Ble Goude flew back in late November after more than eight years. He and Gbagbo were acquitted by the International Criminal Court (ICC) in…