Finance minister Tito Mboweni will have the difficult task of coming up with a budget to save South Africa’s economy. But tension has already started last week when South Africa Reserve Bank governor, Lesetja Kganyago announced its resistance to finance the growing budget deficit. On top of this the South African government has told asset managers and banks that they need R1.5 trillion from over the next decade for infrastructure. Jason Lightfoot, Portfolio Manager for Futuregrowth Infrastructure & Development Bond Fund joins CNBC Africa for more.
Download logoIn response to challenges across Africa around land ownership and use, the African Natural Resources Centre (ANRC) of the African Development Bank (www.AfDB.org) is launching a series of articles to aid policy debate. The articles are authored by influential international scholars whose pioneering research and analysis have helped to direct policy on land reform in Africa for more than two decades. The actions are expected to inject a new urgency into the need for land reform.
Coronavirus – Kenya: President Uhuru announce 31 new cases of COVID 19 & unveils an 8-Economic Stimulus Programme to stimulate growth Nairobi, Saturday May...
Download logoKenya has recorded 31 more cases of Covid-19 in the last 24 hours bringing the total tally to 1,192. Cumulatively 57,650 samples have been tested so far, President Uhuru Kenyatta said when he unveiled an 8- economic stimulus programme at State House today. “The rate of infections may indeed surge upwards or fall if we all fail to comply to protocols given by the Ministry of Health,” he advised. “The Coronavirus pandemic will continue undermi
Africa Regional Integration Index underlines integration as key to building more resilient economies
Download logoThe second Africa Regional Integration Index (ARII 2019) was launched Friday by the Economic Commission for Africa (ECA), the African Development Bank (www.AfDB.org) and the African Union Commission (AUC), with a call to action to African economies to deepen their integration. The 2019 Index, which builds on the first edition published in 2016, provides up-to-date data on the status and progress of regional integration in Africa. It also helps to assess the level of integration f
Madagascar: Government of Madagascar gets Euro 4 million from African Development Fund for Sahofika hydropower project
Download logoThe African Development Fund has approved a 4.02 million euro loan with a grant component to finance the Government of Madagascar’s 30 million euro equity investment in the Sahofika hydropower project, which will generate affordable, clean energy benefitting some 8 million people. The Sahofika project is located on the Onive River, 100 km southeast of the capital Antananarivo. It entails the construction of a 205 MW hydroelectric power plant on a Build-Own-Operate-Transfer
By Thomas Hedley, Field Editor Although they are located 1,800Km from each other, Côte d'Ivoire and Senegal vie for the place of economic leader in West Africa, with a slight advantage for the former which, thanks to its leading economic capital Abidjan, was able to attract many investors, particularly French speaking. The population of Senegal reached 15.85 million people in 2018 compared to 25 million in Côte d'Ivoire. The same difference can be observed when loo
The Development of Equatorial Guinea’s Mining Industry will give a Boost to Economic Diversification and Jobs Creation
Recent developments coming from Equatorial Guinea on the development of its mining and minerals industry are extremely positive and need to be welcomed and applauded. As the demand for key minerals such as lithium, graphite, cobalt, aluminum, copper and nickel is expected to rise and gold prices hit record highs, Equatorial Guinea has a unique opportunity to tap into an industry that has proven successful across the continent. Last year, the Ministry of Mines and Hydrocarbons (MMH) organized
For the over half a million people living in Mathare, one of Kenya’s largest slums, the arrival of the COVID-19 outbreak in the country may present an even bigger risk than being infected with the virus. The disruption of the local health care infrastructure caused by the outbreak has badly affected their ability to find essential medical care, leaving many at risk of being deprived of life-saving services. This adds to the precarious conditions in which most people in the area are forc