Nigeria: Buhari presents $28.8 bln 2019 budget to parliament
Nigerian President Muhammadu Buhari on Wednesday presented a $28.80 billion budget for 2019 to parliament. Nigeria, Africa’s biggest oil producer and most populous nation, has “recovered from recession” after a slump in 2016, Buhari told a joint session of the Senate and House of Representatives in the capital, Abuja. The 2019 spending plan assumes crude […]
World Bank Injects $50 Million to Improve Southern Africa Agriculture Productivity
Efforts to improve agriculture productivity in Southern Africa got a boost following the World Bank Board approval this week of a $50 million project to increase the availability of agricultural technologies in Angola and Lesotho. According to a WB press release, this will be done under the ongoing World Bank financed Agriculture Productivity Program for […]
African leaders urged to recommit to boosting continent’s agriculture sector
An official of the African Trade Policy Centre (ATPC) of the Economic Commission for Africa has urged African leaders to honor their commitment to allocate 10 percent of their budgets to agriculture to improve the continent’s food security, reduce poverty and spur economic growth. The ATPC Program Management Officer, Batanai Chikwene, who was peaking at […]
Preparing Africa for ravages of climate change ‘cannot be an afterthought’ – COP24
Africa is at a “tipping point” as global warming increases, and urgent action needs to be taken across the continent now, to mitigate risks and safeguard a decade of social and economic gains, according to a new report launched by the United Nations Development Agency (UNDP) at the just concluded COP24 climate conference, in Katowice, […]
Zimbabwe’s Mnangagwa secures re-election bid for 2023
Zimbabwe’s ruling ZANU-PF party has given President Emmerson Mnangagwa the go ahead to run for a second five-year term in 2023. ZANU-PF held the first annual conference since former President Robert Mugabe was forced to retire following an army coup in November last year. Mnangagwa’s election this year was seen as a significant step toward […]
Angola joins forum of gas exporting countries
Angola has been admitted as an observer member of the Forum of Gas Exporting Countries (GECF), during the group’s 20th ministerial meeting held in Port of Spain, Trinidad and Tobago. The African Chamber of Energy (AEC) praised Angola’s accession to GECF as it is at the forefront of promoting the use of natural gas as […]
New EU support for the Horn of Africa worth €134 million
The European Commission has adopted eleven new programs for the Horn of Africa under the EU Emergency Trust Fund for Africa. Commissioner for International Cooperation and Development Neven Mimica said these new EU programs, worth over €134 million in all, will help to create lasting solutions for refugees and internally displaced people, as well as […]
Rising insecurity in Central African Republic threatens wider region, Security Council told
Rising violence in the Central African Republic threatens to spill across the border into neighboring countries, creating further instability, a senior United Nations official warned on Thursday, urging continued and coordinated regional efforts to bolster peace and security. In particular, a comprehensive approach is needed against the Lord’s Resistance Army (LRA) as the African Union […]
Tanzania to ink $3 bln power plant deal
Tanzanian President, John Magufuli, announced that his government will sign a deal this week for the construction of a $3 billion hydroelectric power plant. The power plant and dam will be built in the Selous Game Reserve, a UN-designated world heritage site in southern Tanzania. The project’s location has faced opposition from conservationists. In remarks […]
South Africa deposits instrument ratifying Tripartite Free Trade Area
South Africa has deposited the instrument of ratification of the Agreement establishing the Tripartite Free Trade Area (TFTA), comprising three regional economic blocks – the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) and the Southern African Development Community (SADC). The instrument of ratification was deposited on the margins of […]
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