Author: Karah Walker

The Malawi Government has signed a 2.4 trillion Kwacha agreement with the Chinese Government for the construction, electrification and signalling of a comprehensive rail network in Malawi. Minister of Transport and Public works Jacob Hara signed the 2 billion Euros (about K2.4 trillion) agreement on behalf of government during a 3rd Road and Belt Forum in Beijing, China. The Minister said the project will bring back rail network in Malawi which has been neglected for a long time. “The project positions Malawi as a connection passage to Zambia and Democratic Republic of Congo (DRC) and it will significantly help the…

The European Union (EU) has urged Ghana to strengthen its market access capacities to excel as a regional hub for vaccine production. Mr Timothy Dolan, Team Leader, Macroeconomic and Trade Sector -EU Delegation to Ghana, said this was crucial as Ghana had become a frontrunner for vaccine manufacturing in Africa hosting one of the strongest regulatory body -the Food and Drugs Authority- on the continent. He made the call during the closing ceremony of the Hands-on Assessors Training for technical staff of the Food and Drugs Authority (FDA). The training sought to enhance the human resource capacity of the FDA…

The Nigerian Economic Summit Group, NESG has Why Nigeria’s socio-economic progress is slow, citing bureaucracy and outdated systems as bottlenecks for the country’s economic progress. The group also identified corruption as a major obstacle to building public trust and ensuring the effectiveness of Nigeria’s public institutions. The Strategic Communications Specialist of NESG, Francis Jakpor, in a press statement, noted that these would form the topics for conversation at the 29th Summit (NES 29). Jakpor stated that the NESG advised stakeholders to, as a matter of urgency, boost transparency, improve efficiency, promote coordination and invest in human capital as essential steps…

The Royal Navy has helped West African nations counter pirates and smugglers and strengthened ties in the region in efforts to protect valuable trade routes.Patrol ship HMS Trent is deployed long-term on a mission to the and African waters and, in her second deployment to the Gulf of Guinea, worked with coastal West African nations to disrupt illegal activity and promote security along busy shipping lanes. Trent deployed with a specialist Royal Marines boarding team and a Puma surveillance drone as, alongside allies and partners, they worked to develop skills and techniques required to counter illicit activity that ultimately harms…

South Africa has been projected to surpass Nigeria as Africa’s largest economy in 2024.This is according to reports from the International Monetary Fund in its recent World Economic Outlook. The IMF’s World Economic Outlook anticipates South Africa’s gross domestic product (GDP) to reach $401 billion by 2024 at current prices.The projected figure would exceed Nigeria’s GDP of $395 billion and Egypt’s GDP of $358 billion. South Africa is the most industrialised nation on the continent and is expected to claim the top position in 2024.The IMF projected that South Africa’s economy will grow by 0.9 per cent this year and…

Oasis Capital Ghana, an SME growth equity investor in West Africa, has announced the successful exit of its holdings in Legacy Girls College (LGC), aan educational institution based in Ghana catering exclusively to female students. This achievement marks a significant milestone as it represents the first complete exit from the Oasis Africa Fund I. Matthew Boadu Adjei, Chief Executive Officer at Oasis, said: “During the investment period, we have supported the promoters in actualizing their vision for the school. We have helped strengthen corporate governance and significantly expanded both digital and physical infrastructure, all of which are critical for sustained…

The Naute Irrigation Scheme in the //Kharas region in Namibia has been without electricity for the past week, exposing date produce worth millions to the risk of rotting in the absence of cold storage. The irrigation scheme produces grapes and dates for international and local markets. It is managed by the Namibia Industrial Development Agency (Nida), established under the Ministry of Industrialisation and Trade. NamPower spokesperson Tangeni Kambangula yesterday said the company cannot share information about their clients with third parties. However, Nida spokesperson Wessel !Nanuseb confirmed the power cut due to accrued debt with NamPower over the last two…

As Israel-Hamas crisis escalates, Algeria have agreed to accommodate all home matches involving the Palestinian football team. Confirming this on Sunday via a statement, the Algerian Football Federation said, “In compliance with the directives of the country’s high authorities, and following the request made by the President of the Palestinian Football Federation, Mr. Jibril Rajoub, the FAF has decided to host all official and unofficial matches in Algeria as part of the preparation of the Palestinian soccer team for the qualifiers for the 2026 World Cup and the 2027 Asian Cup of Nations, and to cover all costs related to…

A large gathering of residents assembled at the Maiduguri Railway Terminus to express their dissatisfaction with the relocation of train coaches from Maiduguri, the capital of Borno State, to Jos, the capital of Plateau State, for maintenance by the Nigerian Railway Corporation (NRC). The protesters carried placards asking the NRC not to move the coaches out of Maiduguri. One of the protesters, Malam Adamu Ibrahim, told the News Agency of Nigeria (NAN) that they suspected that the government was trying to deny Borno of having a train service. “At the peak of insurgency, the NRC came and took two of…

President/CEO of the U.S. African Development Foundation (USADF) Travis Adkins will travel to Nigeria from October 16-20. His visit follows the recent trips of U.S. Treasury Deputy Secretary Wally Adeyemo in September and the U.S. Under Secretary of Commerce for International Trade Marisa Lago’s Global Diversity Export Initiative Trade Mission in August. USADF P/CEO Adkins’ visit underscores the Biden-Harris Administration’s commitment, announced at the U.S.-Africa Leaders’ Summit last year, to deepening economic engagement and trade and investment ties with the continent. The USADF is an independent U.S. government agency established by Congress to invest directly in African grassroots enterprises and…