Imagine half of your neighbours not having electricity, or a quarter of them not having access to running water. It might be a hypothetical thought for most people, but it is the reality for the 1.2 billion people living in Africa. The continent needs $93 billion in infrastructure spending each year according to a 2014 study of the United Nations Economic Commission for Africa and New Partnership for Africa’s Development.
The Commercial Bank of Africa (CBA), Kenya has received a $90 million financial package from the African Development Bank (AfDB). CBA is the largest privately-owned bank in Kenya, the sixth largest of the country’s 43 banks. The Tier 1 bank as ranked by the Central Bank of Kenya also has operations in Tanzania and Uganda.
HARARE (Reuters) - Zimbabwe's tax agency ZIMRA said on Thursday it failed to meet its 2016 revenue target by 4 percent, as the economy stalled and weak global commodity prices hit mineral royalties.
Companies operating in Africa increasingly worry about the unpredictable business environment where markets are volatile (#1) and political perils, such as protectionism or terrorism are on the rise.
Leaders from business and policy-making are not expecting a return to 1930s-style trade war, despite the populist backlash in parts of the world against globalization and free trade.
Kenyan traders have been asked to observe cross-border trade regulations to avoid harassment.
Outgoing United States President Barack Obama has extended sanctions against Zimbabwe by at least another year, a report said on Sunday. This came as reports on Friday indicated that Obama's administration was set to ease sanctions against Sudan and broaden now limited talks with the long estranged African government.