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Tue,22Jan2019

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Interview: Voice, Data and the future of telecoms- Irene Charnley

Irene Charnley, Chief executive, Smile Telecoms Although mobile growth continues to register an unprecedented growth in the developing world, revenue from voice is stagnating. In terms of future growth, Irene Charnley, Chief executive of Smile Telecoms, sees data playing a major role. 

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Ghana's GDP readjusted to grow by 3.5 per cent

Major economic indicators in Ghana's 2015 budget forecast have been revised with real gross domestic product (GDP) readjusted to grow by 3.5 per cent instead of the initial 3.9 per cent projected in the annual budget.

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Time to hear the ticking of a time bomb

Source: UNICEF; ‘African demography’ by Jean-Pierre Guengant and John May, 2013Population growth on the continent continues to accelerate.

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Tanzania to increase cement production

File Photo©ReutersTanzania expects to double its cement production in the next few years as new factories come on-stream to satisfy growing demand from the construction sector, a senior government official said on Tuesday.

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Uganda's population registers a massive surge

Uganda's population has grown by 10.7 million in the last 12 years to 34.9 million, preliminary results of a recent census have revealed.

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Rwanda plans another Eurobond issue

Photo©ReutersRwanda is seeking to fund infrastructure projects in its fast-growing economy and will go ahead with plans to launch another Eurobond. According to Finance Minister Claver Gatete, the size and timing of the plan is still being worked out.

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Ghana: Inflation Pressure Still Boiling

Ghana's inflation rose to a record of 16.5 percent in September from 15.9 percent the previous month, the highest in four years.

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Angola: 5 percent average 4-year growth forecast

Luanda, Angola's capital. Photo©ReutersAngola's economy should grow at an annual average rate of 5 percent over the next four years, boosted by the increasing participation of the private sector, Angola's central bank said on Monday.

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Egypt business activity expands in August, hits 8-month high: PMI

Photo@ReuterscairomarketBusiness activity in Egypt grew at its sharpest rate in eight months in August, a survey showed today, as the economy rebounded strongly from the initial shock of cuts in energy subsidies last month.

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IMF agrees on $5 billion credit line for Morocco

photo@ReutersThe International Monetary Fund said on Monday it will provide Morocco a $5 billion credit line to help the North African country pursue a reform agenda to achieve rapid and more inclusive economic growth.

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Nigeria needs structural reforms in power and oil sectors - Fitch

Nigeria could attain investment-grade status if it undertakes reforms to its power and oil sectors that would help boost economic growth and per capita income, a senior director at credit rating agency Fitch said.

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Ghana: Legislators urged to check excessive domestic borrowing

Ghana's domestic debt grew by 30 per cent between 2011 and 2012 constituting 53 per cent of the total public debt. Photo©ReutersGhanaian industry is mounting pressure on the country's legislature to pass laws to restrict government's excessive domestic borrowing, which they argue is crowding-out the private sector from accessing capital.

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Ethiopia targets two digit economic growth

Ethiopian Prime Minister Hailemariam Desalegn The Ethiopian government says the country's economy will grow by 11.3 percent this year.

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You can only look back and regret Zimbabwe at 34

President Robert Mugabe (90) has been at the helm since 1980. Photo©ReutersZimbabwe celebrates the 34th anniversary of its independence on Friday amid concern that the deteriorating economy is eroding the gains of independence.

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Nigeria economy overtakes South Africa to become Africa's number 1

Nigeria has overtaken South Africa as Africa's largest economy after a rebasing calculation nearly doubled its gross domestic product, data from the statistics office showed on Sunday.

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Women: Empowering Africa's agriculture backbone

Photo©UN/Africa RenewalDespite the role and impact of women in African agriculture, there's still an unsettling disparity in the support they receive compared to men. But what does the future hold for women farmers.

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Central African bloc to grow 6.7 pct in 2014: central bank

The economy of the six-nation Central African CEMAC bloc is set to expand by 6.7 percent in 2014 because of a rise in domestic consumption and growth in the non-oil sector, according to the region's monetary policy committee.

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Côte d'Ivoire's $618 million no-bid government contracts under scrutiny

Côte d'Ivoire's president Alassane Ouattara has won praise for orchestrating a rapid revival of the economyCôte d'Ivoire awarded 294 billion CFA francs ($617.87 million) worth of public procurement, nearly 43 percent last year's total by value, via no-bid contracts according to government figures, despite growing donor concern and public suspicion of graft.

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Kenya's Co-op Bank expects 2014 profits to increase

Co-operative Bank of Kenya reported on Wednesday a 9 percent rise in pre-tax profit for 2013 and said it expected better growth this year thanks to the expansion of its branch network and technology infrastructure.

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Zimbabwe: Safari sector targets 10 percent growth

Zimbabwe's safari industry has set a target of $85 million revenue inflow for the 2014 hunting season, however, questions remain if this is attainable, as the sector has often been dogged by corruption allegations.

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