Cabo Delgado’s business community is confident about the gradual return to sanctuary and the reopening of access roads to areas affected by terrorism, but expects government help to rebuild destroyed infrastructure.
Democratic Republic of Congo’s government is currently proceeding with the process of reviewing its $6 billion “infrastructure-for-minerals” deal with Chinese investors as part of a broader examination of mining contracts. Read more.
Seychelles’ Broadband network and digital services will soon get a boost from a new cable system to be leased by Seychelles-based telecommunications provider Intelvision Limited with support from IFC. Read more.
The implementation of a €6.8 million project is in progress to renovate the priority cross-border infrastructure and equipment at selected border points between Zambia on one hand and Malawi, Zimbabwe and Tanzania on the other. Read more.
Seychelles will welcome the return of vessels with a maximum of 300 passengers for the 2021-2022 cruise ship season from mid-November, said a top official, the first port calls to the island nation after an 18-month blackout due to COVID-19 restrictions. Read more.
The International Monetary Fund (IMF) executive board has approved $105 million under the Extended Fund Facility for Seychelles with an immediate disbursement of $34.26 million. Read more.
Tanzania’s Prime Minister Kassim Majaliwa has announced that the government is finalizing negotiations with South Africa to export avocados to the latter. Read more.
The recent studies is Rwanda shows that ,in Kigali City, there is a shortage of over 30,000 dwelling units out of 31,279 units in demand every year as urbanization grows in the central African country. Read more.
The Bank of Tanzania (BOT) Monthly Economic Review – June 2021 indicates that during the year ending May 2021, the value of exports of goods and services declined by -11% during the same period in 2020, largely attributed to a decrease in travel receipts. Read more.
The Fund for African Private Sector Assistance launched its Africa Franchise Accelerator Project in Tanzania to boost the transformation of 90 indigenous small and medium enterprises and 10 aggregated micro operators into franchise brands and sustain a thriving franchise system. Read more.
The Board of Directors of the African Development Bank Group has approved a $20 million flexible loan to finance Seychelles’ Governance and Economic Reforms Support Program, expected to help drive the island nation’s macroeconomic stability and recovery from Covid-19 in the medium-term. Read more.