Africa News Bulletin

Business and Economy

Uganda Faces Threat to Livelihoods as Ban on Second-Hand Clothing Looms.

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Amidst the vibrant chaos of Owino Market in Kampala, Uganda, Hadija Nakimuli maneuvers through the bustling alleys as she has for nearly three decades, selling second-hand clothing. However, the potential ban on importing used clothes by authorities poses a grave threat to Nakimuli’s livelihood and that of many other vendors. President Yoweri Museveni’s recent commitment …

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STANLIB launches fund to help finance the energy transition in Africa

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STANLIB is launches the STANLIB Khanyisa Energy Transition Fund. The objective of the fund is to mobilise much needed capital from long-term investors to help finance South Africa’s energy transition needs, extending into the rest of the continent in future. “The energy transition theme, which at its core is a disruptive technological revolution, will require …

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Kenya: President Ruto commits to sign Startup Bill into law by April 2024

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Kenya’s President William Ruto has promised to sign the Startup Bill 2022 into law. Speaking during the Kenya Innovation Week (KIW), the president said he will sign the bill into law by April next year. “By March, or April next year, we will have a firm startup law in Kenya, which will assist many of …

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Rwanda Climate Finance Partnership Powers Innovative Climate Action

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The Rwanda Climate Finance Partnership, which was launched at the Paris Summit for a New Global Financing Pact, will further power innovative climate action thanks to additional contributions from the Government of Rwanda. The partnership is supported by Agence Française de Développement (AFD), the European Union and Team Europe, the European Investment Bank (EIB), the …

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Harnessing the Desert Sun: Libya’s Vision for a Cleaner Future

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With 88% of its expansive terrain characterized by desert, Libya has significant potential to shift toward renewable energy. Wind data analysis shows average speeds of 6-7.7 meters per second at 40 meters above ground level, underscoring the nation’s strong wind power potential. In terms of solar power potential, Libya boasts approximately 3,200 annual brightness hours …

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Nile SLC, Zenith Energy Sign Midstream MoU in South Sudan

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Nile Services and Logistics Company (Nile SLC), a subsidiary of South Sudan’s national oil company Nile Petroleum Corporation, and international energy production and development company Zenith Energy forged a strategic partnership in South Sudan with the signing of a memorandum of understanding (MoU) last week. The collaboration focuses on jointly pursuing business opportunities related to …

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South Africa’s State-Owned Transnet Secures $2.5 Billion to Fulfill Debt Obligations amid Challenges.

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The South African government revealed plans on Friday to provide a 47 billion rand bailout (equivalent to 2.3 billion euros) to Transnet, the state-owned company managing the nation’s largest port in Durban. This substantial aid aims to assist Transnet in handling its debt repayments and addressing operational challenges, especially the significant container congestion plaguing the …

South Africa’s State-Owned Transnet Secures $2.5 Billion to Fulfill Debt Obligations amid Challenges. Read More »

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