An economic snapshot on Kenya by Charles Robertson, Global Chief Economist at Renaissance Capital………………………………….. Kenya’s economic experience in 2011 is worth watching in the context of larger peers such as Turkey and India. In all three countries, currencies have come under great weakening pressure. In all three, inflation has risen strongly. In all three, the central banks suffered criticism. But…
Geneva, Switzerland, 3 January 2012 – Josette Sheeran, Executive Director of the World Food Programme (WFP), will join the World Economic Forum as Vice-Chairman and Member of the Managing Board. In this role, she will work with world leaders from government and business to help the Forum forge ideas and discussion that will support policy-makers worldwide. She will take…
The partnership between Danida, US ministry of Foreign Affairs and the investment bank Goldman Sachs aims to promote growth in Tanzania by giving women entrepreneurs access to education and loans. Danish Minister for Development Cooperation says Denmark wants “women to be in a position, where they can exercise their rights and utilize their true economic potential”. Minister for Development…
* * Despite steady rates of both economic and income per capita growth, charcoal and kerosene remain as the primary sources of energy for lighting and cooking in urban households, according to a report by Research on Poverty Alleviation (REPOA). The study, by Emmanuel Maliti and Dr. Raymond Mnenwa, is the result of an analysis of the 2007 Household…
A cross section of leaders of business associations have asked the government to make clarification about new business licensing regime expected to start 1st January 2012. According to The Finance ACT 2011, from 1st January 2012 all businesses across Tanzania are supposed to apply for new annual business licences. This is to enable the local government authorities up their…
9/12…Regional retailer, Nakumatt Holdings, will tomorrow (10th December 2011) morning officially open the doors to its latest outlet in the East Africa region, in the Tanzanian town of Moshi. The opening of the US$ 1.3million Nakumatt Moshi supermarket at the foot of Mt. Kilimanjaro now pushes Nakumatt’s branch tally to 35 branches across Tanzania, Rwanda, Kenya and Uganda. The…
The ten finalists underscore the diversity of entrepreneurs in the competition, representing eight countries including Ethiopia, Gambia, Kenya, Mauritius, Nigeria, Senegal, Uganda, and Zimbabwe. The top ten, which includes three woman-owned businesses, work in a range of industries, from software to entertainment to agribusiness. “The winners of the 2011 Africa Awards represent a diversity of backgrounds, industries, and geographies,…
British High Commission Dar eS Salaam: On the occasion of the United Republic of Tanzania celebrating 50 years of sovereignty, peace and stability, it gives me great pleasure in sending Your Excellency and the people of Tanzania my warmest congratulations on this very special occasion. The Prince of Wales and Duchess of Cornwall told me how much they enjoyed…
Fifty per cent of the world’s population is under the age of 27, but the voice of youth has been largely absent from global decision-making platforms and processes The World Economic Forum will bring its 41-year experience of building multistakeholder communities to a global platform for this dynamic generation Global Shapers are 20 to 30 years of age, with…
(Durban, 7 December 2011) As the World Bank, former UN Secretary-General Kofi Annan and President Zuma of South Africa promote ‘Climate Smart Agriculture’ at COP17, ActionAid has today warned that the initiatives on the table are false solutions, fraught with social, environmental and economic risks. The World Bank claims Climate Smart Agriculture – the latest proposal to slash carbon…