Tanzania-Korea relations: Korean loan has ‘no strings attached’
The Exchange Africa
by Giza Mdoe
10m ago
Tanzania, Korea ink USD 2.5bn trade pact, cooperation MoU Tanzania President Samia completes 6-day Korean visit Tanzania earmarks five regions for the ‘Smart City’ project Tanzania-Korea relations Tanzania-Korea relations are growing, with the latter securing a $2.5 billion soft loan from the Economic Development Cooperation Fund (EDCF). The loan comes on the heels of Tanzania’s President Samia Suluhu Hassan’s state visit to the Republic of Korea. The Tanzania-Korea loan was subject to criticism surrounding its terms. Still, the government of Tanzania has refuted claims that the loan ha ..read more
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Smart Cities: Smart City Innovation Strategies for Africa’s Economic Growth
The Exchange Africa
by James Ndwaru
10m ago
Smart cities are emerging as a critical solution to address the rapid urbanisation and infrastructure challenges facing African cities. Smart cities in Africa focus on infrastructure development to enhance connectivity, mobility, and accessibility. The limitations in human resources, organisational capacity, and rigid bureaucracy are significant obstacles to adapting to the demands of digital transformation and smart cities in Africa. Smart cities in Africa Smart cities are emerging as a critical solution to address the rapid urbanisation and infrastructure challenges facing African cities ..read more
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Shock as traces of highly potent opioids, nitazenes, are detected in West Africa
The Exchange Africa
by James Wambua
10m ago
Highly potent opioids, nitazenes, a drug up to 100 times more potent than heroin, were found in 83% of drug samples in Sierra Leone and 55% in Guinea-Bissau. This discovery marks a dangerous escalation in the African drug crisis. Nitazenes has been linked to overdose deaths in Western countries and parts of Asia. The persistent menace of drug and substance abuse is set to worsen with new revelations that for the first time, traces of highly potent opioids, known as nitazenes, have been found among hard drug users in Africa. This discovery was made by the Global Initiative Against Transnation ..read more
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Tanzania-Korea relations: Korean loan has ‘no strings attached’
The Exchange Africa
by Giza Mdoe
4h ago
Tanzania, Korea ink USD 2.5bn trade pact, cooperation MoU Tanzania President Samia completes 6-day Korean visit Tanzania earmarks five regions for the ‘Smart City’ project Tanzania-Korea relations Tanzania-Korea relations are growing, with the latter securing a $2.5 billion soft loan from the Economic Development Cooperation Fund (EDCF). The loan comes on the heels of Tanzania’s President Samia Suluhu Hassan’s state visit to the Republic of Korea. The Tanzania-Korea loan was subject to criticism surrounding its terms. Still, the government of Tanzania has refuted claims that the loan ha ..read more
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Intra-regional trade in Africa 2023: improvement of EAC’s intra-Africa trade 
The Exchange Africa
by James Ndwaru
7h ago
Intra-regional trade in Africa serves as the backbone of economic transformation. East African Community (EAC) member states are increasingly trading with one another and with other African countries. At the same time, they reduced their trade with other continents like Europe, Asia, and other parts of the world, shaping the intra-regional trade in Africa’s dream projected to boost commerce and livelihoods on the continent. The seven countries in the region (as of 2023) increased their trade with the rest of Africa by $584.6 million to $4.3 billion in the fourth quarter of 2023, a 14 per cent ..read more
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British International Investment (‘BII’) sells its 10.1 per cent stake in I&M to AfricInvest
The Exchange Africa
by Martin Mwita
1d ago
The transaction marks the successful outcome of BII and I&M’s equity partnership for over 7 years as AfricInvest takes over. The institution said that the sale to a like-minded investor is one of the most significant transactions in East Africa in recent years and represents a vote of confidence in the region’s financial services sector. It is listed on the Nairobi Securities Exchange, and the Rwandan subsidiary I&M Bank Rwanda PLC is listed on the Rwanda Stock Exchange. British International Investment (‘BII’) British International Investment (‘BII’), the UK’s development finance ..read more
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Singaporean company Tolaram gulps down Guinness Nigeria
The Exchange Africa
by James Wambua
2d ago
Singaporean firm Tolaram will acquire Diageo’s 58.02% shareholding in Guinness Nigeria PLC. Tolaram has significant and extensive operations and a 50-year presence in Nigeria. Diageo will also remain in the country through its wholly owned international premium spirits business built to serve a wider geographic reach across West Africa, with Nigeria as one of the main operational hubs. In a major shake-up in Africa’s beverage industry, Guinness Nigeria has announced that Tolaram, a Singaporean company, has signed an agreement to acquire UK-based Diageo’s 58.02 per cent shareholding in the co ..read more
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Artificial Intelligence and Automation: Employee Concerns
The Exchange Africa
by James Ndwaru
2d ago
Artificial Intelligence (AI) integration into various industries has sparked a wave of both anticipation and concern among employees. As AI and automation become prevalent, new job categories and roles emerge. Cultivating interpersonal skills and collaborating effectively with technology to drive innovation and achieve successful outcomes in the future workplace is key. Artificial Intelligence and automation in the business landscape Artificial Intelligence (AI) integration into various industries has sparked a wave of both anticipation and concern among employees. As Artificial Intelligence ..read more
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New law forces NGOs in Kenya to register in 12 months or face closure
The Exchange Africa
by Jack Oduor
2d ago
NGOs operating in Kenya that fail to seek registration shall cease to have Public Benefit Organization (PBO) status thirty (30) days after the expiration of the specific notice. Under the PBO Act, no organisation shall purport to be a PBO unless it is registered under the PBO Act or has been bestowed the status of a PBO. Previously, the Cabinet Secretary could, by notice in the Gazette, exempt certain NGOs from registration. Non-Governmental Organisations operating in the country will now be required to register afresh in the next 12 months or cease operations, as the state moves to streamli ..read more
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Bolt, TRÍ, and Watu launch new plan to accelerate eco-mobility with electric Bajajis
Africa News Today
by James Wambua
3d ago
Bolt, TRÍ, and Watu have launched a pilot program in Tanzania to introduce electric Bajajis, aiming to enhance sustainable urban transportation and improve the economic well-being of drivers. This initiative reduces operational costs significantly, boosts driver earnings, and aligns with Tanzania’s green mobility efforts. The program includes comprehensive support and training for drivers, with plans for future expansion to foster broader adoption of eco-friendly vehicles. In a move that is set to revolutionize Tanzania’s urban transportation, Bolt, TRÍ, and Watu Africa have joined forces to ..read more
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