The election of South African Deputy President Cyril Ramaphosa as the new leader of ruling African National Congress (ANC) opens up tentative prospects of a policy shift and rise in business confidence, ratings agency Moody’s said on Tuesday. Moody’s lead sovereign analyst for South Africa, Zuzana Brixiova, said that in...
The first Regional Round-table on Infrastructure Governance was held in Cape Town at the beginning of November. Peter Eigen, founder of Transparency International), who addressed the event, reflects on the vital importance of openness and transparency for successful and sustainable infrastructure projects. Corruption is nothing new and it’s certainly not unique...
Like most African countries, Ethiopia is among the world’s poorest and most densely populated - experiencing climate change effects including changes in rainfall patterns and severe droughts. However, Ethiopia has taken advantage of the challenges and is transforming its once faltering economy into the world’s fastest-growing economy, according the...
The African Union (AU) is calling on individual member states to take charge and act decisively to human trafficking and slave trade of their citizens by solving root causes of migration. Acting Director of the AU Peace and Security Department, Dr. Admore Kambudzi said African governments must create conducive environment...
General Electric is to cut 12,000 jobs in its power business, 18% of the division's global workforce. The US industrial group expects the "painful but necessary" job losses to help save $1bn next year as demand for fossil fuel power plants wanes. GE intends to cut 1,100 jobs from its UK...
South Africa will proceed with plans to expand nuclear power generation but coal will remain the main energy source, Energy Minister David Mahlobo said on Thursday. South Africa’s nuclear plans are shrouded in controversy, with local activists and the media raising concerns about transparency and costs as well as safety...
No African city made it to the Top 100 City Destinations ranking released a week ago by research firm Euromonitor International. This is because interconnectivity among African cities is poor, as there are few direct flights between countries by the continent’s airlines. instance, a traveller from East Africa to the...
‘Heat tolerant’ durum wheat discovery can help eradicate poverty Research wins international Food Security prize A ‘crazy idea’ has resulted in the ability to grow durum wheat in the extreme heat of famine-affected Senegal, Mauritania and Mali, potentially boosting the income for 1 million farming families, and therefore winning the...
Customs and border controls in many African countries remain a governance challenge and that more is needed to achieve free movement of people and goods on the continent, Vera Songwe, Executive Secretary of the Economic Commission for Africa (ECA) has said. Ms. Songwe, speaking at the 2017 Africa Economic Conference...
South African utility Eskom said on Thursday rolling power cuts are unlikely despite coal supply possibly falling below a 20-day requirement at its Hendrina power station. On Thursday investigative news outfit AmaBhungane reported Eskom may be forced into nationwide electricity cuts after a coal mine linked to the Gupta family...