Browsing Tag

industry

VIDEO: Somalia’s $2 Billion Banking Industry Confronts Obstacles in Embracing Cryptocurrency

axadle
Somalia
Mogadishu (AX) — Somalia’s banking industry, worth a cool $2 billion, is gearing up for some serious expansion. This growth spurt is fueled by new rules and a rising wave of interest in fintech. But there's a hitch with bringing cryptocurrencies into the mix, as the sector grapples with syncing up international financial norms and Islamic banking values. While people are starting to buzz about cryptocurrency in Somalia, the chatter is still pretty nascent. Local banks are dipping their toes into figuring out how to weave…

social tensions in the oil industry

axadle
Central Africa
In Chad, the oil tanker ExxonMobil is in the knife segment with its employees. The American multinational, which operates the Doba oil basin in the south of the country, announced a few months ago its intention to sell its assets to an English company. But the terms of this departure do not suit the employees who have entered into a quarrel with the American company. Yesterday, the employees even…

authorities unveil a plan to reindustrialize

axadle
Somalia
In the DRC, the authorities, on Thursday in Kinshasa, presented an ambitious re-industrialization plan worth 58 billion US dollars. For experts, this plan is beneficial, but there is a huge funding challenge. However, this gives optimism to some. as reported from Kinshasa, Pascal MulegwaPresenting the plan to an audience of…

The textile industry pollutes rivers in East Africa

axadle
East Africa
African rivers are polluted by the development of the textile industry on the continent. It is NGO Water Witness who sounded the alarm in a report published on August 17 and which is based on case studies in Tanzania, Ethiopia, Madagascar and Lesotho. Wastewater emissions are the most important source of pollution in the…

of investors merge for one

axadle
Central Africa
Several investors have joined forces as part of a public-private partnership in the construction of a hydropower plant that will produce green energy for the capital Libreville. Projects from the Gabonese Fund for Strategic Investments and the company Meridiam, the future facility will increase electricity capacity in the Gabonese capital by 13%.…

Arlit civil society desires to make clear

axadle
West Africa
Civil society in Arlit, a mining city in northern Niger, organized a press convention on Thursday 13 Might to recall its issues over the situations for the closure of the Akouta uranium mine, owned by Cominak (Akouta Mining Firm), a subsidiary of the French big Orano (previously Areva) ), which ceased operations on 31 March.…

a forum for thinking about agricultural production and

axadle
West Africa
A high-level dialogue on the theme "Feeding Africa, leadership to scale up successful innovations". takes place over two days and ends today, at the initiative of the African Development Bank (AfDB) and the International Fund for Agricultural Development (Fida). The idea of ​​organizing this forum, which is held by video conference, arose from an observation: 246 million Africans suffer from food insecurity and this number continues to increase. In addition, the Covid-19 pandemic has highlighted the shortcomings of food…

Congo-Brazzaville: the bankruptcy of the cement factory

axadle
Central Africa
A single bag of cement has not left the Diamond Cement plant since December 2019. This Togolese and Indian capital company went bankrupt for various reasons. Until its closure, it was considered the flagship of Pools' economy, a nearby region of Brazzaville that was shaken more than once by armed conflict. Business agents and cement traders suffer from this situation.…

Gabon desires to enhance the governance of its extractive industries

axadle
Central Africa
In Gabon, following the overview and compensation of the home debt, the nation now desires to enhance governance within the mining and oil sector. Libreville has determined to rejoin the Extractive Industries Transparency Initiative (EITI), a world benchmark for selling good governance of oil, fuel and mining assets. Downside, Gabon was suspended from the EITI seven years in the past. To reintroduce…

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