19 Februar 2021 | Wirtschaft

Africa Briefs

Angola committed to market economy

Angolan president João Lourenço reiterated his government's commitment to establish and consolidate a society featuring the rule of law and a market economy.

Lourenço at a session of the board of governors of the International Fund for Agricultural Development (IFAD) said the Angolan government intends to diversify the national economy and change, in definitive terms, the economic structure of the country which is very dependent on oil resources.

Angola has developed several initiatives to improve the business environment to attract more direct local and foreign private investment, Lourenço said, underscoring the need to promote growth of the non-oil sector to create more jobs and increase income and well-being of its citizens.

The government is paying special attention to agriculture, agro-industry, fisheries, extractive and manufacturing industries, construction, tourism and other labour-intensive sectors.

"We are making a great effort to revitalise and develop agriculture in Angola, so that we can reduce our great dependence on food imports," he said. – Nampa/Xinhua

Kenya's economy to grow by 4.9%

Experts projected that Kenya's economy will grow by 4.9% in 2021 following the tactical easing of Covid-19 restrictions.

John Gachora, the managing director of the Kenya-based regional bank NCBA Group, said during a virtual meeting that the economy is estimated to have contracted in 2020 following a hard and broad-based hit on output in the second and third quarters due to the pandemic.

"However, looking ahead, there is a reason to be optimistic, the phased reopening of the economy has seen a return of about 80% of activity as consumer and labour mobility improves and supply chains are restored," said Gachora.

He said that the 57-billion shillings (US$520 million) post Covid-19 economic stimulus has helped restore activity in some sectors especially construction and minimised the negative effects on others, with positive gross domestic product (GDP) spillovers.

"To further repair the damages from the pandemic and avert a prolonged economic descent, it is essential that the Economic Recovery Strategy as proposed tactfully addresses the 'lives versus livelihoods' dilemma," said Gachora, calling for more efficiency in domestic resource mobilisation as well as debt management. – Nampa/Xinhua

Lagos unveils infrastructure plan

Authorities in Lagos, Nigeria's economic hub, has outlined key infrastructural plans for its development over the next decade.

Babajide Sanwo-Olu, state governor of Lagos, told the 8th Lagos Economic Summit that the race to digitise every community in Lagos has begun with the laying of 6 000 km fiber-optic infrastructure across the city.

He said when the smart city agenda is completed by 2030, Lagos would have full broadband internet coverage.

"By 2030, Lagos will be a smart city, fully covered by a network of several thousands of kilometres of fibre-optic infrastructure that will carry broadband internet into homes, offices, and schools," the governor said.

By the year 2030, he said, Lagos, which boasts the fifth largest economy in Africa, will have a city-wide network of color-coded metro lines that move over 34.5 million people monthly and cut travel time in the metropolis drastically. – Nampa/Xinhua

Tanzania punishes mobile operators

Tanzania's telecommunications regulator on Wednesday imposed fines amounting to 38.1 billion Tanzanian shillings (US$16 million) for what it described as poor delivery of services.

Tanzania Communications Regulatory Authority (TCRA) said in a statement that it had assessed the quality of telecommunications services in the last quarter of 2020 and found six mobile phone operators failed to meet certain required quality standards.

TCRA said it instructed the six phone operators - Airtel Tanzania Plc, MIC Tanzania Plc, Viettel Tanzania Plc, Vodacom Tanzania Plc, Zanzibar Telecom Plc and state-run TTCL Corporation - to use the fines by investing toward improving their service delivery quality within 90 days, adding that the instructions were agreed by the companies by signing contracts with TCRA.

The statement said any mobile phone operator that breached TCRA's directive on improving their service delivery will face legal action.

The assessment was based on network availability, call connection failure rate, call drop rate, call setup time, service coverage and call success rate. – Nampa/Xinhua

Gleiche Nachricht

 

Grundeinkommen die Lösung?

vor 17 stunden | Wirtschaft

Windhoek (NAMPA/jl) • Über 50 Millionen Menschen im südlichen Afrika können sich durch die COVID-19 Pandemie nicht mehr mit Sicherheit ernähren. Dies sagte das Regionale...

Workers turning up the heat

vor 2 tagen - 24 Februar 2021 | Wirtschaft

Jo-Maré Duddy – Fourteen unions last year applied to the ministry of labour, industrial relations and employment to be registered, nearly five times more than...

Rescued vegetables allay South Africa's hunger

vor 2 tagen - 24 Februar 2021 | Wirtschaft

SOFIA CHRISTENSENLeft jobless by the pandemic and a fire that destroyed her sewing machine, Nomaqhawe Dlomo polished off a hefty portion of maize meal and...

Exportquote gerät in Gefahr

vor 2 tagen - 24 Februar 2021 | Landwirtschaft

Von F. Steffen & R. RademeyerWindhoek Auf der Liste der Länder, die von der Maul- und Klauenseuche (MKS) bedroht werden, wird Namibia von der Weltorganisation...

Zambia achieves record high copper production

vor 2 tagen - 24 Februar 2021 | Wirtschaft

Zambia produced 882 061 tonnes of copper in 2020, up 10.8% from 796,430 tonnes produced in 2019, Mines Minister Richard Musukwa said yesterday, calling it...

Streik bei Best Cheer angedroht

vor 2 tagen - 24 Februar 2021 | Wirtschaft

Von Erwin Leuschner, Swakopmund/Walvis Bay Das Regionalbüro der Minenarbeitergewerkschaft (MUN) im Westen Namibias ist über „die absichtliche Missachtung der Tarifverhandlungsgrundsätze durch Best Cheer Investments Namibia...

Wenig Aussicht auf Gehälter

vor 2 tagen - 24 Februar 2021 | Wirtschaft

Windhoek (NMH/sb) - Die National Fishing Corporation (Fishcor) verhandelt anlässlich der anstehenden Gehaltszahlungen der Mitarbeiter derzeit mit den Behörden über die eingefrorenen Konten des...

Consumers spend millions to fight Covid

vor 3 tagen - 23 Februar 2021 | Wirtschaft

Namibia last year more than double its imports of disinfectants, face masks, oxygen and respiration apparatus in its fight against the Covid-19 pandemic.Data supplied by...

SA's economic rebound to trim budget deficits

vor 3 tagen - 23 Februar 2021 | Wirtschaft

South Africa's consolidated fiscal deficit is expected to narrow this year because of an economic rebound, although the long-term trend of higher debt remains unchanged...

Zulagen sollen deutlich erhöht werden

vor 3 tagen - 23 Februar 2021 | Wirtschaft

Swakopmund/Windhoek (er) - Der Verband für Kommunalbehörden in Namibia (ALAN) hat eine Erhöhung der Zulagen für Gemeinderäte im ganzen Land von bis zu 50 Prozent...