By Nawa Mutumweno – The Zambian government and China Jiangxi Corporation for International Economic and Technical Cooperation have concluded negotiations for the expansion of the Kenneth Kaunda International Airport (KKIA) at a cost of $385 million. According to information obtained from National Airports Corporation (NAC), the terminal building, which is expected to be completed in four years, will have a capacity of four million passenger s per year. The works are expected to create 3 000 jobs. ‘’The long-awaited project to upgrade KK International Airport has finally come to fruition. This follows the conclusion of negotiations with the successful bidder,... Continue Reading
……… promoting economic & financial information impacting Sierra Leoneans and investors. – Leones & Sense is a source of select economic and financial information impacting the citizens of Sierra Leone and investors scoping for opportunities. With an online presence launched in July 2013, its mission is to help Sierra Leoneans understand the state of global market conditions and global price of goods produced locally. It is also intended to simplify the scale, scope and complexity of the inner workings of the financial and commodities market. Leones & Sense provides real time market information by tracking price positions in major markets, including... Continue Reading
An estimated 3 000 people thronged last weekend’s Homelanz/Zimfest festival in West London’s Baston Manor Park, capping a glorious summer day in the British capital. The all-day festival brought together cultures from four different southern hemisphere countries – Australia, South Africa, New Zealand and Zimbabwe – and saw artistic performances from each of the countries. Zimfest Director Hilton Mendelsohn said: “The whole festival went on smoothly and swiftly thanks to the sound management and professional production of the logistical functions. “We had between us a shared wealth of experience as Homelanz and Zimfest have in the past held events independently.... Continue Reading
One of the biggest obstacles standing in the way of African economic growth and investment is electricity supply, which affects almost every country on the continent in one way or another. The power crisis is exacerbated by drought, high petroleum prices, damage to infrastructure through wars, rapid demand growth, insufficient investment in maintenance and refurbishment, and a lack of skills in the sector. According to a World Bank Enterprise survey there are on average 56 days per year with power interruptions in Africa, which explains why more than half of large firms rely on back-up generators. While the picture is... Continue Reading
By Dennis Kabatto – One hundred African Women Entrepreneurship Program (AWEP) entrepreneurs from across the continent participated in a two-day forum from August 10 – 11, to empower women to own and operate small and medium businesses, which could enable them to become voices for social progress in their communities. Hosted by AWEP’S Ethiopia Chapter at the African Union Headquarters in Addis Ababa, Ethiopia this year’s forum focused on best practices for trading under AGOA, how to access finance for women, business development, regional initiatives empowering women entrepreneurs and the use of social media to build a successful business. The... Continue Reading
