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Africa News

Tanzania pays Tributes to Nyerere

Tanzania hosts forum to mark 100th anniversary of Nyerere’s birth

A one-day symposium to commemorate the centenary of Tanzania’s first President Mwalimu Nyerere’s birth was held Tuesday in Dar es Salaam, the commercial capital of Tanzania, jointly organized by the Mwalimu Nyerere Foundation and the Chinese embassy in Tanzania.

Joseph Butiku, the chairperson of the Mwalimu Nyerere Foundation, said Nyerere should be remembered as a highly principled and believing man.

“He believed in humanity, human rights, and the rights of individuals and communities. He believed in peace and unity,” said Butiku.

Chen Mingjian, the Chinese ambassador to Tanzania, said Nyerere set the tone of the comprehensive and consistent friendship between China and Tanzania, and forged the tradition of sharing weal and woe between the two countries.

Tanzania pays Tributes to Nyerere

“President Nyerere was dedicated to promoting China-Tanzanian friendship all through his life, leaving much told tales,” she told the symposium attended by retired Tanzanian leaders, leaders of political parties, ambassadors and high commissioners of foreign countries to Tanzania, and representatives of think tanks, charity organizations and media houses.

Deng Li, Vice Minister of Foreign Affairs of China, delivered a video message, saying Nyerere was dearly loved by the people of Tanzania, enjoyed high prestige in Africa, and was well known to and respected by the Chinese people.

“We are commemorating President Nyerere to carry forward his legacy of courage and fortitude, look back on the history of China-Tanzania and China-Africa friendship, solidarity and cooperation and chart the course for the future of China-Tanzania and China-Africa relations,” said Deng.

Speaking on behalf of Tanzania’s Zanzibar President Hussein Ali Mwinyi, Zanzibar’s Minister of State in the Second Vice-President’s Office, Hamza Hassan Juma, said Nyerere and Zanzibar’s founding leader Abeid Amani Karume were the brains behind the union between Tanganyika and Zanzibar forged in 1964 to form the United Republic of Tanzania.

ALSO READ: Coffee Culture Thrives In Tanzania

Juma added that Nyerere emphasized the need to promote African culture in a variety of areas, including encouraging the use of the Kiswahili language.

Humphrey Moshi, the director of the Center for Chinese Studies at the University of Dar es Salaam, said in two decades, China has become Africa’s most important economic partner in areas such as trade, investment, and infrastructure construction.

Moshi said Africa-China cooperation, including Tanzania, has empowered African economies through trade, investment and aid to accelerate economic growth rates, reduce poverty and drive forward industrialization.

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Africa News

Africa Seek New financial architecture

Africa’s flagship economic conference concludes with call for new global financial architecture

Africa’s flagship economic conference, the Conference of African Ministers of Finance, Planning and Economic Development, has concluded with a call for a new global financial architecture that would better serve Africa’s financing needs.

The 54th session of the Conference of African Ministers of Finance, Planning and Economic Development (CoM2022) was held in a hybrid format in Dakar, Senegal, and virtually from May 11 to 17.

Organised by the United Nations Economic Commission for Africa (UNECA) and hosted by Senegal under the theme “Financing Africa’s Recovery: Breaking New Ground,” the high-level conference emphasized the need for finding innovative financing solutions for Africa.

Senegal’s President Macky Sall, addressing the conference, said the ongoing COVID-19 pandemic had shown that existing financial instruments were not working for countries that needed them the most.

“Africa needs money, but we can not get it. It is like a COVID-19 patient who needs oxygen but is told ‘we have the oxygen but can’t give it to you because we don’t have the instruments,” a UNECA statement quoted Sall as saying.

The Senegalese president called on Africa’s development partners to agree to a renegotiation of the terms of the current multilateral system in light of shocks to the global economy due to the COVID-19 pandemic and the Russia-Ukraine conflict.

According to the UNECA, the ministerial conference “comes at a critical time for the continent” as it was held on the backdrop of the double blow of the pandemic and the Ukraine crisis, which are compounding already urgent financing challenges in Africa.

UN Under-Secretary-General and Executive Secretary of the UNECA, Vera Songwe, said the coronavirus pandemic had come as an attack not just on health but on the economy.

“African countries have been at war for three years. War with time, COVID-19, climate change, terrorism and the war on bad governance,” the UNECA chief said.

“We are looking not just for survival, but for prosperity,” Songwe said, emphasizing that finding innovative financing solutions is the need of the hour for Africa.

According to the UNECA, Africa needs high levels of financing for structural transformation and to achieve the 2030 Agenda for Sustainable Development.

Before the COVID-19 pandemic, the UNECA estimated that African countries would need 200 billion U.S. dollars per year to reach their Sustainable Development Goals. The African continent further needs an additional 285 billion U.S. dollars over the next five years to ensure an adequate response to pandemic, according to the latest figures from the UNECA.

Michel Camdessus, former Managing Director of the International Monetary Fund (IMF), addressing the conference agreed that reform of the global financial architecture is “crucial for Africa.”

Camdessus argued that the Bretton Woods system needed renegotiation “most urgently.” He emphasized that it is impossible to “dream of a radiant future for the planet” if this dream left out Africa and its youth.

Rebeca Grynspan, Secretary General of the United Nations Conference on Trade and Development (UNCTAD), told conference participants that Africa is suffering despite having done nothing wrong.

Grynspan argued that extending the World Bank’s Debt Suspension Service Initiative (DSSI), which helped the poorest countries during the pandemic, and orderly and rational debt instruments are part of the solution.

ALSO READ: Africa Fintech Summit Washington D.C. 2022

The UNECA emphasized that current initiatives to close Africa’s financing gap are often similarly short-sighted.

Bilateral and multilateral support for pandemic recovery efforts, although helpful, left out several vulnerable middle-income countries, the UNECA said.

Songwe called on African ministers of finance, planning and economic development gathered at CoM2022 to provide Africa with a unique opportunity to generate more authentic solutions to implement on the continent.

The annual conference is Africa’s flagship annual economic event that serves as an important platform for African ministers as well as experts from around the world to have in-depth discussions on current issues and future implications that are of relevance to the continent’s economic development.

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Africa News

Sunset in South Africa

Boats cruise at sunset off the shore in Cape Town, South Africa

(Xinhua/Lyu Tianran)

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Africa News Arab News

OPEC Fund provides US$18 mn to Rwanda

The project has a total cost of US$41 million and will be co-financed by the Arab Bank for Economic Development in Africa (BADEA) and the government of Rwanda…reports Asian Lite News

The OPEC Fund for International Development (the OPEC Fund) is providing a US$18 million loan to the government of Rwanda to support the “Nyacyonga–Mukoto Road Project”, helping to improve living standards and economic livelihoods in the country. The project has a total cost of US$41 million and will be co-financed by the Arab Bank for Economic Development in Africa (BADEA) and the government of Rwanda.

Uzziel Ndagijimana, Minister of Finance of Rwanda, and OPEC Fund Director-General Abdulhamid Alkhalifa signed the agreement at a meeting during the Sustainable Energy for All Forum, a global gathering focused on energy taking place in Kigali.  OPEC Fund Director-General Abdulhamid Alkhalifa said: “We are proud to have partnered with Rwanda for decades, promoting socio-economic development and support key sectors as infrastructure, agriculture and the financial sector. Our new loan will further contribute to Rwanda’s sustainable development agenda and its efforts to achieve its ambitious 2050 Vision, which sets a strategic direction to lead the country to the living standards of high income countries by 2050.”

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The Nyacyonga–Mukoto route, currently a 36km gravel road, connects two major national paved roads from the northern part of the capital Kigali to the northern provinces. Upgrading the road will increase connectivity, promote economic livelihoods particularly agriculture, agro-industries, mining and tourism sectors.

Rwanda is a land-locked and densely populated country in East Africa. Regional integration and international trade are key to support economic activity and sustainable economic growth. To date, the OPEC Fund has provided around US$ 285 million in financing for over 30 projects supporting key sectors in Rwanda.

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Africa News COVID-19

Africa reports 4,660 newly confirmed Covid-19 cases

The African continent reported 4,660 newly confirmed Covid-19 cases during the previous 24 hours, the Africa Center for Disease Control and Prevention (Africa CDC) said…reports Asian Lite News

Figures from the Africa CDC on Saturday evening showed that the number of confirmed positive cases across the continent rose from 11,559,637 on Monday to 11,564,297 as of Tuesday, Xinhua news agency reported.

The death toll from the Covid-19 pandemic on the African continent has reached 252,666, while 10,882,724 people who have been infected with the disease have recovered, the specialised healthcare agency of the African Union said.

ALSO READ: Africa’s Covid-19 cases pass 11.54 mn

South Africa, Morocco, Tunisia and Egypt are among the countries with the most cases in the continent, according to the agency.

South Africa has recorded the most Covid-19 cases in Africa with 3,894,745 cases, while the northern African country of Morocco reported 1,165,984 as of Tuesday evening.

In terms of the caseload, southern Africa is the most affected region, followed by the northern and eastern parts of the continent, while central Africa is the least affected region in the continent, according to the Africa CDC.

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Africa News

Africa Fintech Summit Washington D.C. 2022

On April 21, 2022, African and global fintech stakeholders gathered at the Ronald Reagan Building and International Trade Center for the seventh edition of the Africa Fintech Summit.

The bi-annual event returned to Washington D.C. for the first time in three years following a virtual summit in 2020 and a hybrid event in Cairo in 2021.

Like every April edition before it, #AFTSDC2022 was scheduled to hold during the World Bank/IFC Spring meeting. This presented the summit with the opportunity to host fintech leaders already in town for the World Bank event alongside attendees billed to be at the fintech summit.

Further, the U.S.-Africa investment relationship meant that a summit in D.C. would connect African entrepreneurs with some of the U.S. investors responsible for 62% of the top twenty investment deals in Africa in 2021.

The main event kicked off with a keynote address by Deniece Laurent-Mantey, Director for Africa, White House Security Council. In keeping with the event’s theme centered around growth and expansion trends in Africa’s fintech industry, Ms. Laurent-Mantey touched on the potential for Africa’s technology industry to thrive in the coming years. In her words, this potential is limitless because “we are in the midst of an unprecedented revolution in the digital technology – one which is impacting every sector of the economy and social life, bringing people and nations closer together, and making the world a true global village.”

Following Ms. Laurent-Mantey’s keynote, various panel sessions took the better part of the day. There were 16 insights-driven sessions focused on fintech hotspots, including embedded finance, investment trends in the industry, web3 and cryptocurrency, diaspora banking and remittances, fintech regulatory best practices, the future of banking, and more.

The expert-led discussions saw participation from over 60 speakers and panelists from across the fintech value chain, including Mike Ogbalu, the CEO of the Pan-African Payment and Settlement System (PAPPS), Omosalewa Adeyemi, Global Head of Partnerships and Expansion, Flutterwave, Tosin Eniolorunda, CEO TeamApt, Ray Youssef, CEO and Co-Founder, Paxful, Odunayo Eweniyi, Co-Founder & COO, Piggyvest, and others.

Attendees also got the chance to participate in two insightful workshops. The first, “PR for founders” was hosted by PR company, InsiderPR, and Pavestones, a law firm based in Nigeria, coordinated the second session tagged “Navigating Licensing and Regulation in Nigeria.”

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The spotlight the conversations placed on fintech in Africa was further intensified by an Excellence in Fintech award ceremony that recognized major players in Africa’s tech ecosystem for their contributions to the continent’s technology industry and economy. Here’s the full list of awardees:

Excellence in Fintech-Banking Relationships – EcoBank
Excellence in Fintech investment – Future Africa
Excellence in Cryptocurrency – Paxful
Excellence in Blockchain Technology – Appzone Group
Excellence in Ecosystem Research – Briter Bridges
Excellence in Cross-border Solutions – PAPSS
Excellence in Digital Banking – TeamApt
Excellence in Savings and InvestTech – PiggyVest
Excellence in Payments – Paystack
Excellence in InsurTech – Turaco
Excellence in Fintech and Lending – Payhippo
Excellence in Embedded Fintech – Cellulant
Excellence in Fintech Infrastructure – Flutterwave
Excellence in TradeTech – AFEX


The event concluded with the New Venture Competition, a pitching session organized in collaboration with IBM. It saw six African founders pitch their startups to a panel of judges. Using the evaluation of the judges and an online poll hosted on the virtual streaming app, Hio Sola-Usidame, founder and CEO of OnePort 365, was declared the winner. He would be participating in IBM’s Hyper Project Accelerator.

The post-event reception presented attendees with the perfect opportunity to solidify the connections made all through the day and at the pre-event VIP dinner that was held on the 20th on the rooftop of Hotel Washington. It proved a fitting way to end an event that had done everything from exploring the intriguing facts and figures behind Africa’s exciting fintech space to connecting innovators with potential collaborators and investors.

The next edition of the Africa Fintech Summit will be held this November in Cape Town, South Africa. The organizers will communicate further details soon.

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Africa News

Kenya Polls Enter New Phase

Presidential candidates name running mates ahead of August 9 polls.

Kenya’s two leading contenders for the presidency during the general elections, slated for Aug. 9, have named their running mates, as they brace themselves for a hotly contested race.

Deputy President William Ruto who is vying for presidency under the Kenya Kwanza coalition was the first to name his running mate, Rigathi Gachagua, a lawmaker from the central Kenyan county of Nyeri on Sunday, after intense horse-trading.

It took about 17 hours for Ruto and his allies in the Kenya Kwanza coalition to agree on 57-year-old Gachagua as his running mate, amid reports of intense lobbying and compromises.

While unveiling Gachagua, a political science and literature major with three decades’ experience in the public service, Ruto said the duo shared a similar ideology of transforming the country’s economy to benefit all citizens.

“One of the key roles of my deputy will be to coordinate economic reform programs that my administration intends to undertake to ensure benefits trickle to all citizens,” said Ruto.

His choice of Gachagua as his deputy had experienced some bumps throughout Saturday, after intense lobbying for another candidate by lawmakers from the central Kenya region.

The rival candidate Kithure Kindiki, a law scholar and senator from the upper eastern county of Tharaka Nithi had the support of the majority of lawmakers from the vote-rich central Kenya region who felt he was more suited for the deputy president job due to his illustrious resume and personable mien.

Local media reported that Ruto had to get personally involved to break the impasse over his deputy’s choice which could precipitate a fall-out, dimming his chances of clinching the presidency. Soon after Ruto unveiled his running mate amid pomp and celebrations in his strongholds, his rival in the presidential race, Raila Odinga, former prime minister, promised to announce his choice on Monday.

The 77-year-old veteran of Kenya’s opposition politics had engaged a panel of eminent persons to recommend to him three outstanding names out of a list of eleven contenders who underwent grilling to prove their qualifications for the job.

Odinga on Monday named Martha Karua, a 64-year-old former minister who occupied water, justice and constitutional affairs dockets during the late President Mwai Kibaki’s rule between 2003 to 2009.

Hailed as a rights defender, principled and focused leader, Karua’s selection as a running mate for Odinga is expected to energize female voters while adding sparkle to the tight race for the presidency in the country.

In addition, Karua could also marshal significant votes for Odinga in her native central Kenyan region, a strategic voting bloc that could determine the outcome of the August presidential election.

Odinga said Karua was an ideal choice for a running mate, citing her illustrious career as a magistrate, rights defender and a champion for good governance for a period spanning nearly four decades.

“History is calling us to produce our first female deputy president,” Odinga told exuberant supporters gathered in downtown Nairobi.

Running under the Azimio La Umoja (resolution for unity) coalition of more than 20 political parties, Odinga will be making his fifth stab at the presidency during the forthcoming polls.

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Both Ruto and Odinga managed to beat the May 16 deadline for submitting the names of their running mates as ordered by the country’s election supervising body.

The two leading contenders for the coveted post are running sleek campaigns primarily focusing on economic reforms, support for local startups, and empowerment of women and youth.

According to local pollsters, the two presidential candidates are almost tied as they intensify vote hunting in their strongholds and battlegrounds including the capital Nairobi.

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Africa News

Somali Leader Wins Support

The African Union, Arab League, the East African bloc IGAD congratulate Hassan Sheikh Mohamud on election as Somali president

 The African Union (AU) congratulated Hassan Sheikh Mohamud on his election as Somalia’s president.

In a press statement, Chairperson of the AU Commission, Moussa Faki Mahamat, congratulated Mohamud “on his historic election” as the President of Somalia, which was conducted by Somalia’s Parliament on Sunday.

Mahamat further commended the outgoing President Mohamed Farmajo “for demonstrating strong leadership and statesmanship through his gracious acceptance of the election outcome.”

The chairperson of the 55-member pan-African bloc commended all the people of Somalia “for their high display of patriotism” through the orderly conduct of the elections while recognizing the crucial role played by the Somali Security Forces and AU Transition Mission in Somalia (ATMIS) to guarantee security for the entire election process.

He reiterated the continued support of the African Union to Somalia in the country’s efforts to deepen democratic governance, promote national reconciliation and restore peace, stability and security.

Somalia’s Parliament on Sunday evening chose Hassan Sheikh Mohamud as the country’s new president in a third-round runoff in an election that has been delayed for over a year.

The 67-year-old Mohamud, former Somali president from 2012-2017, won 214 votes from lawmakers, defeating incumbent President Mohamed Farmajo, who garnered 110 votes. Mohamud was immediately sworn in after the vote.

The presidential election was held 15 months behind schedule as the COVID-19 epidemic, severe drought, insecurity and differences among Somali leaders postponed the parliamentary elections. Sunday’s vote was held at a heavily guarded airport hangar in the capital Mogadishu, amid threats from the al-Shabab terrorist group.

Police had imposed a curfew and a no-fly zone in the city to prevent attacks by a militant group that has been fighting to overthrow the government.

Arab League’s Praise

 The Arab League congratulated Hassan Sheikh Mohamud on his election as the new president of Somalia in the final vote by the parliament members.

In a statement, Arab League Secretary-General Ahmed Aboul-Gheit wished the new Somali president success in achieving peace, stability and prosperity for the African country.

“The Arab League will continue backing Somalia in promoting development and national reconciliation and rebuilding the country’s institutions,” Aboul-Gheit said in the statement.

The East African bloc, the Intergovernmental Authority on Development (IGAD) also congratulated Hassan Sheikh Mohamud on his election as Somalia’s president.

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In a press statement, the Executive Secretary of IGAD, Workneh Gebeyehu, hailed the election of the new Somalia president on Sunday evening as an exercise marking the successful conclusion of the country’s election cycle.

“The Executive Secretary notes that Hassan Sheikh Mohamud’s victory, earning him a second stint in the office of the President of Somalia, is a clear testimony of the trust and confidence that the people of Somalia have in his leadership qualities,” said the IGAD statement.

“The Executive Secretary expresses confidence that President Hassan Sheikh Mohamud will move expeditiously to form an inclusive cabinet and begin the task of uniting the Somali people and tackle other urgent national priorities, including preserving the security gains, sustaining focus on fighting al- Shabaab, and addressing the dire humanitarian situation in the country,” said the statement.

Gebeyehu said IGAD stands ready to continue its support to the Somalia government to help deliver on its national priorities as well as in its promotion of regional integration and development.

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Africa News

Africa’s Covid-19 cases pass 11.55mn

The number of confirmed Covid-19 cases in Africa reached 11,555,033, the Africa Centers for Disease Control and Prevention (Africa CDC) said…reports Asian Lite News

Over 11 crore Covid cases were reported as of Sunday evening, Xinhua news agency reported.

The specialised healthcare agency of the African Union (AU) said the death toll across the continent stands at 252,637 and some 10,874,157 patients have recovered from the disease so far.

South Africa, Morocco, Tunisia and Libya are among the countries with the most cases on the continent, said the Africa CDC.

ALSO READ: Africa’s Covid-19 cases pass 11.54 mn

South Africa has recorded the most Covid-19 cases in Africa with 3,887,449 cases followed by the northern African country Morocco with 1,165,796 cases as of Sunday evening, it added.

In terms of the caseload, southern Africa is the most affected region, followed by the northern and eastern parts of the continent, while central Africa is the least affected region, according to the Africa CDC.

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Africa News

Kenya banking on adventure tourism to boost arrivals

Kenya intends to showcase some of its iconic scenic attractions like mountains, tropical forests and savannah grasslands to foreign and local tourists keen on adventure, officials said…reports Asian Lite News

Najib Balala, the cabinet secretary for Tourism and Wildlife, said that by promoting adventure tourism, the country expects to shore up arrivals and generate additional foreign exchange earnings, reports Xinhua news agency.

Speaking ahead of a four-day hiking expedition in Mount Kenya, Balala said the adventure tourism had the potential to hasten the sector’s post-pandemic revival besides creating new jobs for the country’s youth.

He reckoned that hiking and mountaineering are niche adventure tourism products that have the potential to shore up visitors’ numbers and generate new revenue for the exchequer.

“We are positioning the country as a top destination for adventure tourism. Our landmarks like mountains are ideal for visitors looking for outdoor adventure,” said Balala.

He said the ongoing climbing expedition in Mount Kenya, Africa’s second tallest mountain whose height is 5,199 meters, aims to showcase it as an ideal destination for adventure and nature lovers.

Balala added that Mount Kenya national park which is a Unesco natural world heritage site and a wildlife sanctuary has always been an attractive tourist destination.

Last week, he led a group of hikers to explore Mount Longonot in the Rift Valley as part of concerted efforts to promote adventure tourism in the country.

ALSO READ: Emirates, South Africa Tourism board signs MoU to promote tourism

He said the government will revamp amenities like toilets and water points along hiking paths in the mountains besides improving security in order to attract many adventure seekers.

Allan Njoroge, the company secretary at Kenya Tourism Board, said that raising the stature of adventure tourism is part of the sector’s diversification that has regained momentum after pandemic-related hiatus.

Njoroge said the Mount Kenya climbing expedition led by senior officials will help showcase the country as an ideal mountaineering destination in Africa.