Burkina Faso: Latest News
Makula Dunbar, 3:01 pm
The African Guarantee Fund (AFG) and Ecobank Transnational Incorporated — a Pan-African banking group — have joined forces to provide financial support for SMEs across Africa, Leadership reported. About 20 percent of SMEs in Africa manage to lock down credit lines and loans from large financial institutions halting development and growth of business According to Leadership, officials from both institutions have recognized that the numbers are not satisfactory.
Dana Sanchez, 12:52 pm
Africa may have cell phones – lots of them – but Egypt and South Africa are the only two African countries to make the top 100 on the United Nations’ latest Broadband Commission list. The report, produced by the U.N. Broadband Commission for Digital Development, evaluates the roll-out of broadband around the world and tracks progress on the affordability of this service across countries.
Dana Sanchez, 3:23 pm
African companies are becoming more open to the idea of trading shares on their stock exchanges. Nine newcomers could list on West Africa’s market in 2014. Most of the 37 companies listed are from Ivory Coast, which has the largest economy in the eight-member West African Economic and Monetary Union.
Dana Sanchez, 3:25 pm
When the Alliance for a Green Revolution in Africa released a 204-page report on Africa’s agriculture, the chapter on GMOs dominated media coverage. Perhaps it was inevitable that GMOs would be a lightening rod, given how controversial they are in Africa, said said AGRA president Jane Karuku.
Isaac Mwangi, 11:24 am
Every morning, Mary Wanjiru wakes up early and heads to her place of work at a garment factory in Nairobi. This has been her daily routine for the past nine years, having learned embroidery and garment making at a local technical training college. Wanjiru is one among thousands of workers who got a lifeline after the U.S. government entered into a partnership with sub-Saharan African nations through the Africa Growth and Opportunity Act (AGOA). But now, their future in the textile industry is no longer assured.
Frank Mutulu, 11:00 am
Africa’s growing middle class and purchasing power have attracted the U.S. and Europe to offer lucrative trade deals in a reciprocal arrangement. The most popular products entering the U.S. market from Africa include canned fruits and juices, leather, apparel and textiles. Volume of exports from the U.S. to Africa increased from $ 6.1 billion in 2001 to $ 22.6 billion in 2012.
Dana Sanchez, 4:20 pm
Forty-seven sub-Saharan African countries have agreed on frequency coordination for digital switchover in 2015. Africa will be the first region globally to be in a position – by 2015 – to allocate so-called digital dividend spectrum to mobile services in both the 700MHz and 800MHz bands.
Dana Sanchez, 5:18 pm
Oxfam says the 19 countries plus representatives of the European Union who meet periodically as the G20, have the power to work with the International Monetary Fund and the Organization for Economic Cooperation and Development to close loopholes in global tax laws that make this kind of tax evasion possible.
Dana Sanchez, 10:00 am
Herbicide tolerance, insect resistance, and nutritional enhancement are some of the beneficial traits in GMO crops, and they are being grown in 20 developing countries and eight industrial countries. However, low adoption by smallholder farmers in most of Africa makes it unlikely GMOs will impact Africa food security anytime soon.
Dana Sanchez, 3:37 pm
Google announced Thursday it plans to add five African languages – Somali, Igbo, Hausa, Yoruba and Zulu – to its list of options on Google Translate, the search engine giant’s free automatic translation service. Here’s how one person responded to Google’s invitation to evaluate its African language translations. “Overjoyed to hear this. Wow, Hausa on Google Translation.”
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