Kevin Mwanza

  • Mugabe Issue Decree Legalizing Bond Notes In Zimbabwe, Ignores Parliament

    currency protest By Kevin Mwanza, 3:32 am

    Zimbabwean president, Robert Mugabe issued a presidential decree to amend the Reserve Bank Act of Zimbabwe (RBZ) Act, paving way for the use of bond notes in efforts to ease a cash shortage that has hit the struggling African economy since March. The presidential decree passed on Monday did not however set timelines for the introduction of the bond notes, which will be used as legal tender.

  • Ethiopian Govt. Releases 2000 #OromoProtest Detainees After ‘Counselling’

    #OromoProtest Detainees By Kevin Mwanza, 11:05 am

    The Ethiopia government has released about 2,000 #OromoProtest detainees who had been arrested since the declaration of the state of emergency mid-last month and pledged to call for a political dialogue with the Oromo and Amhara communities. At least 1,500 weapons were also recovered by security forces and over 400 people surrendered to the police during a 10-day amnesty period declared by the government,

  • US Still Africa’s Top Trade Partner, But China Is Catching Up Fast

    By Kevin Mwanza, 9:08 am

    China is fast becoming the preferred partner for economic development by many African governments that have however, been accused of prioritizing economic development over civil rights and freedoms. The Asian superpower rivals the U.S. and has outmatched it especially in Southern, Central and North Africa, according to a survey by Afrobarometer, a research project in sub-Saharan Africa.

  • South African Rand Jumps After Charges Against Finance Minister Are Dropped

    Drop Fraud Charges Against Finance Minister By Kevin Mwanza

    The South Africa rand jumped against the U.S. dollar on Monday after the country’s National Director of Public Prosecutions, Shaun Abraham dropped fraud charges that had been preferred against Finance Minister Pravin Gordhan. The rand gained 1.6 percent to the green back after the news reached the market, according to Reuters data. Gordhan was due to appear in court on Wednesday over fraud charges related to the approval of Ivan Pillay’s early retirement package

  • Ghana ‘Mortgages Off’ All Its Oil To China In A $1.5B Loan Deal

    Angola To Limit The Amount Of Money Leaving The Country By Kevin Mwanza, 8:15 am

    Ghana, will offer gas from the Jubilee oil and gas field to the Chinese government from 2018, as part of securing an additional $1.5 billion from a loan deal with China Development Bank. The government said that this part of its self-financing loan strategy initiative to ease the burden on the nation’s tax-payers, and will not plunge the West African nation into power crisis

  • Nigeria Govt Plans $10B Niger Delta Infrastructure Fund

    By Kevin Mwanza, 4:24 am

    The federal government is planning to launch a $10 billion infrastructural investment programme in the Niger Delta. President Muhammadu Buhari made this known on Thursday in Abuja during the unveiling of the Seven Big Wins roadmap, a short to medium term strategy framework to grow country’s oil and gas sector.

  • Did Ngugi wa Thiong’o Deserve The Literature Nobel Prize More Than Bob Dylan?

    By Kevin Mwanza, 9:02 am

    Ngugi wa Thiong’o, one of the most celebrated African writers, failed to win the Nobel Prize in Literature for 2016, losing to American artist and writer, Bob Dylan, mid-this month in a decision that drew condemnation from leading writers across the world. The Nobel Prize for Literature is usually awarded by the Swedish Academy to authors for their outstanding contributions in literature.

  • Pope Francis Says He’s Willing To Visit South Sudan To Broker Peace Deal

    Pope's Visit To Africa By Kevin Mwanza, 7:45 am

    Pope Francis has said he is willing to visit South Sudan to broker a peace deal if he is invited by the war-torn nation’s government. Church leaders from the Africa’s youngest nation sent an invite to the Pope on Thursday when they led a delegation from the nation to Vatican. “The Pope said he is ready to come to South Sudan. President Kiir is also very much in favour of a visit,”

  • Uganda Arrests Trump Supporters At US Embassy

    By Kevin Mwanza, 6:46 am

    Ugandan police arrested two menbers of the Uganda Young Democrats (UYD), an opposition party, who marched outside the U.S. Embassy in Kampala in support of Donald Trump, the Republic presidential candidate in next month’s election. The party leadership however, distanced itself from the protesters who held placards with the words, ‘A vote for Trump is a vote against African dictatorship’,

  • Is Africa Recalibrating? Gambia Joins ICC Exit Bandwagon

    By Kevin Mwanza, 6:37 am

    Gambia, the home nation to the International Criminal Court (ICC) chief prosecutor, Fatou Bensouda, has announced its decision to withdraw from the Hague-based court. The tiny West African nation’s decision is likely to fuel fears of possible violence as it heads to presidential election in December, where President Yahya Jammeh is eyeing a fifth term in office after he scrapped presidential term limits.