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Apr
26
2024
By OMAR SHAHABUDIN MCDOOM
Rwanda’s post-genocide model prioritises security over freedom and equality – a risk to future stability

Rwanda’s post-genocide model prioritises security over freedom and equality – a risk to future stability

THOUGHT LEADERSHIP
RWANDA, a small and landlocked central African country, has made remarkable socio-economic progress since the 1994 genocide in which an estimated 500,000 people died. But the country, as well as the rest of the world, remains divided over the achievements made and the direction taken over the past 30 years. Supporters of Rwanda’s trajectory believe in the aspiration of its president, Paul Kagame, for the country to become Africa’s Singapore. Critics, in contrast, see disturbing characteristics it has in common with North Korea. This stark divergence of views also besets the scholarly community. Some experts acclaim Rwanda as a developmental…
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Apr
04
2023
By The African Mirror
Africa’s central banks lead the way, embrace open banking

Africa’s central banks lead the way, embrace open banking

NEWS
CONRAD ONYANGO, BIRD STORY AGENCY NIGERIA in March became the first African country to launch open banking on the continent, after publishing guidelines on how traditional lenders may connect to a global digital market poised to grow from US$13.9 billion to US$123.7 billion by 2031, according to Allied Market Research. According to a circular published by the Central Bank of Nigeria, the regulations are backed by the country's data protection laws and are geared towards enhancing efficiency, competition and access to financial services. "The adoption of Open Banking in Nigeria will foster the sharing of customer-permissioned data between banks and…
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Mar
23
2023
By The African Mirror
Angola becomes latest African country to join fight against illicit financial flows

Angola becomes latest African country to join fight against illicit financial flows

NEWS
BIRD STORY AGENCY ANGOLA is on a mission to be more tax transparent, which could accelerate its ease of doing business ratings and curb illicit financial flows. The country recently joined the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum), an initiative which seeks to foster tax transparency. "We are delighted to welcome Angola as the latest Global Forum member," said Gaël Perraud, Chair of the Global Forum. "The steadily growing Global Forum membership underlines the importance given to tax transparency by the international community and demonstrates the resolve of governments to join forces in…
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Feb
24
2023
By BONFACE ORUCHO, BIRD STORY AGENCY
DR Congo revamps its rail system as more African cities rethink public transit

DR Congo revamps its rail system as more African cities rethink public transit

AFRICITIES
THE Democratic Republic of Congo (DRC) is the latest African country to initiate plans to refurbish its rail network after entering into a multi-million dollar project with the Africa Finance Corporation to renew Kinshasa's mass rail transit system. The Africa Finance Corporation (AFC) and Trans Connexion Congo (TCC) will jointly develop the rail network, covering a linear route of 300km of the railroad in Kinshasa. According to Amadu Wadda, Senior Director, Project Development & Technical Solutions at Africa Finance Corporation, "the project aims to rapidly industrialise DRC's capital city, Kinshasa, through its rail transportation system." "The project will support local…
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Dec
16
2022
By The African Mirror
Africa sees progress in its war on malaria

Africa sees progress in its war on malaria

HEALTH
NAIROBI, DECEMBER 13 (BIRD STORY AGENCY) CABO VERDE has reported zero indigenous malaria cases and deaths for three consecutive years, ending the epidemic in the West African island nation, according to a World Health Organization (WHO) report. The country is now on track to obtain certification as the fourth malaria-free African country, joining Mauritius, Morocco and Algeria. Botswana, Comoros, Eritrea, Eswatini and Sao Tome and Principe also reported fewer than 10 malaria deaths in 2021, the health agency said in its just-released World Malaria Report 2022. And while malaria cases increased to 234 million in 2021 compared to 232 million…
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Jul
13
2022
By The African Mirror
Ghana plays catch up in bid to launch Africa’s second digital currency

Ghana plays catch up in bid to launch Africa’s second digital currency

NEWS
CONRAD ONYANGO BIRD, STORY AGENCY GHANA has become the latest African country to begin testing the viability of its central bank-backed digital currency, the eCedi, heating up the race to roll out e-cash on the continent. South Africa and Ghana are now the only African countries at the pilot stage of the process after Nigeria launched the eNaira in October 2021. Ghana is testing an offline version of the eCedi in Sefwi Asafo, a small town in the country's Western North Region, using a contactless smart card. eCedi is a retail Central Bank digital currency that can be used for…
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