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AfricaBusinessEconomy

Kenyan Professor claims that tea-plucking machines will create more jobs in Kenya

Local workers have staged protests fearing that the machinery will leave them without work Exclusive News А new wave of tea pickers’ protests has gripped Kenya. Workers have been destroying tea-plucking machines out of concern that the equipment is being brought in to replace them, according to RT News.  Speaking to RT on Tuesday, Anthony Osambo, professor of economics at Jomo…
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AfricaBusinessEconomy

African Union to become part of the G20– Modi

India’s prime minister reportedly wants the African Union to become part of the G20 Exclusive News India’s Prime Minister Narendra Modi has reportedly proposed including the African Union in the Group of 20 leading economies, according to anonymous official sources cited by Reuters on Sunday, according to RT News.  Geopolitical analyst Gulrez Sheikh told RT that if the…
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AfricaBusinessEconomy

Moscow and Algeria seek closer energy cooperation

Algeria is among Moscow’s top three trading partners in the region, according to President Putin Exclusive News Russia and Algeria plan to intensify cooperation in hydrocarbon exploration and production, oil and gas processing, and petrochemistry, according to a statement on the Kremlin’s website on Thursday, according to RT News. The release follows a meeting between the…
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AfricaBusinessEconomy

Ukrainian President offers nothing but zero flexibility to African leaders

Ukraine’s leader has again rejected the offer to mediate an end to the conflict Exclusive News Ukrainian President Vladimir Zelensky brushed off the African Union peace initiative on Friday, insisting there can be no negotiations with Russia. The high-ranking delegation, led by South African President Cyril Ramaphosa, visited Kiev and is headed to Moscow next, according to RT…
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AfricaBusinessEconomy

William Ruto calls for single African currency

Kenyan President has been urging the nations of the continent to shift away from the US dollar Exclusive News Kenyan President William Ruto has repeated his call for African countries to stop relying on the US dollar for intercontinental trade, saying it is something the continent needs to “urgently address.” In a speech to the Djibouti parliament, Ruto said “our people cannot…
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AfricaBusinessEconomy

Africa needs an option to dollar – business leader

The supremacy of the greenback has held many countries back, the president of the African United Business Confederation told RT Exclusive News Finding the alternatives to the US dollar will take time but the global dominance of the greenback has “stifled” many countries and Africa needs to have its own currency, George Sebulela, president of the African United Business…
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AfricaBusinessEconomy

Saudi Arabia pushes for oil reduction quotas in Africa

OPEC members have gathered in Vienna for a meeting widely expected to be contentious Exclusive News Saudi Arabia, the informal leader of the Organization of the Petroleum Exporting Countries (OPEC), is reportedly trying to negotiate a reduction of oil output quotas with smaller producers in Africa, the Wall Street Journal has reported, citing sources familiar with the matter, according…
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