Ethiopia looks to the Singapore model to lure startups in sweeping new reforms

Ethiopia looks to the Singapore model to lure startups in sweeping new reforms

By Seth Onyango, bird story agency Ethiopia has unveiled sweeping reforms to support a burgeoning startup industry and turn the country into a leading incubator of entrepreneurs. Notable changes include slashing a 30% capital-gains tax on the transfer and issuance of shares, according to Brook Taye, Director-General of the Ethiopian Capital Market Authority. The move, combined with an allowance for startups to retain all foreign currency […]

April 16, 2024 11

Africa

bird TenX: African countries with the highest number of EVs

By Bonface Orucho, bird story agency Despite recent headwinds, a growing shift from gasoline-powered vehicles to electric vehicles continues apace in Africa. Last year, the global sale of fully electric and plug-in hybrid vehicles rose by 31% compared to 2022, according to a 2024 report by market research firm Rho Motion. Despite the high cost of conversion and a lack of adequate enabling infrastructure such as […]

April 16, 2024 61

Africa

New e-mobility policies are pushing EV fleet expansions in Africa

By Bonface Orucho, bird story agency African countries are welcoming a new era of more robust e-mobility policies as countries seek to scale their electric vehicle (EV) fleets after successful tests and pilots. According to Lusanda Madikizela, the head of Zero Emission Transport at C40 Cities in South Africa, better policies provide confidence for investors, manufacturers and operators. “Manufacturers need policy certainty so they can adjust specifications... financiers […]

April 16, 2024 72

Oshiwambo

Efundja moKenya la tembula oshiwana no kwee tififa omanyanauno oinima.

Omuloka wakula uli pamwe nomafundja okwa lopotwa wa didilikwa moshilongo Kenya no kweeta omanyanauno komayambulepo moitopolwa yayooloka yo shilongo. Oikundaneki moshilongo osho oya lopota kutya, ovanhu vaxulifa omolwo nghalo yefudja paife ovafikama po 11, omanga vedulife po 2000 vafininikwa konghalo va fiyepo omalukalwa avo. Oshiwana sha ningwa oiha kanwa yomeva oshat,i oshili yoo moupyakadi woifitukuti eshi ya panukamo meenele omo haikala noku kakonga oko kuna omutunda mumwe noshiwana, osho shatula […]

April 13, 2024 24

Oshiwambo

Efundja lakungululapo obus yali molweendo no va twaalelwa moKenya.

Efundja linene okwa lopotwa la kungululapo obesa omo mwali ova twaalelwa monooli yoshilongo Kenya. Olopota yoshikundaneki sho BBC nena oyati, o bus oya iwa nayo komeva pefimbo ya hangwa molweendo ya humbata ova twaalelwa vefike lunga po 50 ya hangwa yayuka koshilando pangelo Nairobi, oku dja moshitopolwa shonooli yoshilongo sha Wajir. Obus oya iwa nayo komeva pefimbo omushingi ali take ndabala oku tauluka odjila ili koshi yomeva. Ovanambelewa voku yandja […]

April 9, 2024 37

Uncategorized

Africa’s stadium boom can be used to build prosperity beyond sports

By Bonface Orucho, bird story agency Africa continues to strategically fortify its sports infrastructure, especially stadiums, not only to nurture its abundant talent but also to harness the lucrative economic potential of the sector. Morocco is currently on track with the development of a massive 115,000-seater stadium as it prepares to host the 2030 World Cup, jointly with Spain and Portugal. Last month, the country’s National Agency for […]

April 8, 2024 32

Africa

Twin rate cuts set Mozambique apart as African currency rally

By Seth Onyango, bird story agency Mozambique’s central bank has decisively cut its benchmark lending rate to 15.75% from 16.5%, setting a precedent as the first African country to slash rates twice in 2024. The move highlights Maputo’s aggressive push for economic growth amid a wider trend of cooling inflation and currency stability against the US dollar across Africa. Rate cuts in the southeastern African nation, prompted […]

April 8, 2024 35

Africa

Africans showcase the continent’s athletic supremacy at the World Cross-Country Championships

By Stephen Granger, SPNA If you want to get a sense of the level to which African runners dominate distance running right now, look no further than the World Athletics Cross Country Championships, held this year in Belgrade, Serbia. From Kenya to South Africa, Uganda to Ethiopia, different cross-country athletes from the continent recorded remarkable performances. Formerly known as the International Cross Country Championships, the annual event […]

April 8, 2024 19

Africa

Young Kenyans are not finding work: how universities can do a better job of training entrepreneurs

By Renson Muchiri Mwangi, KCA University; Judy N. Muthuri, University of Nottingham, and Mohsen Gul, University of Cambridge Kenya’s long-term development blueprint, Vision 2030, envisions an empowered youth driving economic growth. The focus on its young population (aged 15–34) is apt given that the median age of the country’s population of 55 million is around 20 years. This has led to a succession of policies and strategies […]

April 8, 2024 5