PL | EN
20 January 2023
#250
Tons of plastic, the elixir of youth and the "Polityka" Passport

Prospects for African economies and the development of mobile payments in Kenya

According to the World Bank,  Senegal’s economy will grow 8% in 2023 and reach 10.5% in 2024, thanks to a thriving oil and gas industry. The country aims to earn US$1.4bn in oil and gas revenues by 2025. Senegal’s growing mining sector produces phosphates, gold, mineral sands, manganese and clay, among other minerals. Less spectacular economic growth is expected to be recorded by Côte d’Ivoire and Cameroon. Excluding Nigeria, the economies of West and Central Africa will grow by 5.0 per cent in 2023 and 5.6 per cent in 2024. With many African currencies losing value against the US dollar in 2022, however, low export capacity and inflation will persist on the continent.

Due to eight years of stagnant work and lacking financial support from China, Uganda has cancelled China Harbour Engineering Company’s contract to build a strategic 273-kilometre normal-gauge railway from the Kenyan border to Kampala, the country’s capital city. Ugandans would like to sign a new contract with Yapi Merkezi, a Turkish company building a railway in Tanzania. Uganda hopes the company will help it find financiers for the project.

Kenyan banks want to take over  part of the mobile money market captured by M-Pesa – Safaricom’s mobile phone-based financial services. M-Pesa dominates the African mobile money market and is widely used by small businesses and individuals in Kenya, Tanzania, Mozambique, the Democratic Republic of Congo, Lesotho, Ghana and Egypt.

More about: AfricaAsiaCameroonChinaCongoEconomyEgyptGhanaGospodarkaHandelIvory CoastKenyaLesothoMozambiqueNigeriaSenegalSocietyTanzaniaTechnologyTopicUganda
Read also
Landslides, floods and climate change
Landslides, floods and climate change
Due to climate change, the Mekong Delta is one of the most vulnerable areas in the world. The rainy season brings more floods, while the dry season brings more droughts. Farming is becoming increasingly challenging due to the loss of land, rising sea levels, and water loss from upstream dams. As a result, many of […]
E-crimes in e-business and ways to fight e-fraud
E-crimes in e-business and ways to fight e-fraud
Counterfeiting products and selling them on the internet is a violation of the interests of both large companies and small entrepreneurs. Dishonest companies often operate from abroad and steal original product ideas to sell their own versions of the products. This issue has been growing since the pandemic and the e-commerce boom, according to lawyer […]
Super-efficient photovoltaics and green energy batteries
Super-efficient photovoltaics and green energy batteries
Electricity suppliers in the US are incorporating lithium-ion batteries into solar and wind projects to store electricity in large quantities. These batteries are designed to maintain a steady flow of electricity even when there is no wind or sun. The US is the second-largest electricity storage market in the world, after China. The total capacity […]
Hot oceans, underwater Sentinel and music to help corals
Hot oceans, underwater Sentinel and music to help corals
The current ocean heatwaves, characterized by high ocean water temperatures, have been happening for two consecutive years now. Scientists warn that this may result in a significant alteration of the Earth’s systems that could be irreversible. In the Atlantic basin, sea surface temperatures have risen by 1-2°C compared to the baseline from 1971-2000. Satellite data […]
Conditions for appropriate brain development: from infant to teenager
Conditions for appropriate brain development: from infant to teenager
A study conducted at Washington University in St. Louis highlights the importance of several factors in the proper development of a child’s brain in their first year, including proper nutrition, sleep, a stimulating environment, a safe environment, proper care, and a regular circadian rhythm. Even if other conditions are unfavorable, providing these five factors guarantees […]
Previous issues