AEI Biz ReportsSpecial Articles - Africa Business Reports

Rift Valley Railways, the consortium that currently manages and controls the Kenya-Uganda railway, is currently seeking permission to recruit new shareholders as it tries to obtain adequate financing of their plans to upgrade and improve the costly and inefficient railway system.
The railway quickly became strategically and economically vital for Uganda and Kenya as it was the only modern means of transport from the East African coast to the African interior and plateaus. The railway served to transport tourists, locals, as well as goods for trade such as coffee and tea. Over a century later, the railway is still a vital part of the region's economy. The port of Mombasa, where the railway begins, was estimated to have handled more than 14.5 million tons of cargo annually and is expected to handle over 27 million tons of cargo per year by 2030. This demonstrates the significance of the railway in East African trade.
But years of neglect and mismanagement have rendered the railway to be very costly, inefficient, and sometimes dangerous to use. Today, transporting a 40-unit container wagon from Mombasa to the Malaba border post costs around $100,000 by rail. Moreover, it is reported that 1,500 containers cross the Ugandan border every week even though the railway should bring at least 10,000 containers. There are also several safety-related incidents, including one in 1999 when 32 passengers died from the derailment of the train because its brakes failed.
Many different companies have tried to manage the more ...

Thousands of individuals leave their country annually, migrating thousands of miles via East Africa, from the Horn of Africa to ...

Africa has had a growing demand for Asia’s manufactured goods and machinery while demand in Asia’s developing economies is growing for Africa’s ...

President Jacob Zuma announced on Sunday that South Africa's central bank governor, Tito Mboweni will step down on August 8, ...

The US$750 million of debt is divided among a senior facility of US$550 million, a junior facility of US$100 million ...

AEI Biz ReportsData Center - Africa Economic Data

Find Service, History & Details


    The Africa Economic Development Institute Data Center is a free service that provides important macroeconomic figures of Africa to be used for economic research purposes. Launched in March 2009, the Africa Economic Development Institute Data Center specializes in providing high-quality databases and has built its reputation in the economic and financial information service industry on accuracy, service and comprehensiveness. Today, we are the instrument of choice for economic research on Africa and the emerging markets by economists around the globe.


Go to the Data Center Page

Find Click on Country for Details





Browse More Countries

NewsLatest News

South Africa Currency Reserves Fall by $10 million
South African gold and foreign- currency reserves fell $10 million in July as a decline in the price of bullion offset an increase in dollar purchases by the central bank.   Gross reserves fell to $35.75 billion last month from…


Eighth Annual USA-African Trade and Economic Cooperation Forum
This week, business and policy leaders from the United States and Africa are in Nairobi for the eighth annual United States-African trade and economic cooperation forum, Agoa.The solutions require public and private investments to transform Africa's small-holder-based subsistence agriculture into…


Gold Fields Ltd. Faces 15% Rise in Costs
Gold Fields Ltd., Africa’s second- largest miner of the metal, said costs will rise 15 percent during the next quarter because of a stronger rand and increases in labor and power charges.   Cash costs in the fiscal first quarter…


South Africa May Sell 63 Percent More Bonds
South Africa may be forced to sell 63 percent more bonds than it originally planned this year to make up for falling revenue caused by the economy's first recession in 17 years, Coronation Fund Managers Ltd. said. The government may…


Rand Rises as Economic Recovery Spurs Demand for High Yield Assets
South Africa’s rand gained after former Federal Reserve Chairman Alan Greenspan said the global recession is easing and reports showed manufacturing in China and India increased, boosting demand for high-yield assets.   The rand advanced for a third day, adding…


Tanzania To Achieve 5% Economic Growth
Tanzania will probably achieve its economic growth target of 5 percent in 2009 as stimulus spending provides a boost to industries worst affected by the global financial crisis, Enos Bukuku, deputy governor of the Bank of Tanzania, said.“It’s working and…


World Bank gives $500 Million Credit to Nigeria
Nigerian President Umaru Yar'Adua is seeking Senate approval for a $500 million concessional credit facility from the World Bank to help fund the 2009 budget, according to a letter to the upper house of parliament . 'We are seeking concurrence…


Zambian Coffee Production Falls 50%
They reported that production fell to an average 1,800 metric tons during the 2007-2008 harvesting season and a deeper fall of more than 50 percent is expected for the 2008-2009 season from May to September.  Joseph Taguma, the association’s general…


Mozambique's Investments in Water Supply, Santation, Education and Heath
Encouraging levels of investment in Beira are changing the face of this port city, Mozambican President Armando Guebuza declared on Tuesday, after he inaugurated the new "VIP Inn Beira" Hotel.Sanitation in Beira has long been a headache, but Guebuza stressed…


South African Jobless Rate Increased to 23.6%
South Africa’s unemployment rate was little changed in the second quarter after many people gave up looking for work as the economy fell into recession, threatening to stoke social tensions that have sparked a wave of protests. The jobless rate,…


Africa Expert NetworkExpert Network

The Africa Expert Network is a professional online community, which provides a free, interactive and exclusive environment for knowledgeable professionals to facilitate networking across the world.
Through the Africa Expert Network, experts can connect with fellow colleagues around the world to exchange ideas, share recent developments and conduct research and also engage in discussions through the Africa Expert Network Forum.


AEI ExclusivesExclusives - Africa Business Publications

Pirates of Somalia

The current Proliferation of piracy off the coast of Somalia has posed a substantial threat to development and commerce in the Horn of Africa. Ravaged by political instability, internal strife, and one of the least developed economics in the world, Somalia is a prime location for piracy. Maritime hijackings in the area have accordingly been on the rise, much to the detriment of international trade and the delivery of aid to Somalia. The threat of piracy has made travel around the Horn of Africa significantly more dangerous and costly, ultimately resulting in increased commodity prices and the disruption of international trade. Aid agencies, furthermore have been forced to travel with naval escorts or suspend deliveries to the region altogether, plunging millions of Somalis into…

The Failing Economy of Zimbabwe

Amid the harsh economic times that global markets are experiencing, the word ‘economy' has come to be closely associated with concepts of money. What is often forgotten is that the science of economics is a much broader field that encompasses how scarce resources are disbursed throughout a population. This differentiation is important when looking at the current global economic crisis because giving more money to certain countries will not necessarily put that country in a better economic position. These countries suffer from certain inefficiencies that are embedded in their infrastructure.


AEI WebinarsWebinars - Africa Webinars & Interactive Videos

Africa's Diamond Industry

Sudan: Darfur's Economy

You need to upgrade your Flash Player