You should know
South Africa has regained the title of Africa’s largest economy, two years after Nigeria rebased its economy to claim the spot, according to IMF data. A recalculation using current exchange rates put South Africa on top because the rand has strengthened against the dollar. Nigeria’s currency has fallen sharply since a peg to the dollar was dropped. (BBC)
Zambians began voting for a new president and legislators on Thursday in what is expected to be a bruising battle against the backdrop of lethargic growth as weak commodity prices have hit Africa’s second biggest copper producer. (Reuters)
Tanzania plans to spend 7 trillion shillings ($3.21 billion) over the next five years to connect about 1 million rural households to electricity, a senior government official said.East Africa’s second-biggest economy wants to use some of its natural gas reserves to end power shortages and boost industrial growth. (Thomson Reuters Foundation News)
AfriLabs is holding its Annual Gathering in Africa for the first time this year. The event which usually brings together representatives of the African tech ecosystem is set to take place from October 25 to October 27, 2016 at iSpace Ghana, Accra. (Techcabal)
For 27 years, Africa International House (AIH) has brought the African Diaspora to the U.S. with their unique cultural celebration, the African Festival of the Arts (AFA). This year’s event will take place Labor Day weekend, September 2 – 5, in historic Washington Park. The theme of this year’s festival is Ruwadzano, which means ‘togetherness’ in the East African language of Shona in Zimbabwe. (PRNewswire)
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