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What’s next for Africa’s struggling aviation sector?

On March 5th, 2020 this writer took a flight from Nairobi to Cairo. As usual, the airport in Kenya’s capital, Jomo Kenyatta International Airport, was busy and abuzz with activity; people from different nationalities all hassling to catch a flight to their various destinations. To have a seamless...

Despite doubts on effectiveness, Africa Union to plough ahead with using AstraZeneca’s COVID-19 vaccines

The African Union has denied halting the use of AstraZeneca’s COVID-19 vaccine but will target its use in countries that are yet to report...

Burundi, Tanzania excluded from the WHO’s COVID-19 vaccine rollout to African countries

The World Health Organisation (WHO) has excluded Burundi and Tanzania from the list of African countries set to receive COVID-19 vaccines through its COVAX...

Africa to receive COVID-19 vaccines by end of February, says WHO-led alliance

Africa will begin receiving COVID-19 vaccines from the COVAX scheme by the end of the month, with millions of doses of AstraZeneca shots already...

Ghana to get 17.6 million COVID-19 vaccine doses by June, says President Akufo-Addo

Ghana will procure 17.6 million doses of COVID-19 vaccines by the end of June with the first doses slated to arrive in March, President...

Zimbabwe to spend $100 million on COVID-19 vaccines

Zimbabwe’s government has allocated $100 million to acquire COVID-19 vaccine shots, though the plan awaits recommendation from local scientists on which type to buy,...

Headlines

What’s next for Africa’s struggling aviation sector?

On March 5th, 2020 this writer took a flight from Nairobi to Cairo. As usual, the airport in Kenya’s capital, Jomo Kenyatta International Airport,...

Kenya’s manufacturing hub raised hope for the flailing SMEs sector. So why did it fail?

When Joseph Gitile started his soap manufacturing business in 2017; he was exuberant and...

Sorry environmentalists, Angola’s appetite for more oil is irresistible

Africa’s second largest oil producer has a problem, and it’s one that is...

Nigeria’s economy exits recession with 0.11% growth in fourth quarter

Nigeria’s economy surprisingly came out of a recession in the fourth quarter, fuelled...

Makthar Diop becomes first African to head World Bank’s private sector arm

Makthar Diop, the World Bank’s vice president for infrastructure, has been appointed to...

DR Congo’s economy grew 0.8% in 2020 propelled by strong mineral activity

Democratic Republic of Congo’s economy thwarted a projected COVID-19 pandemic-induced recession in 2020...

Zambia’s central bank raises benchmark rate as it scales back projects to ease debt relief talks

Zambia’s central bank has increased its benchmark interest rate to 8.5% from 8%,...

South African Airways receives additional $346 million from govt to pay retrenched staff

South African Airways has received a further $346 million from the Department of...

Nigeria’s economic woes prolong as inflation rate continues to rise

Nigeria’s annual inflation rate jumped 0.72% to 16.47% in January from the previous...

Opinion

LAUNCH: THE STATE OF AFRICA 2020 CONFERENCE

Mansa Media in partnership with Afrochampions Initiative and ADS Group Launch "The...

New probe into Akinwumi Adesina could derail his quest for AFDB presidency

The African Development Bank which plays a key role in funding projects...

African Development Bank approves $288.5 million for Nigeria COVID-19 Response Support Program

The loan is the Bank’s initial response to help mitigate the slump...

Meeting Africa’s urgent liquidity needs while protecting its access to international markets

This Opinion is co-signed by the ministers of finance and / or...

Africa and the post-Covid19 World

Like it or not the coronavirus has fundamentally changed the way we...

Markets

Why diamond-rich Botswana must diversify its economy

As a duck is to water, the word “diamond” is synonymous with this southern African nation.

Nigeria’s economy exits recession with 0.11% growth in fourth quarter

Nigeria’s economy surprisingly came out of a recession in the fourth quarter, fuelled by growth in the agriculture...

DR Congo’s economy grew 0.8% in 2020 propelled by strong mineral activity

Democratic Republic of Congo’s economy thwarted a projected COVID-19 pandemic-induced recession in 2020 to grow 0.8% boosted by strong...

Zambia’s central bank raises benchmark rate as it scales back projects to ease debt relief talks

Zambia’s central bank has increased its benchmark interest rate to 8.5% from 8%, marking the first such raise since...

Nigeria’s economic woes prolong as inflation rate continues to rise

Nigeria’s annual inflation rate jumped 0.72% to 16.47% in January from the previous month, marking a 17th monthly increase...

MTN Group projects 2020 earnings to double on the back of $1.67 billion divestment plan

South Africa’s largest mobile operator by subscribers – MTN Group – projects its 2020 earnings to almost double, powered...
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DR Congo’s economy grew 0.8% in 2020 propelled by strong mineral activity

Democratic Republic of Congo’s economy thwarted a projected COVID-19 pandemic-induced recession in 2020...

Zambia’s central bank raises benchmark rate as it scales back projects to ease debt relief talks

Zambia’s central bank has increased its benchmark interest rate to 8.5% from 8%,...

South African Airways receives additional $346 million from govt to pay retrenched staff

South African Airways has received a further $346 million from the Department of...

Nigeria’s economic woes prolong as inflation rate continues to rise

Nigeria’s annual inflation rate jumped 0.72% to 16.47% in January from the previous...

Ethiopia turns to Burundi seeking to expand ties in the region

Compounded by crises in the north with the fighting in Tigray and a...

Africa Finance Corporation targets combining renewable infrastructure projects to attract more funding

Lagos-based Africa Finance Corporation (AFC) will shift its energy portfolio towards greener projects to...

Sudan accuses Ethiopian forces of incursion as land dispute threatens to escalate into full blown war

Sudan’s government has accused Ethiopian troops of entering its territory, further escalating a...

Kenya signals shift back to foreign debt as government eyes $2.27 billion Eurobond

Kenya will raise more money from foreign than domestic sources, as it restructures...

Entrepreneur Watch

What’s next for Africa’s struggling aviation sector?

On March 5th, 2020 this writer took a flight from Nairobi to Cairo. As usual, the airport in Kenya’s...

Why diamond-rich Botswana must diversify its economy

As a duck is to water, the word “diamond” is synonymous with this southern African nation.

Kenya’s manufacturing hub raised hope for the flailing SMEs sector. So why did it fail?

When Joseph Gitile started his soap manufacturing business in 2017; he was exuberant and very optimistic that within a...

Sorry environmentalists, Angola’s appetite for more oil is irresistible

Africa’s second largest oil producer has a problem, and it’s one that is uncommon in a region beset with...

South African Airways receives additional $346 million from govt to pay retrenched staff

South African Airways has received a further $346 million from the Department of Public Enterprises, which the struggling airline...

Africa Finance Corporation targets combining renewable infrastructure projects to attract more funding

Lagos-based Africa Finance Corporation (AFC) will shift its energy portfolio towards greener projects to attract greater investment from institutional...

Kenya signals shift back to foreign debt as government eyes $2.27 billion Eurobond

Kenya will raise more money from foreign than domestic sources, as it restructures its debt portfolio to take advantage of growing appetite for high-yielding...

Nigeria finalizes creation of $2.6 billion infrastructure firm

Nigeria’s president Muhammadu Buhari has approved the creation of a new entity that will focus on infrastructure development, with a seed capital of $2.63...

Lack of government intervention risks Ghana’s energy debt rising to $12.5 billion by 2023

Ghana is facing a potential economic crisis fuelled by mounting energy sector debt that could rise by 400% to $12.5 billion by 2023 should...

Kenya Airways receives $92 million in government funding

Kenya Airways has received a government bailout worth $92 million, as part of efforts to prop up the national carrier after the COVID-19 pandemic...

Uganda’s debt-to-GDP ratio to hit 50% by June

Uganda’s Ministry of Finance expects public debt will surge to 50% of its annual economic output by June this year, driven by fresh borrowing...

Ethiopia’s PM Abiy won the war in Tigray. Now the economy is bleeding.

In November, Ethiopia’s Prime Minister Abiy Ahmed – a Nobel Peace Prize winner – shocked the world when he ordered a military invasion in...

Sudan warns Ethiopia further filling of Nile dam threatens national security

Ongoing tensions over the Nile waters have heightened after Sudan’s Minister for Irrigation and Water Resources Yasser Abbas warned that any unilateral move by...

Air Namibia in limbo as government mulls implementing $461.6 million recovery plan

It’s crunch time for loss making Air Namibia with the government due to make a decision on the fate of the carrier...

Technology

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Kenyan flower sector decries losses due to lockdown in France

Thousands of farm workers in Kenya are on the verge of losing their jobs due to closure on sell of 'non-essential' items by supermarkets...

COVID-19: Hospitals embracing Tele-medicine to keep their business going as patients stay away.

With the rise in COVID-19 cases in Nigeria, hospitals are embracing telemedicine to keep their business going as patients stay away from their facilities due to risks associated with contacts. There has been a rise in remote consultation while tech companies in the country are rising the challenge of plugging the gap with telemedicine services.

Domestic flights re-opened in Nigeria with hike in flight costs

Domestic flights re-opened in Nigeria and despite hike in flight costs, flyers trooped out to travel to different destinations across the country after over three months of flight and inter-station travel restrictions.