TheWorld Bank has announced that sub-Saharan African economies will contract by3.5% in 2020 owing to the coronavirus crisis. Thepandemic could also reverse recent economic gains and push 40 million people inthe continent into extreme poverty. Thismarks the region’s first economic recession in 25 years. Accordingto the World Bank, economic growth in the region will recover…
The World Bank has announced that sub-Saharan African economies will contract by 3.5% in 2020 owing to the coronavirus crisis. The pandemic could also reverse recent economic gains and push 40 million people in the continent into extreme poverty. This marks the region’s first economic recession in 25 years. According to the World Bank, economic…
Ethiopian Airlines have offered operational aid to rival South African Airways (SAA) which includes planes, pilots and maintenance. The goodwill gesture that was announced by the CEO Tewolde GebreMariam, is however not enough for SAA. South African Airways, the national carrier of Africa’s most industrialized nation, requires a cash injection of $600 million to get…
Tanzania has launched a new umbrella organization that will bring together startups operating in the country. The body will be called Tanzania Startup Association (TSA), and its main target is to create a collective network of entrepreneurs and startup founders in Tanzania. Tanzania Startup Association was founded by long time successful entrepreneur Zahoro Muhaji. Muhaji…