Ugandan security forces have killed forty one people over two days in operations to quell protests triggered by the controversial arrest of presidential candidate Bobi Wine as the government scuttled to send military troops in armored vehicles to rein in on growing peaceful protests. In a statement, police added that 65 people had been injured…
A total of fifty companies and financial institutions pledged $7 billion at the South African annual investment conference providing a huge boost to the government struggling to contain record economic recession. At the first conference in 2018, President Cyril Ramaphosa set a goal of attracting $78 billion of investment over the following five years to…
Total coronavirus cases in Africa have crossed the 2 million mark, however analysts believe that that the numbers are massively undercounted. Despite the slow addition of reported infections compared to other regions around the world, so far, the continent has recorded 2,040,000 cases, which represents under 4% of the world’s reported cases. Experts believe that…
Zambia Minister of Mines Richard Musukwa says that the copper producing nation is seeking a compromise solution with bondholders and does not expect them to seize its mining assets even though it defaulted on part of its debt last week. Musukwa also said that Zambia has no plans to sell its shares in mining companies…
Kenya’s government is planning to defer around $690 million in debt payments, a sharp u-turn after it declined to join the G20 coronavirus debt relief initiative earlier this year. In May, the Ministry of Finance said that it would not seek suspension of debt payments under the G20’s Debt Service Suspension Initiative (DSSI`) aimed at…