Kenya Airways receives $92 million in government funding
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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 hurt global aviation over the last financial year. The airline, which is majority owned by the government with Air France-KLM holding a small stake, secured $76 million from the National Treasury…

Despite doubts on effectiveness, Africa Union to plough ahead with using AstraZeneca’s COVID-19 vaccines
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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 cases of the South African strain of the disease, the head of the African Center for Disease Control (CDC) announced. South Africa’s temporary halt of the rollout of the vaccine because…

Uganda’s debt-to-GDP ratio to hit 50% by June
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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 to fund financial stimulus packages as the country suffers economic fallout from the COVID-19 pandemic. That marks an increase of about 9% in the debt-to-GDP ratio, from 41% in the financial…