Africa is the biggest winner from the International Monetary Fund’s first batch of debt relief as 19 countries from the continent will get access to grants in order to mitigate the impact of the coronavirus pandemic. This fell short of requests by other African countries to bilateral and multilateral lenders to give them a break…
It has been over a week since South Africa went into a 21-day lockdown to fight the spread of the deadly Coronavirus and the divide between the haves and the have nots could not be more clear. To curb the disease, health officials advocate social distancing, frequent hand washing and staying at home. For the…
The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis. Globally, the livelihoods of some 65.5 million people are dependent on the aviation industry, including sectors such as travel and tourism. Among these are 2.7…
Ethiopian Airlines, Africa’s most profitable carrier, has suspended 60% of its passenger fleet in fear of the spread of the coronavirus. The Airlines which has been operating over 125 aircrafts with less than five years of age is also expected to delay its order of over 40 planes. While the measure is taken due to…
The proposed assistance will be channeled to the Intergovernmental Authority on Development (IGAD) AThe Board of Directors of the African Development Bank on Wednesday approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts that are threatening livelihoods and…
South Africa’s recession hit economy finds its self in a Covid-19 and junk status double whammy that will take years to get out of The current 21-day lockdown, aimed at reducing the virus will further hamper economic growth and over the weekend Finance Minister Tito Mboweni even mooted the idea of approaching the IMF and…
The immediate effect of Covid-19 for the sector has been on the demand for crude oil, and on its prices African governments set to see decline in revenues; Exploration projects put on hold; Thousands of local jobs at risk if nothing is done. While the short-term effects of Covid-19 on world economies are already being…
The country takes action to support its services industry and engages on an industry-wide dialogue to study other measures for upstream operators and ongoing midstream projects MALABO, Equatorial Guinea, March 23, 2020/ — The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea decided on the waiving of its fees for services…
As the world grapples with the fallout of Coronavirus and how to best manage the public health pandemic, eyes now turn to Central Banks and how they can help in containing the economic effects of the virus. Global central banks such as the US Federal Reserve, the European Central Bank, Chinese Central Bank among others…
While the coronavirus pandemic has suspended the 2019-20 NBA season, it has not lessened the league’s global impact and reach. Over the past week, 18 NBA and WNBA players created public service announcement videos to share important health and wellness information about ways to reduce the spread of the coronavirus. Those videos have generated more…
African Airlines have so far lost $40m since February due to Coronavirus. The International Air Transport Association (IATA) has warned that airlines globally stand to lose $29.3bn of revenue this year due to the coronavirus outbreak, of this Africa has so far lost $400m since February due to Coronavirus outbreak. The losses have come from…
The international air transport association (IATA) is appealing to governments in Africa to provide emergency support to airlines because air transport they say supports 6.2 million jobs. The aviation sector has been badly hit by the coronavirus pandemic leaving many airlines fighting for survival. Besides flight cancellations by passengers; several countries have imposed a complete…
January 18, 2019 The World Trade Organization (WTO), the International Monetary Fund, World Bank have called for greater trade integration in a bid to revive the multilateral trading system and keep pace with the volatile global economy. In a joint report titled “Reinvigorating Trade and Inclusive Growth” published by the last week, the trio stressed…
In a state of the nation address to the nation, on 13th February 2020, President Cyril Ramaphosa delivered a candid and brutally honest message to the South African public. Echoing through the halls of the parliament in Cape Town, the nation knew covid-19 was in the nation but the President’s tone on the day gave…
A passenger will be able to travel across Africa for $100.
Interview with Minister of Investment Affairs In Jordan.
As Rwanda plans to become entirely cashless by 2020; Tech companies like Yego motor, are maximizing on the opportunity. As part of their $14m investment, the company is set to venture into ecommerce.
Miner on a health mission.
We want to use sport as a tool to empower young people – Amadou Gallo Fall
Invest in Economic hubs if countries are to gain from the AfCFTA Agreement- #Afrochampions Interview with Samba Bathily