Rwanda GDP Growth Slows to 3.6% in Q1 2020
Rwanda’s economic growth slowed to 3.6% year-on-year in the first quarter of 2020, compared to 6.1% in same period last year, and 8.4% in the last quarter of 2019. That [...]
AU Sanctions South Sudan
The African Union (AU) has sanctioned South Sudan after the government failed to pay its overdue membership fees worth over $9 million. Last week, delegates from the country could not [...]Rwanda Unveils $3.5 Billion Budget
Rwanda, considered one of the fastest-growing economies in Africa, has unveiled a 3.2 Trillion Rwandan Francs (about US$ 3.5 Billion) 2020/21 national budget. The focus of this new fiscal plan [...]
World Bank Grants Somalia $55 Million For Reforms
The World Bank's Board on Tuesday approved a $55 million grant to Somalia's reform program as the country faces multiple crises. This supplemental funding will help Somalia further policies for [...]Andela Closes All Offices in Africa
Software Company Andela is reportedly closing all its offices on the continent and selling its equipment to select staff. This news comes a month after the company fired 135 employees [...]SP Global Affirms AfDB's AAA Rating
SP Global Ratings agency has certified its AAA/A-1+' long- and short-term issuer credit assessment of the AfDB (African Development Bank) with a stable outlook. The rating agency positively assessed AfDB's [...]Data Privacy Laws Take Effect in South Africa
South Africans will enjoy more data privacy as the Protection of Personal Information Act (PoPI) takes effect on July 1. The data privacy laws offer guidelines for companies to use [...]Hope as Egypt Receives Approval For Safe Travel
Egypt will open its borders from July 1 after theWorld Travel and Tourism Council(WTTC) granted it a safe travel stamp. The country received approval on Saturday, after its consistent effort [...]Reprieve as Poorest Countries to Save $12 Billion in Debt Relief
Data from the World Bank reveals that the world's poorest countries could save up to $12 billion, which they owe to sovereign nations and other creditors this year through their [...]Amazon Announces 3000 Jobs in South Africa
Amazon has announced plans to hire 3000 South Africans this year on a work-from-home policy. The South Africans will virtually provide customer service and technical expert roles to Amazon customers [...]
Kenya Clinches Non-Permanent Seat at UN Security Council
Kenya clinched non-permanent seat at the UN Security Council (UNSC) after garnering 129 votes which is above the required threshold of two-thirds of the cast votes. Its main rival Djibouti [...]Sporting Activities Resume in Tanzania
Sports and other related activities have resumed in Tanzania, making it the first African country to resume a national league following its suspension due to the COVID-19 pandemic. As much [...]
