EAC Adopts Regional Driver Surveillance System
East African Community members have agreed to adopt a regional electronic driver and cargo tracking system to find a regional response to stop the spread of COVID-19. The driver surveillance [...]
Somalia Revokes Licenses of Two Kenyan Airlines
Somalia has revoked the flight licenses of two Kenyan Airlines and banned them from flying into Somalia on the grounds of violating COVID-19 directives. The two Kenyan airlines, Buff Air Services, [...]South African Airways to Get $263.4 Million State Bailout
South African Airways (SAA) is set to receive $263.4 million (KSh 28 billion) in fresh bailouts as part of a restructuring plan that is seeking to save the airline from [...]Access Bank Injects $9 Million in Rwandan Subsidiary
Nigerian Access Bank has injected $9.3 million in its Rwandan subsidiary as it seeks to establish its dominance in the African Market. Its total capital investment in the subsidiary now [...]South Africa Partially Eases Lockdown Measures
South Africa on Monday, June 1 started easing lockdown measures. The nation hopes to resuscitate its economy by gradually opening up businesses. President Ramaphosa on Sunday announced level 3 measures [...]
Angola Renegotiating Debt Repayment as Crude Price Falls
Africa's second-largest crude producer, Angola, says it is in the process of renegotiating sovereign and commercial debt repayments. President Joao Lourenco, through a national address, said that COVID-19 has halted [...]Uganda Rejects Directive to Use SGR
Uganda government through the Minister of Works and Transport has written to Kenya's Transport Cabinet Secretary James Macharia expressing displeasure over the directive to use the Standard Gauge Railway to [...]AfDB to Probe President Adesina After US Pressure
African lender AfDB has agreed to launch a probe against its President Akinwumi Adesina after mounting pressure from the US Treasury, its second-largest shareholder after Nigeria. The examination follows pressure [...]Ghana’s mPharma Raises $17 Million in Venture Capital
Ghana's healthcare startup, mPharma, has raised a total of $17 million in its latest round of funding. The company has also appointed Helena Foulkes, former president of CVS, the largest [...]Tanzania Receives $2.4M From the US
The US embassy in Dar-es-Salaam says that it has given $2.4 million (KSh254 million) to Tanzania to help in the healthcare sector. The aid channeled through USAID will strengthen laboratory [...]South Africa to Ease Lockdown Measures
President Ramaphosa in his Sunday address said that South Africa will enter level 3 lockdown with effect from June 1, 2020. It means the government will begin opening up the [...]Nigeria's Economy Grows by 1.87% in Q1 2020
The Nigerian economy recorded a 1.87% Year on Year growth in Q1 2020. This is a decline in growth from 2.55% in Q4 2019. The nation also reported nominal GDP [...]
