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 [...]Gender Demographics in Africa's Digital Sector
Briter Bridges carried out a study, seeking to determine the Gender and Demographics in Africa’s Green and Digital Transformation. The research also aimed to unveil the co-foundingmembers and C-level executives [...]Ethiopia Invites Foreign Firms into its Telecommunication Industry
Ethiopia has launched an Expression of Interest Request for new telecommunication licenses as it liberalizes its telecommunication industry. Finance Minister Eyob Tekalign called foreign operators to officially express interest in [...]ARM to Sell Rwanda South African Subsidiaries
Cement maker, Athi River Mining (ARM), is looking to dispose off its subsidiaries in Rwanda and South Africa, a move that brings it closer to delisting from the NSE. According [...]South Africa Cuts Key Lending Rate to 3.75%
South African Reserve Bank has cut its key lending rate by 50 basis points from 4.25% to 3.75% the lowest on record. The Bank paints a grim picture of the [...]China's Huaxin Cement Buys Tanzanian Unit of ARM Cement
Huaxin Cement has bought the Tanzanian unit of Athi River Cement (ARM) Cement, Maweni Limestone Limited, to complete one production plant. A joint statement from PwC and Huaxin reveals that [...]Rwanda Deploys Robots in the Fight against COVID-19
The government of Rwanda has officially launched the use of robots in its fight against the global COVID-19 pandemic. The move seeks to reduce contact between medical practitioners and patients, [...]High Debt in SSA Likely to Amplify Impacts of COVID19
High debt levels among Sub Saharan Africa nations are likely to amplify the impacts of COVID19 on their economies. IMF Resident Representative for Kenya, Tobias Rasmussen, opines that pre-existing conditions [...]
