Egypt to Resume International Flights from 1st July
Egypt plans to reopen all its airports and resume international flights asfrom 1st July 2020. International flights have been suspended since 19th March 2020 when Egypt took the step to [...]
Air Namibia Battles Possible Liquidation
Namibia's State carrier, Air Namibia, is facing possible liquidation after a streak of losses and government bailouts. In the past two decades, the Namibian Government has given the carrier about [...]IMF Grants Tanzania a $14.3M Debt Relief
The IMF approved a debt relief worth $14.3M over the next four months to free Tanzania's resources for emergency needs. The IMF will also grant Tanzania additional relief to cover [...]Multichoice Signs Streaming Deal With Netflix and Amazon
Multichoice has signed a deal with Netflix and Amazon to allow its users to access their services through DSTV decoders. The deal will not only help Multichoice retain its subscriptions [...]Nigerian Central Bank to Launch a Regulatory Sandbox
The Central Bank of Nigeria (CBN) is finalizing the frameworks to create a regulatory sandbox as part of its initiative to boost the adoption of financial services. Nigeria embarked on [...]Sub-Saharan Africa to Experience -1.6% GDP Growth in 2020 Deloitte
The Sub-Saharan region is projected to experience -1.6% economic growth in 2020 as its major economies face economic contraction. A Deloitte report reveals that all ten major economies in the region will [...]Absa Group Completes Separation From Barclays
Absa Group says it has completed a substantial portion of the separation program from Barclays plc which commenced in 2017. Barclays PLC in 2016 announced divesting from the African banking [...]
Ghanian Regulator to Reduce MTN's Dominance in Telecommunication
Ghana's communication regulator will implement policies to curb MTN's dominance in the country. Ministry of communication has directed the National Communication Authority (NCA) to implement regulations that will level competition. The regulations [...]Nigeria Unveils Digital Tax Targeting Internet Firms
Global technology companies are under siege as nations rush to compose digital economy taxation laws. Multinational digital firms such as Facebook, Uber, Bolt, and Netflix which have no physical presence [...]World Bank Projects a Sharp Decline in Tanzania's Economic Growth
The World Bank projects that Tanzania will experience a sharp decline in economic growth in 2020 due to the impact of COVID19. Preliminary simulations indicate that the decrease in growth [...]South Africa Negotiating $4.2B Loan From the IMF
South Africa is negotiating a $4.2 billion loan with the International Monetary Fund (IMF). President Cyril Ramaphosa intends to use the relief package to cushion the economybattered by COVID19 and [...]AfDB Issues $288.5 Million Loan to Support Nigeria's Economy
The African lender, AfDB, approved a $288.5 million loan to help Nigeria ease the impact of Coronavirus. The loan will also help the West African country through tough economic times [...]
