Ghana Lifts Ban on Movement
Ghana has lifted the three-week-old restriction on movements of persons within parts of Greater Accra, Tema, Kasoa, and Kumasi metropolitan areas. However, speaking during a live televised address on Sunday [...]
SAA on Brink of Collapse as it Plans to Fire All Staff
South Africa's national airline, South African Airways (SAA) has announced plans to fire all its staff with effect from 30th April 2020. This comes after the government decline to provide [...]
150 Million Jobs in Africa at Risk Due to COVID-19
The number of recorded COVID-19 cases in Africa, stands at just over 21,000 as at April 19th, with 1,080 reported deaths. This number is still relatively small, but it is [...]Egypt Signs Long-Term Nuclear Energy Contract With Russia's ROSATOM
ROSATOM, through one of its enterprise Novosibirsk Chemical Concentrate Plants (NCCP) have signed a 10 year contract with Egypt. Based on the contract, ROSATOM will supply components of low [...]Bank of Uganda Issues Guidelines on COVID-19
Uganda's Central Bank, Bank of Uganda (BoU), has issued a raft of guidelines to cushion borrowers and lenders from the negative economic impacts of the global COVID-19 pandemic. The guidelines, [...]G20 Suspends Debt Repayment for World's Poorest Countries
Officials from the G20 countries (Group of 20 major economies) have announced plans to suspend both principal repayments and interest payments on loans for the world's poorest countries. The waiver [...]Nigeria’s Genomics Firm, 54gene, Secures $15 Million in Funding
Nigeria's genomics research, services, and development startup, 54gene, has raised $15 million (KSh 1.6 Bn) in its Series A round of funding. Investors who took part in the funding are [...]South Africa Stops Funding State Airline, SAA
The government of South Africa seems to have given up on its national carrier, South African Airways (SAA), seeing that it has denied the airline any further bailout. The government [...]Banks in Malawi Suspend Interest Principal Payment on Loans
Commercial banks in Malawi have suspended interest and principal payments for loans, for a period of three months. The move seeks to cushion citizens from the negative economic impacts of [...]Ethiopian Airlines Bags Deal to Ferry Kenya's Cargo
Africa's largest airline, Ethiopian Airlines, has bagged the prestigious deal to carry Kenya's cargo from JKIA to Europe and Asia using six of its passenger aircrafts. The move has attracted [...]AfDB Unveils $10 Billion Package for COVID-19
The AfDB (African Development Bank) has unveiled a $10 billion COVID-19 Response Facility to governments and the private sector, that seeks to enable regional member countries to mitigate impacts of [...]Sub Saharan Africa Faces Worst Recession in 25 Years
Sub Saharan Africa (SSA) is facing the worst recession in 25 years as the COVID19 pandemic continues to spread and halt operations. According to Africa Pulse, a bi-annual World Bank [...]
