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 [...]
Bank of Uganda Slashes Key Rate to 8%
The Bank of Uganda (BoU) on Monday cut the key interest rate to a record low of 8% a move meant to mitigate the effects of COVID19. BoU governor Emmanuel [...]Rwanda's Health-Tech, Kasha, Raises $1 Million for African Expansion
Healthtech e-commerce company focused on women’s health, Kasha, has received a $1 million investment from Finnish financier, FinnFund. The funding is set to increase the company’s presence in Rwanda and [...]AfDB Gives $1.5 Million to Fight East Africa's Locusts Invasion
The AfDB (The African Development Bank) has approved a $1.5 million emergency relief grant to the Intergovernmental Authority on Development (IGAD) towards fighting off the locusts invasion in East Africa. [...]Ethiopian Airlines Loses $550 Million to COVID-19
Africa's largest airline, Ethiopian Airlines, reports that it has lost about $550 million since the beginning of the year. This is a result of the global COVID-19 pandemic that has [...]Africa to be hit hard by COVID 19, says McKinsey
McKinseyCompany, a USA-based management consulting firm, has warned of a severe impact of COVID-19 on many poor households and small informal business in Africa in the coming weeks. This is [...]
COVID-19: Balancing the Recovery Approach for an African Economy
As economies in Africa were gradually exposed and had to begin dealing with the current COVID-19 crisis, there were several responses introduced to counter the primary threat of the virus. [...]
Japan Gives $7.5 Million to Fight East Africa's Locusts Invasion
The government of Japan has contributed a $7.5 million package to the United Nations World Food Programme (WFP), towards fighting the locusts outbreak in East Africa. The whole package will [...]World Bank Gives Financial Aid to More African Countries
The World Bank has approved different amounts of loans to various African countries, to help them mitigate the adverse impacts of the COVID-19 pandemic. Democratic Republic of Congo (DRC) The [...]Let Them Eat Cake! On Lockdowns and Dilemmas in Emerging Markets
Marie Antoinette, married to Louis XVI, when informed that many of her subjects were too poor to afford bread, allegedly responded with disdain: Let them eat cake (or more correctlybrioche). [...]
