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). [...]
African Govts Step Up the Fight against COVID-19
In the recent wake of the COVID-19 pandemic, a number of African governments have stepped up the fight against the virus, seeking to cushion their citizens and economies against the [...]AfDB's $3 Billion Bond Lists on LSE
The African Development Bank's (AfDB) $3 billion Fight COVID-19' social bond has listed on the London Stock Exchange (LSE), thus making it available to investors through the Sustainable Bond Market [...]IMF Disburses KSh11B to Rwanda for COVID-19
The International Monetary Fund (IMF) has disbursed KSh11 billion ($109.4 million)for combating COVID19 in Rwanda. The funds will be drawn under the Rapid Credit Facility. Rwandese authorities have taken tough [...]
US EXIM Bank Greenlights $91.5 Million Financing for Senegal's Renewable Energy
The US EXIM (Export-Import Bank of America), has given the green light of a loan guarantee financing of $91.5M to the Republic of Senegal. The funding will boost the West [...]AfDB Gives $2 Million to WHO's Africa Response
The African Development Bank (AfDB) has approved a $2 million emergency funding for the World Health Organization (WHO) to help African countries fight the COVID-19 pandemic impacts. According to WHO, they [...]Vodacom Cuts Data Prices by Up to 40%
South Africa's Vodacom has cut data prices by up to 40%, while at the same time launching the ConnectU, a zero-rated platform that enables users to access essential services for [...]Rocket Internet Sells 11% Stake in Jumia
German tech investor, Rocket Internet, has sold its 11% stake in Africa e-commerce platform, Jumia. Although the company did not reveal how much they made from the sale, Bettina Curtze, [...]
