Africa’s CDC Urges More COVID-19 Tests, Masks, As Continent’s Cases Top 500,000
African countries urgently need to scale up coronavirus testing and the use of face masks, a regional disease control body…
Category: Africa
African Economies Could Shrink 3.4% This Year, Rebound In 2021 -AfDB
Nigeria resumed domestic flights on Wednesday after a hiatus of around three months as Africa’s most populous country relaxes…
Ghana Reopens Over 600 Nigerian Shops
The President of National Association of Nigerian Traders (NANTS), Dr. Ken Ukaoha, has said that over 600 shops belonging to…
Border Closure: 3m Jobs Lost As Tough Times Hit Communities
Barely 10 months after closing Nigeria’s land borders over alleged security breaches and abuse of international trade facilitation procedure, the economy…
Pump Or Dump? With Oil In Decline, Africa Ponders Its Energy Future
As the COVID-19 pandemic bashes economies and demand for oil, many African nations dependent on exporting fossil fuels are “haemorrhaging”…
Eco Common Currency And Gulf Between
If it goes according to schedule, the currency of the West African Economic and Monetary Union (UEMOA) since 1945, the CFA…
Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF
The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in Africa a total of…
Shops Of Nigerians In Ghana Will Remain Shut Until They Obey Rules—Ghana Trade Union
e Ghana Union of Traders Association (GUTA) has reacted to claims made by some Nigerian traders who protested at the…
Sending Money Within Africa: Here Are Reliable Platforms To Use
Although electronic mode of payments is becoming increasingly popular in sub-Saharan Africa, sending money across African countries is still quite…
Killing Of Ethiopian Singer Sparks Protests In Capital City
Youths enraged by the killing of a popular protest singer burned tyres during demonstrations in Ethiopia’s capital on Tuesday, in…
Wealthy Africans Shopping For Foreign Passports
A Nigerian passport, says Karo Agono, a Nigerian businessman, raises all sorts of “red flags”. For 15 years international deals…
South Africa’s Budget Deficit To Widen To 14.6% Of GDP
South Africa’s budget deficit is projected to widen sharply while debt is seen ballooning significantly, the Treasury said on Wednesday, as the…
IMF, Sudan Reach Agreement On Macroeconomic Policies Structural Reforms
International Monetary Fund (IMF) staff and Sudan have reached agreement on macroeconomic policies structural reforms that would underpin a 12-month…
Banks Warn Debt Forgiveness Will Hurt, Not Help Africa
Scrapping the debt of heavily indebted African nations will only come back to haunt them, according to two of the…
ECOWAS Endorse Okonjo-Iweala As DG Of The World Trade Organization
The West African Regional political and economic block, the Economic Community of West African States (ECOWAS), has announced the backing…
S&P Global Affirms AfDB’s AAA Rating, Projects Stable Outlook
S&P Global. a rating agency, has affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank…
Coronavirus: AfDB Forecast $88.3 Billion Drop In Africa’s GDP
The African Development Bank (AfDB) has projected that the ongoing Coronavirus (COVID-19) pandemic ravaging economies globally could cause Africa’s Gross…
AfDB Vice-President, Blanke, Resigns
The Vice President for Agriculture, Human and Social Development at the African Development Bank, Dr Jennifer Blanke, has resigned her…
Sudan Committee Seizes Bashir’s Bank Account, Closes FX Bureaus
A Sudanese anti-corruption committee said on Tuesday it had confiscated a bank account belonging to ousted President Omar al-Bashir and…
The South African Rand Leads African Currency Resurgence
The South African rand hit an 11-week high on Monday morning following a broad rally in African currencies last week,…
S.African Airlines Look To Restart Operations, Believes Recovery Could Take Three Years
Two of South Africa’s biggest private airlines will start flying between local airports this month after the government eased lockdown…
South African Shoppers Stock Up On Booze As Sales Resume
South African shoppers filled trolleys with cases of beer and cider and bottles of whiskey and wine on Monday as…
South Africa’s Credit Growth Slows To 7.37% Year On Year In April
Growth in private sector credit in South Africa in April slowed to 7.37% year on year from a revised 7.75%…
Sudan Recovers $4 Billion of Assets From Ex-President Bashir
Sudan has confiscated assets valued at $4 billion from former President Omar al-Bashir, his family members and associates, the country’s…
UK Contributes £20m To Africa’s Anti-COVID-19 Fund
United Kingdom on Thursday said it would be investing up to 20 million Pounds in the African Union’s new ‘Africa…
Coronavirus: How African Firms Are Being Impacted By The Lockdown
Although the transmission rate for coronavirus in Africa has so far been much slower than in Europe, the economic effects…
Kenya And Uganda Hit By Power Blackout
Kenya and Uganda were hit by a power blackout on Saturday, and Kenya Power said the outage on Kenya’s grid…
South African MPs’ Zoom Meeting Hacked With Porn
A virtual meeting held by a South African parliamentary committee has been hacked and the speaker abused. The programming committee’s…
South African Business Calls For Accelerated Restart of Economy
South Africa’s biggest business grouping urged the government to accelerate its phased approach to restarting the economy, days after the…