Digital Purchases To Be Taxed At 1.5% In Kenya
Kenya plans a 1.5% digital tax on the value of online transactions, according to proposals in the Finance Bill 2020,…
Category: Africa
Coronavirus: Why Are Some African States Easing Lockdowns?
African countries have fewer coronavirus cases than much of the world, but weaker healthcare systems do put the continent at…
Madagascar To Start Trials For Coronavirus Herbal Treatment
Madagascar’s president has said that the country will begin clinical trials for an artemisia-based herbal remedy, which he says can…
IMF Approves $91 Million Loan To Malawi For COVID-19 Trade Balance Woes
The International Monetary Fund (IMF) has approved a $91 million loan for Malawi to help fund a balance of payments…
South Africa Seeking $5 Billion From Multilateral Lenders To Fight Virus
South Africa is seeking 95 billion rand ($4.99 billion) from multilateral lenders to help it fight the COVID-19 pandemic, a…
South Africa To Ease Virus Lockdown In Bid To Revive Economy
South Africa’s government will begin easing a lockdown that has devastated the economy from next month, and assess the levels of…
ECOWAS Appoints Buhari To Coordinate Fight Against COVID-19 In Africa Sub-region
Member countries of the Economic Community of West African States (ECOWAS) have appointed Nigeria President Muhammadu Buhari as the coordinator…
Ethiopian Airlines’ CEO Says The Airline Is ‘Fighting For Survival’
Ethiopian Airlines CEO Tewolde Gebremariam told an aviation conference in Addis Ababa the coronavirus pandemic was “a temporary problem” –…
South Africa’s Rand Opens Weaker As Fear Of Economic Contraction Grows
The South African rand opened weaker on Monday, mirroring moves elsewhere in emerging markets as fears over global economic growth…
AfDB Denies Funding Pipeline Project
The African Development Bank (AfDB) has described as inaccurate news article stating it plans to provide financial support to the…
IMF Urges African Countries To Remain Committed To AfCFTA
The Managing Director, International Monetary Fund (IMF) Mrs. Kristalina Georgieva has advised Africa not to deviate from its plans…
Rwanda Uses Drones To Help Catch Lockdown Transgressors
Tech-savvy Rwanda is using drones to keep residents of the capital Kigali informed of coronavirus lockdown measures – and help…
Covid 19 Lockdown: Food, Liquor Stores Looted In South Africa
South Africans attacked police officers on the streets of Cape Town on Tuesday as the effects of a Coronavirus inspired…
Coronavirus Will Likely Kill 300,000 African – UN Agency
The COVID-19 pandemic will likely kill at least 300,000 Africans and risks pushing 29 million into extreme poverty, the U.N.…
Africa May Rebound In 2021 But Coronavirus Impact To Endure – IMF
Africa is expected to reverse an economic contraction linked to fallout from the COVID-19 pandemic next year, according to the…
How The Spread Of Coronavirus Is Testing Africa
Africa has passed the grim milestone of 10,000 reported cases of coronavirus, along with more than 500 deaths, according to…
African Union Boss Condemns Trump For Cutting WHO Funding
The chairperson of the African Union commission, Moussa Faki, has condemned US President Donald Trump’s decision to halt its funding…
African Countries That Faced Ebola Use Lessons To Fight Coronavirus
African countries previously hit by deadly Ebola outbreaks are using the lessons they learned to fight the coronavirus pandemic, experts say,…
Coronavirus: A Million Face Masks Distributed Across Africa
A first delivery of medical supplies from the World Health Organization (WHO) has left a new regional distribution hub in…
IMF Grants Debt Relief For 19 African Nations
The International Monetary Fund has approved immediate debt service relief for 19 African countries for an initial period of six…
African Economies Hard Hit By Coronavirus Pandemic
Sub-Saharan Africa has not been as badly hit by the coronavirus pandemic as some other parts of the world, but…
Coronavirus: Ethiopia Prohibits Company Layoffs Under State of Emergency
Ethiopia prohibited companies from laying off workers and terminating employment in measures introduced as part of a state of emergency…
IMF Grants Tunisia $745m Loan To Combat Coronavirus
The International Monetary Fund on Friday announced the approval of a 745-million-dollar loan to help Tunisia cope with the economic…
South Africa Extends Lockdown By Two Weeks To Tackle Virus
Struggle against coronavirus is far from over, Ramaphosa says. Country has 1,934 confirmed infections, most in Africa
Ghana Virus Battle ‘Modestly Successful’ On Testing Progress
Ghanaian President Nana Akufo-Addo said the country is making progress to contain the spread of the coronavirus after an increase…
Coronavirus Can Still Be Contained in Most of Africa, WHO Says
Much of the African continent still has a chance to contain the coronavirus pandemic, according to the World Health Organization.…
Coronavirus: Africa Set For First Recession In 25 Years
The Sub-Saharan Africa region will see economic growth reverse and plunge to between -2.1% to as low as -5.1% this…
KFC Tells S.African Landlords It Won’t Pay Rents During Lockdown
KFC-owner Yum! Brands Inc. has told landlords in South Africa that the U.S. firm won’t be paying rent while outlets…
S. Africa’s Economy May Shrink By As Much As 4%, Reserve Bank Says
South Africa’s economy could contract by 2% to 4% this year due to the coronavirus pandemic and measures to curb…
Uganda Slashes Interest Rate To Record Low Of 8% As Coronavirus Bites
Uganda’s central bank cut its policy rate by 100 basis points on Monday to 8% to support the economy which…