Remittances are a vital source of income for developing countries, and news that global remittances are projected to decline sharply by about 20 percent this year because the COVID-19 induced economic crisis sends the chill. The projected fall would be the sharpest decline in recent history largely due to a...
Travel restrictions, supply chain disruptions and risk aversion since the start of the COVID-19 pandemic have slammed the brakes on mining exploration in Africa, jeopardising the minerals supply pipeline. Inward investment will be a key focus at the annual Investing in African Mining Indaba virtual conference to be held on...
Five African Former Heads of State who attended the 7th African Leadership Forum in Accra last week, with the theme ‘Promoting Intra-African Trade to Unlock Agricultural Potential in Africa’, took time off their busy schedules to plant trees at the Kofi Annan International Peacekeeping Training Centre’s (KAIPTC) ‘Peace Garden’...
Automation, blockchain, cloud computing and digital solutions are changing the face of financial services Digital solutions remove the need for human interaction and promote financial inclusion Emerging markets are well placed to leverage the ABCD in their recoveries Digitalisation is set to continue expanding after the pandemic One outcome of...
With other development finance institutions, the Bank plays a critical role in financing electricity projects Kindergarten teacher Fatima Zahera Hagou recalls that just a generation ago, when the sun went down over the Moroccon countryside, her rural village of Dar Laain ground to a halt and locals bedded down for...
President Nana Addo Dankwa Akufo-Addo has called on American investors to take part in the extraordinary opportunities that exist in Ghana and on the African continent. “There is a lot of opportunity for American capital, technology and enterprise in Ghana, and indeed in Africa; and we welcome companies from all...
Zimbabwe has bought two Boeing 777 aircraft and an Embraer plane from Malaysia, the finance minister said on Wednesday, adding the planes would be leased to a new local airline until national carrier Air Zimbabwe returned to profitability. Patrick Chinamasa said Harare had agreed with an unidentified Malaysian firm to...
Nigeria will block flights from countries that do not allow Nigerian flights to land due to coronavirus restrictions, Aviation Minister, Hadi Sirika said on Thursday. “The principle of reciprocity will be applied,” Sirika told reporters. “If you ban us from coming to your country, the same will apply the other...
South Africa will learn soon whether Cyril Ramaphosa’s first month as president has saved the country’s last remaining investment grade rating, but even if it hasn’t, a broader rise in optimism should limit the damage. Moody’s, with a downgrade review on South Africa since last November, is to make a...
South Africa's embattled President Jacob Zuma has resigned from his office with immediate effect. He made the announcement in a televised address to the nation on Wednesday evening. Earlier, Mr Zuma's governing ANC party told him to step down or face a vote of no confidence in parliament. The 75-year-old has been...