It explored digital responses that can be quickly deployed to address the disruptions to food systems, caused by COVID-19 Africa must seize the opportunity of the COVID-19 pandemic to deepen the digitalization of agricultural value chains and transform the sector, speakers at a webinar jointly hosted by the FAO Investment...
African countries must look to their local and global bond markets to raise enough capital to reboot their economies, which have been severely ravaged by COVID-19, African banks bosses have noted. Group Chief Executive Officer (CEO) of Ecobank, Ade Ayeyemi and the CEO of Equity Group Holding, James Mwangi noted...
Africa already in recession before pandemic Bad debts could hit 10% as coronavirus knocks economy - BASA That would mark highest ever level, over the 6% seen in 2009 Banks expected to have sufficient capital to handle hit South Africa’s bad debts could hit 10% of bank lending this...
Kenya has delayed talks on a trade deal with the United States until a pan-African trade bloc comes into force, President Uhuru Kenyatta said last week Thursday, likely holding up what would be Washington’s first such pact in sub-Saharan Africa. U.S. President Donald Trump and Kenyatta agreed in February to...
Gold production in Democratic Republic of Congo continues to be systematically underreported while tonnes of the precious metal is smuggled into global supply chains through its eastern neighbours, a United Nations report has found. The countries along Congo’s eastern border have long been conduits for gold worth billions of dollars...
The executive committee of the African Insurance Organisation (AIO) has cancelled its 47th Conference and Annual General Assemblies, which were initially scheduled to be held from May 31st to June 3rd 2020. AIO is the umbrella-body of all Insurance Companies from the African Union (AU) countries. According to a release...
The annual Grand Prix Awards, which were held on 11 June 2020, in South Africa recognise the best performing dealers in the Volkswagen Brand. This year’s ceremony themed, ‘Made to Move You’ was slightly different. For the first time in the history of the Grand Prix Awards, the ceremony was...
Nigeria’s naira eased by 6.2% against the U.S. dollar on the official market on Wednesday after the government moved to converge its multiple exchange rate regime, traders said. The naira opened for trade at 385 per dollar on the market, supported by the central bank. It closed at 361 at...
The International Air Transport Association (IATA), Airports Council International- Africa (ACI Africa) and the International Civil Aviation Organization (ICAO) Regional Offices for African States are united in their call to governments in Africa to rapidly implement ICAO’s global guidelines for restoring air connectivity to ensure the safe and harmonised restart...
Tanzania has begun negotiations with creditors over a G20 nations initiative over debt relief, the finance minister said last week Thursday, part of efforts to mitigate negative economic effects sparked by the coronavirus outbreak. The initiative is geared towards delaying debt repayments beginning in May to December 2020, freeing up...