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...
Shareholders of African Export-Import Bank (Afreximbank) have voted and re-appointed Prof. Benedict Oramah as President of the Pan-African multilateral financial institution for a second 5-year term.
The decision was announced in Cairo last Sunday following Afreximbank’s 27th Annual General Meeting of Shareholders which was held by circulation of resolutions due to the COVID-19...
The unfolding US-China power rivalry bears a striking resemblance to the tensions between the US and the Soviet bloc during the Cold War years. Back then, African countries were positioned like pawns on a grand chessboard. Their social and economic progress was hampered because they expended energy aligning themselves...
The African Development Bank has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s operations have continued to run smoothly since the first cases appeared in early March, despite the wide range of lockdowns and measures imposed by governments to flatten the curve.
The...