When COVID-19 broke out in Africa, two non-African billionaires were among the first to donate masks, PPE’s, and other resources to support the fight against the pandemic across the African continent. Whilst their generosity and magnanimous actions were celebrated by African leaders, the same left us reflecting on the...
As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it.
Earlier this month, the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) described the low oil prices caused by the pandemic as a “golden opportunity”...
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...