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...
Not too long ago, when the idea of solar and wind energy was still hotly debated, critics used to point out the limitations of these energy sources: the sun doesn’t always shine and the wind doesn’t always blow. But nowadays many countries’ electricity grids are strongly supplied by renewable...
The burgeoning demand for digital financial services in Africa has brought about an unparallel increase in the size of the population with access to formal financial services on the continent – in Egypt, home of the biggest banking sector in North Africa and also the banking powerhouse of the...
When Khimbini Hlongwane spent most of his small safari tour company's savings on the deposit for a new minibus in February, it seemed like a safe bet.
His revenues had doubled in the previous year. And bookings by American, British, and Brazilian tourists hoping to catch a glimpse of elephants,...
Senegal has rejected licensing requests for 52 new industrial fishing vessels, after Senegalese small-scale fishers and industrial shipowners raised the alarm. On World Ocean’s Day, June 8, the Minister of Fisheries rejected the requests, in a victory for sustainable fisheries. Attention is now on a similar case in Ghana,...
Ivory Coast farmers say leaving crop to rot
Cashew prices at unprofitable lows, some farmers say
Africa raw cashew exports to fall 30% - industry body
Buying picks up in Ghana, output on track to reach target
Olivier Gore-Bi took out loans to ready his 12-acre cashew farm in...