Stuck at home because of the lockdown, 25-year-old Ugandan Richard Kabanda is worried about feeding his family. The motorbike taxi driver, who used to earn about $2 (£1.60) a day, has had no work since the government banned public transport last month as part of measures to slow the spread...
African countries have fewer coronavirus cases than much of the world, but weaker healthcare systems do put the continent at risk. Lockdown measures can help prevent the virus spreading, yet governments have taken very different approaches to imposing restrictions on their populations. Are any countries lifting restrictions? Some, like Ghana, are now...
Tanzania’s President John Magufuli called on international creditors last week Wednesday to cancel debts owed by African nations to enable them use the savings to battle the coronavirus. Tanzania has so far reported 284 confirmed cases of COVID-19, the disease caused by the new coronavirus. Authorities have been urging people...
Some senior officials in the Trump administration have agreed to new measures to restrict the global supply of chips to Huawei Technologies, at a time when the COVID-19 pandemic impacts economic growth around the world. Under the proposed rule change, foreign companies that use U.S. chip-making equipment would be required...
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...
Tullow to use money to reduce $2.8 bln debt burden Targets divestments of at least $1 bln this year Total says pleased to acquire fields for less than $2/bbl Total has agreed to buy Tullow Oil’s entire stake in jointly-held onshore oil fields in Uganda for $575 million, Tullow...
The International Monetary Fund (IMF) has said that the coronavirus pandemic’s impact on Sub-Saharan African will come from three main shocks namely, economic disruptions, spillovers from global fallouts, and commodity price shocks. In its report released from the April 2020 virtual Spring Meetings on Sub-Saharan, the Bretton Woods institution said...
  Nuclear energy is one of the more attractive options when considering a clean, reliable and cost-effective energy source Despite its advancements over the years particularly in the oil, gas and power industries, it is no secret that Africa is still plagued with the very real issue of inefficient energy supply....
In early March, Ethiopian Airlines CEO, Tewolde Gebremariam told an aviation conference in Addis Ababa the coronavirus pandemic was "a temporary problem" -- comparable to a natural disaster or a spike in oil prices. Several weeks later Africa's largest carrier is locked in what Tewolde describes as "a struggle that...
A strong advocate for intra-African trade because of the manifold benefits it holds, David Ofosu-Dorte - Executive Chairman of law firm AB & David, is positing that African countries should position themselves well in commerce, so as to be known for the distribution of certain goods and services throughout...