Kenya’s shilling is expected to weaken against the dollar this week , while Uganda’s will strengthen, traders said. KENYA The Kenyan shilling could come under pressure from end-of-month dollar demand from the energy sector and multinational companies paying dividends. Commercial banks quoted the shilling at 107.00/20 per dollar, compared with 106.70/90...
Traders see up to 30% losses due to COVID-19 restrictions Goods spoil as border closures disrupt food transport Trade frictions could contribute to food crisis - U.N. In ordinary times, it takes Boureima Diawara two or three days to truck his mangoes the 1,200 km (745 miles) from southern...
Coronavirus is threatening to undo recent gains made toward gender equality as millions of women and girls are predicted to have unwanted pregnancies and fall into poverty, world leaders said last week Thursday. A “wake-up call” is needed to protect women’s and children’s rights amid the pandemic, said the president...
Internet access expected to be key to continent’s post-pandemic socio-economic prosperity A new CEO Survey on Africa carried out by the global research and advisory company Oxford Business Group (OBG) in partnership with BASF looks in detail at how countries across the region are responding to Covid-19, which sectors...
Demand a new deal in and for Africa Advocate speedy implementation of AFCFTA Call for Increased Investment in Digital Connectivity Leaders across Africa and the globe have called for deeper collaboration between governments and private sector players to fight the COVID-19 pandemic. At the 2nd UBA Africa Day Conversations, screened...
The African Business magazine has released this year’s top-250 African companies survey, which highlights the overall carnage in African share valuations over the last year - and Ghana made only three entries. Ghana’s first entry was chalked by Tullow Oil, in 39th position with a market capitalisation of US$2,888million. Standard...
Senegal has demonstrated strong ambition for economic development and rapid progress toward becoming an attractive investment destination Although they are located 1,800Km from each other, Côte d'Ivoire and Senegal vie for the place of economic leader in West Africa - with a slight advantage for the former which, thanks to...
I wholeheartedly congratulate the Africa Day of all our African friends. The unprecedented conditions caused by the COVID-19 pandemic all over the world render the solidarity symbolised by Africa Day even more significant this year. The progress achieved in recent years by Africa in many fields and our developing partnership...
The Ghana Chapter of the Economic, Social and Cultural Council of the Africa Union (ECOSSOC) has cautioned political parties in the country not to engage in any activities that could threaten the peace and stability the country has enjoyed as it prepares to go for elections in December. “Ghana has...
Demand a new deal in and for Africa Advocate speedy implementation of AFCFTA Call for Increased Investment in Digital Connectivity Leaders across Africa and the globe have called for deeper collaboration between governments and private sector players to fight the COVID-19 pandemic. At the 2nd UBA Africa Day Conversations, screened...