African Export-Import Bank (Afreximbank) has disbursed US$200million to Zenith Bank Plc Nigeria under its Pandemic Trade Impact Mitigation Facility (PATIMFA). The funds will assist Zenith Bank to continue maintaining foreign currency trade flows impacted by the COVID-19 pandemic. They will also allow Zenith Bank to on-lend to eligible sub-borrowers involved in...
Chief Executive Officer (CEO) at Vodafone Ghana, Patricia Obo-Nai, has joined a host of African leaders and the international community to share her thoughts on Africa’s economic recovery after COVID-19 at this year’s Bruegel Annual Meeting. Bringing the private sector perspective on the panel, Patricia Obo-Nai disclosed that in March, when...
President Akufo-Addo has been elected as the Chairman of the Economic Community of West African States(ECOWAS). The election was held at the 57th ECOWAS Summit at the Mahatma Gandhi International Conference Centre in the capital of Niger, Niamey. President Akufo-Addo takes over from President Mahamadou Issoufou of Niger. Prior to the election of...
Indeed, COVID-19 has veered the economic activities of most African nations off the progressive development track; almost all African economies, including Ghana are struggling to patch the economic holes created by the menacing COVID-19 pandemic. In the wake of the unexpected outbreak, African countries’ ability to honour their debt obligations...
Africa is becoming a new COVID-19 epicenter. In recent weeks, South Africa reported a 60% increase in natural deaths, suggesting a higher COVID death toll than reported. And the World Health Organization recently warned that cases are proliferating across Sub-Saharan Africa, including my country, The Gambia. Unless the European...
The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, has approved a $400-million revolving global credit facility agreement for the Export Trading Group (ETG). ETG is one of the largest and fastest-growing integrated agricultural conglomerates in Africa. The agreement will enable ETG to keep playing its vital role...
There is a need to focus on fundamentals: producing more of what Africa consumes and consuming more of what Africa produces The COVID-19 pandemic and its health and economic impacts have forced a global rethink of the current multilateral framework and what it means for the future. For Africa, COVID-19...
Nigeria will block flights from countries that do not allow Nigerian flights to land due to coronavirus restrictions, Aviation Minister, Hadi Sirika said on Thursday. “The principle of reciprocity will be applied,” Sirika told reporters. “If you ban us from coming to your country, the same will apply the other...
Africa is beginning to slowly “bend the curve” of COVID-19 infections as measures like mask-wearing and social distancing slow down the spread of the pandemic on the continent, the Africa Centres for Disease Control and Prevention said last week Thursday. Although the spread of the COVID-19 outbreak was slow in...
Tanzania's shilling is expected to gain ground against the U.S. dollar this week, while Kenya's will weaken, traders said. KENYA The Kenyan shilling    is seen weakening due to dollar demand from merchant importers and firms in the energy sector, which normally increases in the last days of the month. Commercial banks quoted the...

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