More than 80% of people who tested positive to Covid-19 in Africa show no symptoms of the disease, according to a statement issued on September 24 by the...
Kenya announced the upcoming launch of a credit guarantee facility worth $92 million for businesses across the country. The new scheme mainly...
Africa CEO Forum and Deloitte have just released the second edition of the Africa CEOs Survey, a ranking of the most attractive countries for investments...
Cameroon now appears to have entered the assessment phase of its response plan against COVID19. The time has come to draw the first lessons from the...
Benin Terminal, the operator of the Port de Cotonou container terminal, took delivery of two new gantries on 20 September 2020. The new equipment will...
The government of Mozambique has asked the European Union for help in fighting against an Islamist insurgency in the north of the country.
Mozambique...
The President of the African Union, South African Cyril Ramaphosa (pictured), restated on September 22 the call for greater representation of African...
The Ivorian President Alassane Ouattara yesterday launched construction works for two new cocoa processing units in Abidjan and San Pedro. Each unit has...
Godwin Emefiele (pictured), governor of the Central Bank of Nigeria (CBN), announced on September 22 that the bank has lowered its key interest rate from...
Benin and Burkina Faso will set up a framework agreement for cross-border cooperation. Delegations from the two countries took part this week in a...
The World Health Organization (WHO) said on September 19 it will grant support to traditional medicine practitioners in the fight against the coronavirus...
The Central Bank of West African States (BCEAO) made a new liquidity injection for its member countries last week. A total of CFA3,350 billion...
The Ivorian ministry of transport revealed in a press released on September 18 that the transport sector has lost a total of CFA111 billion ($200...
The Republic of Congo has received a total of $540 million from various banks to boost its economic recovery. An announcement was made last weekend...
The Board of Directors of the African Development Bank on Wednesday approved a $500,000 emergency assistance grant to support international recovery...
The European Investment Bank (EIB) has approved $14.9 billion in financing for post-covid-19 economic recovery and climate action worldwide.
“The...
The International Monetary Fund (IMF) has approved an increase in financing for Angola under the Extended Fund Facility (EFF) agreement, which was...
In Africa, the number of people who have recovered from coronavirus continues to grow. According to the latest assessment by the African Center for...
Ghana recorded an economic contraction of -3.2% in the second quarter of 2020 compared to the same period in 2019 when the economy grew by 5.7%. This was...
By 2070, Africa's annual need to cope with the effects of climate change could amount to $200 billion. “An enormous amount of money will have to be...
The activities of the Djibouti Sovereign Fund (Fonds Souverain de Djibouti – FSD) were officially launched on Monday, September 14 at the presidential...
The Uganda National Roads Authority (UNRA) has signed three road construction agreements with the Chinese Chongqing International Construction Corporation...
Kenya’s budget deficit could rise above the 7.5% initially forecasted for the financial year 2020-21.
According to finance minister Ukur Yatani...
The African Leaders for Nutrition (ALN) have unveiled a position paper calling upon African Heads of State and Governments to ensure that financing for...
The Ethiopian state will issue new banknotes in the economy. This was announced by Prime Minister Abiy Ahmed on Monday, September 14.
The new measure...
Ban Ki-moon, Chair of the Global Center on Adaptation (GCA) and 8th Secretary-General of the United Nations will join African Development Bank Group...
Sudan’s sovereign council, which has been ruling the country since Omar al-Bashir was ousted, has just declared an economic “state of emergency”. The...
Over the past five months, Kenya lost about 2.5 million jobs in the tourism sector due to the coronavirus and its impact on the economy.
Najib Balala...
The International Monetary Fund (IMF) will revise upwards its 2020 growth outlook for Kenya. This was announced on September 9 by Tobias Rasmussen, IMF...
The African Development Bank’s Board of Directors on Wednesday approved $27.33 million in grants to boost the African Union’s (AU) efforts to...
As part of its youth support programme, Owendo Container Terminal (OCT) is covering the healthcare costs of some 100 Gabonese children aged 7 to 18 under...
The World Bank announced on September 8 it has granted new financing worth $750 million to Kenya. The financing is part of the Horn of Africa...
South Africa’s economy has entered a new recession with GDP sliding by 51% over the second quarter this year.
This is the fourth consecutive quarterly...
Giant rapper Akon (pictured) broke the ground on the construction of the green city ‘Akon City’ in Senegal. Construction works are expected to begin in...
WeLight, a specialist in the deployment of sustainable and accessible solutions for rural electrification in Africa, has announced the recruitment of...
The World Bank has just approved the appointment of the American Keith Hansen (pictured) as the new country director for Kenya, Uganda, Rwanda, and...
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