The Unemployment Insurance Fund (UIF), an entity of the South African employment ministry, announced the disbursement of R14.079 billion (about $765 million) to support workers affected by the lockdown measure ordered by the government to contain the coronavirus pandemic.
According to Teboho Maruping (pictured), the UIF Commissioner, the aid has benefited a total of 2,551,236 workers since April 16. South Africa is one of the most affected countries on the continent with 16,433 confirmed cases, 7,298 recovered patients, and 286 deaths.
On April 21, President Cyril Ramaphosa announced an additional response plan of $26 billion (about 10% of the country’s GDP) to deal with the economic and social impacts of the pandemic.
Borgia Kobri
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...
Silver hit a record $74.8 an ounce in late December 2025 Analysts see prices ranging from&nb...
US strikes in Sokoto test Nigeria's financial stability, causing Eurobond yields to surge and inve...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Nigerian naira posts first annual gain since 2012, up 7.4% Recovery driven by FX reforms, tighter policy, narrowed rate gap Analysts warn durability...
Burkina Faso to accelerate online justice services rollout from 2026 New platforms enable remote filings, documents, prison visit requests Reform aims...
OADC secures approval to acquire seven NTT Data centres in South Africa Deal expands footprint in Africa’s largest data centre...
Togo adopts 2025-2034 decentralization roadmap to strengthen local governance Policy targets capacity building, resource transfer, citizen...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...