The value of Apple’s stock fell again on Thursday, September 17 on the Nasdaq where the American manufacturer is listed. It was down 1.6% after having fallen by 3% during Wednesday's session. This decline is part of an overall decline observed on technology stocks that have driven the U.S. stock markets between late March and late August 2020. Apple posted a decline of 3.7% over the last 30...

The government of Ethiopia will soon build a national data center that is Tier 3 certified, meaning highly resistant to power interruptions and offering 99.982% data access availability. The Ministry of Innovation and Technology has completed the facility’s preliminary design and is now seeking a company for a design-build contract. The related tender will be launched this month, according to...

The European Investment Bank (EIB) has approved $14.9 billion in financing for post-covid-19 economic recovery and climate action worldwide. “The new EIB financing approved today shows how we are working with thousands of local partners to make a long-term difference in people’s lives during these challenging times,” said EIB President Werner Hoyer (pictured). Of this...

The International Monetary Fund (IMF) has approved an increase in financing for Angola under the Extended Fund Facility (EFF) agreement, which was concluded at the end of 2018. Initially agreed on at an amount of $3.7 billion, the total EFF financing for Angola will be increased by about $765 million. In addition to the initial objective of restoring external and fiscal sustainability,...

The e-commerce company Jumia strengthened its presence in Ghana by opening new delivery points across the country. With more than 20 pick-up stations already operational in Accra and Kumasi, the company announced the opening of new stations in Koforidua, Ho, Aflao, and Tamale. “At these new pick up stations, consumers can pick their orders, know more about Jumia, order and pay directly. We are...

In Africa, the number of people who have recovered from coronavirus continues to grow. According to the latest assessment by the African Center for Disease Control and Prevention (CDC), 1.1 million people have already recovered from the disease, out of 1.3 million cases recorded so far. The continent has recorded 32,809 deaths. The southern part of Africa is the most affected by the pandemic...

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 reported in a statement issued on September 16 by the Ghana Statistical Service. This decline is mainly due to the coronavirus pandemic which has not only created a health crisis but has also forced governments around the world to close their...

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 invested because adaptation itself reduces vulnerability,” said Ban Ki-Moon (pictured), former UN Secretary-General and current President of the Global Centre on Adaptation (GCA). The fight against climate change currently requires...

The activities of the Djibouti Sovereign Fund (Fonds Souverain de Djibouti – FSD) were officially launched on Monday, September 14 at the presidential palace in the capital. Following the implementation decrees promulgated on June 24, 2020, a special inter-ministerial committee was held under the high authority of President Ismaël Omar Guelleh, in the presence of the Prime Minister, members of...

Internet service provider Tizeti announced a partnership with Nokia to upgrade its telecom network in Nigeria and provide new offers to customers. Tizeti will deploy Nokia's AirScale Base Station TDD-LTE and Fastmile Fixed Wireless Access (FWA) gateways to deliver premium internet and Virtual Private Network (VPN) services to residences and Small and Medium Enterprises (SMEs). The solution will...