More than half of Ghanaians of voting age surveyed in the Ghana Election Poll do not think the country is ready for another political party outside the ruling New Patriotic Party (NPP) and the main opposition National Democratic Congress (NDC).
The Development Bank of Southern Africa (DBSA) announced the financing of a R3 billion loan to City of Johannesburg (COJ) and R1.5 billion to City of Tshwane (COT).
[Rwanda] HAPSMobile and Ministry of ICT to review use of high altitude platform stations to provide mobile internet connectivity
Rwanda Ministry of ICT and Innovation and HAPSMobile have signed an MOU to conduct a Joint Research Project on use of High Altitude Platform Stations (HAPS) to provide mobile Internet connectivity in Rwanda.
The Tripartite Council of Ministers of three regional economic communities in the eastern and southern Africa have approved new harmonized trade and transport facilitation guidelines.
The World Bank approved a $40 million grant from the International Development Association (IDA) to support investment and growth of Small and Medium Enterprises (SMEs) in non-mining productive sectors.
WFP urgently seeks international support to prevent millions of Zimbabweans plunging deeper into hunger
With COVID-19 aggravating an already severe hunger crisis in Zimbabwe, the United Nations World Food Programme (WFP) appealed for an additional $250 million to support a rapidly expanding emergency operation for millions at risk.
Total announced that its 58% owned affiliate Total Gabon has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields, along with its interests and operatorship in the Cap Lopez oil terminal.
The National Information Technology Agency (NITDA) has adopted 130 farmers into the National Adopted Village for Smart Agriculture programme to provide Nigerian farmers with means to showcase their farm produce in the digital world market.
The High Court delivered the Judgement on the Eskom Board review of the National Energy Regulator of South Africa’s (NERSA’s) decision on the Multi-Year Price Determination (MYPD), which requires Eskom to recover the R69bn.
OpenText has announced the Department of Social Development of South Africa has deployed OpenText Documentum xCP, a case management framework to digitize its social assistance appeals process.
Global Petroleum announces that in connection with its licence PEL0094 offshore Namibia, the Ministry of Mines and Energy in Namibia has agreed to extend the licence sub-period from September 2020 to September 2021.
The South African Reserve Bank (SARB) has imposed administrative sanctions on three life insurers and directed them to take remedial actions.
The United States Trade Representative and Kenya Cabinet Secretary for Industrialization, Trade, and Enterprise Development formally launched trade agreement negotiations between the United States and the Republic of Kenya.
As a major integrated LNG project in Mozambique advances toward fruition, the EXIM has reaffirmed its continuing support for the development by initiating the process of providing $4.7 billion in financing.
The USTDA has awarded a grant to Nigerian natural gas supply company Green Liquified Natural Gas to support Nigeria’s increased utilization of natural gas for power generation, local industry and additional economic growth.
ION Geophysical announced the first 3D multi-client program in Mauritania in partnership with the Ministry of Petroleum, Mines and Energy.
IFC has launched an initiative to strengthen health systems by encouraging providers, payors, and investors to adopt a set of 10 ethical principles that can help guide decision-making and improve access to quality, affordable care for all.
The African Continental Free Trade Area (AfCFTA) represents a major opportunity for countries to boost growth, reduce poverty, and broaden economic inclusion, a new World Bank report has found.
TMEA, AERC partner to increase availability of data, build evidence for policy decisions in East Africa
East Africa trade body TMEA and African Economic Research Consortium (AERC) have partnered to support a research programme that will increase the availability of data and evidence to support inclusive trade and gender policies in East Africa.
The First Bank of Nigeria announced that thousands of students have been signing up to access the e-learning solutions for free which is provided in partnership with Roducate and Lagos State Government.
Zenith Energy has submitted a comprehensive commercial and technical offer to the Ministry of Hydrocarbons of the Republic of Congo for the attainment of a new 25-year license for the Tilapia oil field, to be named Tilapia II.
Malawi’s three-year trajectory of increasing economic growth has been interrupted by the global COVID-19 (Coronavirus) pandemic, but the full extent of the pandemic’s negative impact is still uncertain as the crisis unfolds, says World Bank.
The World Bank approved $150 million to enable greater access to higher quality secondary education among Ugandan children in safer and better equipped learning environments that are also supportive of girls’ education.
The African Development Bank (AfDB) has approved a loan of $288 million to the government of South Africa, as the country battles one of the largest COVID-19 caseloads in the world.
Belgium has contributed to an anticipatory action project aimed at enhancing the food security and nutrition of populations affected by COVID-19 in Zimbabwe.
A COVID-19 dashboard has been launched by the Commonwealth Secretariat to help member countries make vital decisions during the ongoing crisis.
Plans by the Republic of South Sudan’s Ministry of Petroleum to launch a new licensing round earlier this year have been derailed.
The Nigerian Communications Commissions (NCC) has reiterated its committed to the creation of an enabling environment for competition among operators in the industry:
The Ghana Export Promotion Authority (GEPA) has handed over seeds valued at about Ghc90,000 to the Vegetable Producers and Exporters Association of Ghana (VEPEAG).
U.S. International Development Finance Corporation (DFC) has announced that it is launching the Africa Investment Advisor Program, which establishes a regional team based in Africa.
Ghanaians are upbeat about participating in the electoral process with eight out of every ten people of voting age confirming that they will vote in the next set of leaders come December.
Less than five months to Ghana’s general election and despite the coronavirus pandemic that continues to devastate global economies and households, Ghanaians are upbeat about participating in the electoral process.
COMESA has developed an online portal to be used by Member States to exchange information on availability of essential products within the region.
Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa.
The International Monetary Fund (IMF) approved a grant under the IMF’s Catastrophe Containment and Relief Trust (CCRT) to cover Burundi’s debt service falling due to the IMF from July 21, 2020 to October 13, 2020, equivalent of $7.63 million.
UNICEF and the Government of Puntland in Somalia have launched the Learning Passport, a digital remote learning platform where children can access educational content both online and offline from their homes.
The French Development Agency (AFD) has signed two grant agreements amounting to €20 million in support of the culture and agriculture sectors in Ethiopia.
Africa Investment Forum founding partners unveil unified COVID-19 response to support Africa’s private sector
Increased and decisive investment will be the channel for Africa’s economic recovery post COVID-19, partners of the Africa Investment Forum said, expressing confidence in the continent’s potential to rebound from the ongoing health and economic crises.
15.4 million cases of acute malnutrition in children under five years old are expected in 2020 in West and Central Africa if adequate measures are not put in place now, warns UN agencies, UNICEF and WFP.
A new Memorandum of Understanding signed between ICLEI Africa and the Development Bank of Southern Africa will enable the two organisations to align efforts and better facilitate the flow of finance to local and subnational governments.
Given the current global Covid-19 storm sweeping the world, Kenyan consumer confidence for quarter 2, 2020, was unsurprisingly down 11 points to 88 - a significant drop from what we have seen in the past for Kenya.
Ebola outbreak in the Democratic Republic of the Congo’s (DRC) Equateur Province continues to grow, causing major concern as the World Health Organization (WHO) and partners face critical funding gaps.
The World Bank approved $125 million International Development Association (IDA) credit to increase equitable access to quality general secondary education and to strengthen skills development programs particularly for girls in Cameroon.
The Japan Bank for International Cooperation (JBIC) signed a loan agreement in Mozambique LNG project financing amounting up to $3 billion.
IFAD announced support for a new project to boost agricultural productivity, improve food and nutrition security and build the resilience of at least 218,000 rural families in Angola who are vulnerable to climate shocks.
Ghana’s Food and Drugs Authority (FDA) has launched the Progressive Licensing Scheme (PLS) for Small Scale and Cottage sized Food Processors.
Guinea will join one of the largest affordable housing initiatives in the world, following a new agreement that will see some 200,000 affordable homes built over the next 10 years.
Germany mobilizes additional €13m for Namibia to mitigate COVID-19 challenges in conservation, tourism sector
The German Federal Government has mobilized additional resources of €13 million to support the Namibian Government, through the Ministry of Environment, Forestry and Tourism, in mitigating the challenges of the COVID-19 pandemic.
USAID announced $15 million to support a partnership between Arizona State University and the Kwame Nkrumah University in Ghana to create an innovative research and training center to improve African supply-chains.
Herders in Africa’s arid Sahelian region follow a seasonal cycle as they seek greener pastures for their livestock. Every year, thousands of men and beasts travel what’s known as “transhumance corridors” in a pilgrimage as old as time.
By cutting the crossing time to a maximum of half an hour, the One-Stop Border Post project has boosted trade and tourism between Kenya and Tanzania.
The World Bank has classified Mauritius as a high-income country for the first time, joining Seychelles as the second high-income economy in Africa.
The shareholders of the European Bank for Reconstruction and Development (EBRD) have approved an application by Algeria to become a member of the multilateral financial institution.
Before the pandemic, when tourists flocked to Cape Town, they often ignored Khayelitsha township.
The World Bank discussed the Rwanda Country Partnership Framework (CPF) for the period 2021-26, to guide the Bank’s work for the next 6 years supporting the Government of Rwanda’s strategic priorities.
Economic disruption caused by the COVID-19 pandemic has pushed East Africa’s growth projection for 2020 down to 1.2 percent, a rate that outstrips other African regions and is forecast to rebound to 3.7 percent in 2021, according to the AfDB.
African Church leaders are highlighting the need to tame the continent’s persistent post-harvest losses, as organizations point at rising food insecurity due to the coronavirus pandemic.
The Nigerian Communications Commission (NCC) has created a Digital Economy Department principally responsible for implementing programmes and policies aimed at fully supporting and promoting the national digital economy agenda.
Australian exploration company Pensana Rare Earths has listed its Longonjo project in Angola on the London Stock Exchange, representing the U.K.’s first resources-focused IPO since COVID-19.
UNHCR and the World Food Programme are warning that severe underfunding, conflict and disasters, as well as supply chain challenges, rising food prices and loss of income due to COVID19 threaten to leave refugees across Africa without food.
Orange Egypt, provider of integrated telecommunications services has been ranked the first in the speed of data services for almost a year since the inception of issuing the NTRA’s monthly report on the quality of communications network services.
The African Union Commission has launched the Africa Centres for Disease Control and Prevention (Africa CDC) Consortium for COVID-19 Vaccine Clinical Trial (CONCVACT).
The OPEC Fund for International Development (the OPEC Fund) signed a $20 million loan agreement with the Republic of Mali to finance a road project that will improve links to economic centers and social amenities.
Uganda’s real gross domestic product (GDP) growth in 2020 is projected to be between 0.4 and 1.7% compared to 5.6% in 2019, according to the latest edition of the Uganda Economic Update released by the World Bank.
The United Nations World Food Programme (WFP) launched a large-scale food and nutrition intervention to assist nearly one million people in the northern and central regions of Mali.
The COMESA National Federation of National Associations of Women in Business (FEMCOM) Chapter in DR Congo has embarked on a $2.3 million project to support women in business.
Africa’s growth stands to rebound to 3% in 2021, provided that governments manage the COVID-19 infection rate well, African Development Bank says in African Economic Outlook 2020 Supplement.
The Government of Madagascar received a cheque of $2.13 million from the African Risk Capacity Insurance to cover anticipated losses to livelihoods of its vulnerable population from the crop failure in the just concluded farming season.
In order to facilitate transitional arrangements in the coffee sector, the Capital Markets Authority (CMA) in Kenya has issued guidance to support sector players.
An EU Humanitarian Air Bridge flight arrived in Mogadishu from Brindisi, Italy, carrying humanitarian and medical supplies provided by the Italian Ministry of Foreign Affairs and International Cooperation.
The World Bank approved a total of $157 million for the Malawi Watershed Services Improvement Project composed of a $78.5 million credit and $78.5 million grant from the International Development Association.
The African Energy Chamber expresses its concerns over the alleged arrest and detention of three energy executives in Tanzania last week.
Merck Foundation in partnership with African First Ladies and Ministries of Health, continue to provide one, two- and three-year Oncology Fellowship and Master degree for African doctors through their Cancer Access Program.
Konnect Africa, a subsidiary of Eutelsat Communications has proposed to offer broadband internet connection to isolation centers to fight against Covid-19 in Sokoto, a north-western state in Nigeria.
BUA Cement to establish ultramodern 3,000,000 metric tonnes cement plant, 50mw power plant in Adamawa, Nigeria
West Africa’s BUA Cement announced it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria.
The COVID-19 crisis has revealed both hairline fractures along borders in East Africa and the potential to solve them through better regional coordination.
Following an evaluation of the exploration potential of the blocks and an assessment of the report of the pre-feasibility phase of the EIA, Sasol has decided to relinquish its exploration license in Blocks 16 & 19 offshore Mozambique.
The Government of Sudan last month began facilitating the return home of the first of an estimated 15,000 Sudanese nationals stranded overseas, many in urgent need of assistance, with the support of IOM.
The government of Madagascar received a check of $2.13 million from the Insurance Company of the Pan African Risk Management Mutual (ARC) to cover the loss of livelihoods of its population caused by climatic disasters.
A funding shortfall of $158 million this year is threatening millions of people in Ethiopia who depend on food and nutrition assistance for their very survival, the United Nations World Food Programme (WFP) warns.
The Minister forTrade, Industry and Competition issued a trade policy directive to the International Trade Administration Commission of South Africa to urgently look into measures to help support the metals industry.
The Minister for Trade, Industry and Competition (the dtic) , Mr Ebrahim Patel gazetted amendments to the Sugar Industry Agreement and South African Sugar Association Constitution.
The Nigerian Minister for Agriculture and Rural Development Alh. Mohammad Sabo Nanono flagged off the distribution of wet season farming support for improved rice production technologies among rice farmers at Tofai community.
The Government of the Democratic Republic of Congo and TradeMark East Africa (TMEA) are working on the construction of the One-Stop Border Post (OSBP) at Mahagi in Ituri Province, on the border with Uganda.
The United Nations World Food Programme (WFP) has launched cash transfers and nutrition support for more than a quarter of a million people struggling to survive from the impact of COVID-19 on informal settlements in Nairobi.
Toyota Kenya truck and buses division has gifted Kisumu County Economic Forum a Hino 500 GT truck to boost the County Government’s food distribution drive.
A mobile-based tool for two-way information and communication between citizens and governments during the coronavirus pandemic has been launched.
Businesses now have free access to a one-stop shop with the information they need to trade effectively as the global economy recovers from the effects of the coronavirus crisis.
The World Bank approved $315 million from the International Development Association (IDA) to support job creation, skills development and digital transformation in Ghana.
As a sign of its strong commitment to Africa, the World Bank’s Sub-Saharan Africa Regional portfolio will now be managed by two Vice Presidents, covering Western and Central and Eastern and Southern Africa, respectively.
The World Bank approved a $40 million International Development Assistance (IDA) grant for Somalia as part of the Emergency Locust Response Program, which seeks to respond to the threat posed by the locust outbreak.
The World Bank approved a $50 million grant to support the Government of Sierra Leone’s flagship program for Free Quality School Education launched in 2018.
The United Nations World Food Programme (WFP) received Japanese Government contribution of $ 700,000 that will enable WFP to provide food assistance to some 30,000 vulnerable people in Namibia.
The Zambia Digital Economy Diagnostic, a new report developed by the World Bank, finds that Zambia is making significant strides towards the use of digital tools to achieve the social and economic transformation goals set forth in its Vision 2030.
The United Nations Children’s Fund (UNICEF) and World Food Programme (WFP) have launched a three-year partnership in Ethiopia to support the Government in preventing acute malnutrition in children and mothers.
The African Development Bank approved a donation of 1.1 million US dollars to the Rwandan government for the implementation of the Project of commercial competitiveness of the value chain of the meat.
The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, according to the latest World Bank Nigeria Development Update (NDU).
With 1.2 billion people and the youngest population on the planet, the African continent has great potential and much room for improvement to become one of the most vibrant economic centers globally.
The Anti-Counterfeit Authority released the findings of a National Baseline Survey on the extent of counterfeit and other forms of illicit trade in Kenya.
The President of Ghana launched the Ghana Accountability and Learning Outcomes Project (GALOP), which will help drive standards and quality in some ten thousand low-performing basic schools across the country.