More than 150 trained Red Cross volunteers have been deployed as part of a first wave of response to the latest Ebola outbreak in the Équateur Province, in the western part of Democratic Republic of the Congo.
Remittance flows to Sub Saharan African countries will drop by 23.1% from $48 billion in 2019 to $37 billion in 2020 in the wake of the Covid-19 economic crisis, according to the World Bank.
The East African Community (EAC) Partner States have adopted the EAC Regional Electronic Cargo and Drivers Tracking System that will be hosted at the EAC Headquarters in Arusha, Tanzania.
Almost five million people at risk of hunger, famine as Desert Locusts destroy crops across East Africa, report
Almost five million people could be plunged into hunger and famine as a fourth round of desert locusts hatch and ravage crops across the Horn and East Africa, compounding an already dire food situation worsened by the COVID-19 pandemic.
Global commodity food prices fell for the fourth consecutive month in May, as supplies appear strong and demand weakens due to economic contractions triggered by the COVID-19 pandemic, FAO reports.
Afreximbank is teaming up with International Trade Centre (ITC) to train small-business owners and young entrepreneurs in Africa to trade with other African countries as part of the new African Continental Free Trade Area (AfCFTA).
African equity capital markets activity see downward turn, but increase in domestic investors, report
Data presented from the PwC Nigeria 2019 African Capital Market Watch shows that African equity capital markets activity has seen a downward trajectory over the past three years.
The African Development Bank granted Abidjan a funding of $13.55 million to support the fight against the Covid-19 pandemic within the Economic and Monetary Community Central Africa (CEMAC) and the Democratic Republic of Congo (DRC).
Nestlé Kenya has donating KSh17.99million, approximately $170,000 in cash to boost the Kenya Red Cross Society efforts to respond to Covid-19 pandemic.
Malawi and Zambia recorded reduced trade flows in March and April according to the latest report from the COMESA Statistics on COVID 19 Impacts on Trade.
The Global Partnership for Education (GPE) will provide an additional $250 million to help developing countries respond to the immediate and long-term disruptions to education caused by the COVID-19 pandemic.
The African Development Bank (AfDB) approved a $500,000 emergency assistance grant to Egypt to provide food relief, and to contribute to restoring the livelihoods of vulnerable populations severely affected by COVID 19.
The African Development Bank approved an emergency project in favor of low-income countries members of ECOWAS for strengthening the health systems of The Gambia, Mali and Niger.
The World Tourism Organization (UNWTO) has released a set of guidelines to help tourism sector emerge stronger and more sustainably from COVID-19.
The WFP in Niger welcomed an additional €24 million contribution from Germany to scale-up resilience building at a time when Niger is facing the socio-economic impacts of the COVID-19 health pandemic on food security.
New swarms of locusts threaten to increase hunger in East Africa reeling from floods and coronavirus
Oxfam warns that millions of people in East and Central Africa, already suffering due to flooding and the impact of coronavirus, are at risk of increased hunger and poverty as the region braces for the latest generation of locusts.
The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year from fossil fuels to renewables and efficiency, the IEA said in a new report.
The COVID-19 pandemic has given rise to a new kind of African consumer who is already displaying fundamental shifts in consumption and purchase behaviour.
The South African Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries.
CNN International has teamed up with the United Nations World Tourism Organization, UNWTO, on a campaign that aims to drive imagination for future trips.
Nu Menu Solutions has introduced two products which will help in ensuring the safety and health of individuals in public.
The current global Coronavirus crisis has exposed many flaws and gaps in the way businesses operate, but what has become glaringly apparent is how organisations are not prepared to handle cybersecurity requirements of a remote workforce.
CNN International Commercial Vice President and Marketing Lead James Hunt discusses strategies the company has put in place while working with brands to remobilize as they adapt to the new world order.
The negative impact of the global Coronavirus lockdown on business and commercial operations around the world is grave.
Manufacturers and distributors are operating in intensely pressured times. Stats SA reported that manufacturing output contracted for the ninth consecutive month in February of 2020.
Urgent action is needed to safeguard the biodiversity of the world's forests amid alarming rates of deforestation and degradation, according to the latest edition of The State of the World's Forests.
The Director-General of FAO QU, has warned that efforts to control Desert Locusts will take time, noting increased concern for the Sahel and Southwest Asia is adding to the burden of efforts ongoing in the Horn of Africa and Yemen.
Driving Licensing Testing Centres, registering authorities, vehicle testing stations and driving schools in South Africa will resume their services with effect from 1 June.
With a proliferation of data emerging from the Covid-19 pandemic, data visualisation offers a fantastic opportunity to present all this information in an easy-to-digest format, and its applications are broad.
The United Nations launched ‘Verified’, an initiative to combat the growing scourge of COVID-19 misinformation by increasing the volume and reach of trusted, accurate information.
The President of the Republic of Ghana launched the GH¢1 billion Coronavirus Alleviation Programme Business Support Scheme.
Team Europe - the EU, Germany, the Netherlands, Belgium, France, Sweden and Denmark are bolstering food security in Kenya and the region with over Ksh 16 billion (EUR 140 million) at a time of crisis due to COVID-19.
Education Cannot Wait (ECW) announces a $1.5 million allocation to support the education in emergency response to the COVID-19 pandemic in Cameroon.
Pan African Financial group, UBA, has invested in cutting edge technology in a bid to boost its overall service offering to customers a development that has shown its unalloyed commitment to establishing its dominance across Africa.
[Kenya] Bankers survey projects pandemic-led business slowdown, highlights commitment to support economy
The Kenyan banking industry anticipates a business decline this year as the Coronavirus Disease (COVID-19) continues to affect economic activity across sectors.
The World Bank has approved a $1 billion budget support operation for Kenya, which helps close the fiscal financing gap, while supporting reforms that help advance the government’s inclusive growth agenda.
South African Basic Education Minister said schools will reopen on 1 June 2020 with Grade7, Grade 12 and small schools being the first learners to return to the classroom.
In Kenya’s coastal Mombasa County, Mercy Mghanga, reminisces her past, not so long ago, she sold tonnes of fish to five star hotels in the tourist town and exported the rest to China.
Tunisia has launched a contact-tracing mobile phone app that identifies and alerts users who may have had contact with others infected with the new coronavirus.
All the funds totalling R250 million assigned to Standard Bank by the South African Future Trust (SAFT) have been allocated to the employees of qualifying SMMEs, after six weeks of administering the fund.
The dire socio-economic consequences of the COVID-19 pandemic may more than double the number of hungry people in East Africa and the Horn over the next three months, a report from the United Nations World Food Programme (WFP) has found.
In response to how the global COVID-19 Pandemic has disrupted education and learning around the world, Ericsson has joined the UNESCO-led Global Education Coalition and launched Ericsson Educate.
The COMESA Secretariat has embarked on the assessment of the impact of the outbreak of COVID-19 on the Consumer Price Index (CPI) data collection.
With $9 million in philanthropic support, an international group of physicians and scientists is establishing a research network to evaluate promising therapies for COVID-19.
Orange Egypt announced its contribution to maintain and repair medical ventilators as part of the “Breathe” campaign in cooperation with the Egyptian Cure Bank and under the supervision of the Ministry of Health.
As businesses across the country start returning to work, the safety of employees and customers is of paramount importance; Vodacom has created specific digital solutions to support businesses as they navigate their return to work.
Every year, some nine million people worldwide – equivalent to the population of Austria – die of hunger or hunger-related diseases.
It is becoming clear that most – if not all – our major social, economic and political decisions over the next few years will be made through the prism of the coronavirus and the ripple effects of the pandemic.
Telkom Kenya customers will now have convenient and subsidised access to medical consultations through its partnership with Valentis Health, a doctor-founded healthcare service providing telemedicine.
The UN's Food and Agriculture Organization (FAO) is seeking $350 million to scale up hunger-fighting and livelihoods-boosting activities in food crisis contexts where COVID-19's impact could be devastating.
The Covid-19 crisis has, at least temporarily, brought thousands of people to the home office. The question is, what happens after the pandemic? Are companies returning to the old models with only physical presence?
More than 15 000 small-scale farmers from South Africa have been approved for R1.2 billion COVID-19 Agricultural Disaster Fund, according to Agriculture, Land Reform and Rural Development Minister.
The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million.
Khaltsha Cycles and Avalanche Bicycle Company have come together to launch the Heroes on Bikes campaign to raise funds towards supporting essential workers.
The World Bank approved a $137.5 million International Development Association (IDA) grant to help Somalia respond to and recover from multiple, ongoing, and overlapping crises.
COMESA convened a virtual meeting to approve a harmonized set of regional guidelines developed to facilitate movement of goods and services across the region during the COVID-19 pandemic.
COVID-19 will trigger a sharp drop in household incomes in Middle East and North African (MENA) countries that are fragile and in conflict situations, such as Afghanistan, Djibouti, Iraq, Lebanon, Sudan, and Somalia.
[South Africa] Employers of domestic workers, farm labourers called upon to apply for UIF lockdown benefits
The Department of Employment and Labour is making all efforts to reach domestic workers and farm labourers so that they can benefit from the COVID-19 relief scheme.
The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the latest UNCTAD data published in a joint report by 36 international organizations.
Against the backdrop of a devastating pandemic, the global economy is projected to contract sharply by 3.2 per cent this year, according to the United Nations World Economic Situation and Prospects (WESP) mid-2020 report.
Africa has so far escaped the worst health consequences of the COVID-19 pandemic.
The Johannesburg Stock Exchange (JSE) has announced that it will provide relief measures to market participants to counter the impact of the Covid-19 pandemic on their businesses, to ensure business continuity.
[South Africa] Eskom intensifies efforts to distribute free basic electricity to indigent households
In order to help alleviate the impact of the COVID-19 national lockdown on indigent households, Eskom has launched a campaign to raise awareness of the longstanding Free Basic Electricity programme.
Egypt’s economy will slow sharply this year because of the impact of the coronavirus, but will avoid a recession, according to the latest forecast by the EBRD.
Morocco’s economy will decline by 2 per cent in 2020 because of the economic impact of the coronavirus pandemic, but a 4 per cent rebound is expected in 2021, according to the latest forecast by the EBRD.
Norway has pledged to do more to assist these countries strengthen their health systems and assist vulnerable people,’ said Minister of International Development Dag-Inge Ulstein.
South African banks are now ready to accept loan applications from COVID-19 distressed businesses, as revealed by the National Treasury, the South African Reserve Bank and the Banking Association of South Africa.
As governments across the globe impose movement restrictions to prevent the spread of COVID-19, data from WorldRemit shows this is changing the way people send and receive money abroad.
New research from the United Nations World Tourism Organization (UNWTO) shows that 100% of global destinations continue to have restrictions on travel in place, and 72% have completely closed their borders to international tourism.
The European Bank for Reconstruction and Development (EBRD) is rolling out a programme in response to the economic impact of the coronavirus pandemic in Egypt, with a financial package for QNB ALAHLI.
In an effort to aid online learning, Standard Bank is now providing students with a Student Loan facility which allows access to funding for equipment such as laptops/tablets and software.
In recent years, working from home has been a perk for some. Suddenly it became an imperative for many, as demand for remote work soared globally in only a few weeks. This has been a profound shift for society at large.
Germany has reaffirmed its commitment to the long-term improvement of livelihoods and food security in Mali through an EUR 11 million contribution to the United Nations World Food Programme’s life-changing activities in the country.
The Economic Commission for Africa (ECA) has released a new report proposing to African nations various coronavirus disease (COVID-19) exit strategies.
The COVID-19 pandemic has caused a 22% fall in international tourist arrivals during the first quarter of 2020, the latest data from the World Tourism Organization (UNWTO) shows.
South African Airways (SAA) has reassured its customers and stakeholders that it will continue to operate repatriation and cargo flights during the month of May and beyond.
The Unemployment Insurance Fund (UIF) has disbursed almost R9.5 billion through the COVID-19 Temporary Employer/Employee Relief Scheme (TERS).
Poultry producers in Ghana are exploring new ways to facilitate training and conduct business online, while restrictions from the global outbreak of COVID-19 threaten to disrupt their livelihoods.
The outbreak of Covid-19 across the globe is presenting a unique set of challenges to industries and causing severe disruption to global value chains.
Necessity is the mother of all inventions. We are witnessing an increase in innovations as the world races to develop a vaccine to treat COVID-19.
Ecobank Group is leveraging its distribution and partner networks to raise awareness of literacy apps in the Google Play Store to support the education of children who are at home due to the COVID-19 pandemic.
International air transport and tourism bodies launch appeal to support African travel, tourism sector
Five international air transport and tourism bodies have launched an appeal to international financial institutions, country development partners and international donors to support Africa’s Travel & Tourism sector.
Restrictions on cross border movement imposed in response to the Coronavirus pandemic by countries in the region, have adversely affected the supply of seeds which may lead to food insecurity.
World food commodity prices declined for the third month in a row during April, as the economic and logistical impacts of the COVID-19 pandemic resulted in significant contractions in demand for many commodities.
The South African Revenue Service says the country’s tax and revenue performance has taken a knock as a result of an ailing economy compounded by the COVID-19 pandemic.
Ghana’s growing reputation as a west African powerhouse has been hard-won but the COVID-19 global pandemic is a big test of the country’s agribusiness and food supply resilience.
Business disruptions are becoming more common phenomena and can impact businesses of all sizes, this in turn can impact productivity, customer satisfaction, brand reputation and cause revenue loss.
Over 40 million people across West Africa face desperate food shortages in coming months, with COVID-19 restrictions being a new factor adding to people’s vulnerability, according to the World Food Programme (WFP).
Avatar Group has launched its specialist practice, Resilience at Avatar, to help leaders navigate these unprecedented times.
Beyond the COVID-19 health emergency, a recession looms, and countries ought to take measures now to soften the longer-term impacts on hunger and food insecurity, a new FAO policy brief says.
Temenos, Microsoft partner to offer fast access to AI-driven Temenos Financial Crime Mitigation SaaS Solution
Temenos, announced a joint effort with Microsoft to enable access to its AI-powered, Financial Crime Mitigation SaaS solution to allow banks protect both their customers and organization from financial crime increase during the pandemic.
Liquid Telecom Zambia is supporting the Ministry of Health with free internet connectivity at COVID-19 quarantine centres.
Liquid Telecom has connected Kibabii virtual school in Bungoma County to its high capacity fibre network with the latest digital and collaboration tools to enhance remote learning during the COVID-19 pandemic.
The Johannesburg Stock Exchange (JSE) and Business Leadership South Africa (BLSA) have partnered and each donated R1 million towards social outreach hygiene hampers and food parcels to assist disadvantaged communities in Gauteng.
The business activity index of the Absa PMI survey crashed to an all-time low of a mere 5.1 index points in the month of April.
More than 127 million pre-primary, primary, and secondary school students in Eastern and Southern Africa, who are supposed to return to school this week, remain at home, due to the COVID-19 outbreak.
Acting Communications and Digital Technologies Minister has signed and gazetted directions allowing electronic communication services and network services, advertising agencies, film and television production companies to resume operations.
Safaricom will provide communication resources equivalent to 195 terabytes of data, 10 million voice call minutes and 33 million SMSs to critical Government healthcare workers for the next three months.
Worldwide smartphone shipments decreased 11.7% year over year (YOY) in the first quarter of 2020, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker.
TikTok will contribute US$ 10 million to Gavi, the Vaccine Alliance to support Gavi’s response to the COVID-19 pandemic in lower-income countries in Africa.