As the world gradually reopening the international airspace for traveling between countries, some airlines are now asking travelers to present Coronavirus test certification before they are allowed to board flights to their destinations. The demand for covid-19 test certificate is one of the measures adopted by the aviation industry to steam the spread of...
Read MoreThe Paris Club has granted Zambia eight months debt repayment moratorium between May and December 2020 under its Debt service suspension Initiative (DSSI) to help it resolve issues around coronavirus pandemic. In a statement by the Paris Club of creditors, the initiative will help the Republic of Zambia to improve debt transparency and debt...
Read MoreGunmen on motorcycles killed six French aid workers, a Nigerien guide and a driver in a wildlife park in Niger on Sunday, officials said. The group was attacked in a giraffe reserve just 65 km (40 miles) from the West African country’s capital Niamey, the governor of Tillaberi region, Tidjani Ibrahim Katiella, told Reuters....
Read MoreAfrican Export-Import Bank (Afreximbank) said it has committed $400 million in loans and guarantees to Mozambique’s $20 billion liquefied natural gas (LNG) project. The African Development Bank (AfDB) had committed the same amount to the projects as part of its contributions to continental gas development projects. “The … financing will be used to partially...
Read MoreSouth Africa’s Shoprite Holdings plans to sack all of its 115 staff and close one of its stores in Kenyan, two days after the Africa’s biggest grocery store said it will divest its interest from Nigeria and discontinue operations in the Africa’s biggest economy. In a letter addressed to the Kenyan Union of Commercial...
Read MoreMTN Group Ltd. is planning to sell part or all of its $243 million interest in Jumia Technologies AG as Africa’s biggest wireless carrier looks to pay down debt and enter new markets, according to people familiar with the matter. MTN, which had previously marked the online retailer as a non-core business, is reviving...
Read More* Massive job loss * Loss of tax, rental, royalty * Huge loss to local manufacturing, farmers, etc * Undermine foreign investors confidence in economy By Oludare Mayowa There were hues and cries over the announcement by Shoprite Holdings to sell all or majority stake in its Nigerian unit on Monday, with many commentators...
Read MoreGlobal Oil prices edged below $40 a barrel in New York as OPEC and allied producers started supplying more crude to the international market where many countries are still struggling to contain the coronavirus. OPEC+ will pump about 1.5 million barrels more this month than in July as it starts to unwind its historic...
Read MoreThe International Monetary Fund (IMF) on Thursday approved the disbursement of $171.9 million, representing 50 percent of quota to the Republic of Madagascar under the Rapid Credit Facility (RCF). In a statement, the Fun said this is the second emergency disbursement since the onset of the pandemic and will help finance the country’s urgent...
Read MoreAs the United States President Donald Trump pushes for the November 3, election to be delayed, an American Twitter user has drawn attention to the possible ways Trump could realise his dream without going through the usual legal process. President Trump has in a tweet on Thursday suggested that the 2020 presidential election be...
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