African countries to take delivery of first batch of Covax initiated Covid-19 vaccines end of Feb

Covax, the global program that strives to ensure equitable access to coronavirus vaccines, has allocated millions of doses of AstraZeneca Plc’s shots to African countries and aims for its first deliveries by the end of the month. Nigeria, the most populous nation on the continent, stands to receive 16 million doses, while Ethiopia and... Read More

African Energy Investment Corporation to cite HQ in Nigeria

Nigeria has said it welcomed the decision of the African Petroleum Producers’ Organisation (APPO) to cite the headquarters of the African Energy Investment Corporation in Abuja, pledging the full support of the country in ensuring the successful take-off of the organisation. President Muhammadu Buhari at a meeting with Omar Farouk from Nigeria, who is... Read More

New African-made films challenge Hollywood stereotypes

Producers of two African-made films premiering on Netflix this month believe their work will show there’s subscriber appetite for movies that go deeper than the Hollywood stereotypes that often make African viewers groan. Subscribers to the world’s largest streaming service can now watch Poacher, a Kenyan drama about elephant poaching and Òlòtūré, a Nigerian... Read More

African CEOs seek reforms to make global trade more transparent

A survey commissioned by the Pan-African Private Sector Trade and Investment Committee (PAFTRAC) to gauge the private sector view around trade has highlighted the private sector’s desire for considerable reforms to make the global trade rules system fairer and more transparent. Two hundred CEOs were surveyed around issues concerning the World Trade Organisation (WTO)... Read More

Nigeria seeks EU support for relief on commercial debts

Nigeria has called on the Group of 20 developed countries to support the inclusion of commercial debt in the debt relief initiatives for African countries. Vice President Yemi Osinbajo, who made the call said that given the African countries’ previous structural vulnerabilities and limitations, debt relief by the developed countries must involve commercial debts.... Read More

What PMIs tell us about economic recoveries in Africa

In the first half of 2020, the economic performance of all the African countries under coverage deteriorated from that of an expansion to a broad-based contraction/slowdown. This was as the global outbreak of the COVID-19 pandemic as well as the associated lockdown measures implemented to curb its spread exacerbated other pre-existing vulnerabilities and dragged... Read More

African countries sign up for Covid-19 vaccine initiative

While the race to find safe and effective COVID-19 vaccines continues, African countries are signing up to a ground-breaking initiative, which aims to secure at least 220 million doses of the vaccine for the continent, once licensed and approved. All 54 countries on the continent have expressed interest in COVAX, a global initiative which... Read More