Tag: Africa
Africa’s Eskom seeks $10 billion for shift from coal
Eskom, Africa's largest greenhouse gas emitter, is pushing a $10 billion proposal to international lenders that would see it halt…
IMF says Africa ‘urgently’ needs vaccines to curb COVID surge
COVID-19 infections in Africa are expected to surpass record highs within days, emphasizing the urgent need for vaccine supplies and…
Ramaphosa Requests More IMF Reserves for Africa’s Post-Pandemic Recovery
President Cyril Ramaphosa of South Africa has encouraged wealthy economies to assist Africa's post-pandemic recovery by distributing more International Monetary…
MTN selects partners to expand mobile OpenRAN network in Africa
MTN Group (MTNJ.J), a South African mobile and internet operator, announced on Wednesday that it has chosen five partners to…
AfricaCDC, Others say India’s COVID Surge is a Warning to Africa
The rise in Covid-19 infections and deaths in India is a warning to African countries not to relax their guard,…
Nigerian payment Gateway partners Wix to boost Ecommerce in Africa
To empower and scale eCommerce businesses in Africa, SeerBit has announced a partnership with Wix, a leading global SaaS platform…
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Mastercard to invest $100 million in Airtel Africa’s mobile money business
Mastercard will invest $100 million in Airtel Mobile Commerce (AMC) BV, a wholly owned subsidiary of Airtel Africa, the company…
Major Central Banks In Africa Aren’t Rushing to Raise Interest Rates
Central banks in some of Sub-Saharan Africa's largest economies may be more worried about the effects of a possible third wave of coronavirus infections and a sluggish vaccine rollout than increasing inflation, so funding rates are likely to remain unchanged for the time being. When monetary policy committees in Ghana, Nigeria, South Africa, Kenya, and Angola announce interest rate decisions in the next eight days, they are unlikely to imitate those in Brazil, Turkey, Mozambique, Zambia, and Zimbabwe. Inflation in Nigeria and Angola, the continent's two largest oil producers, is in double digits and growing, and the currencies are under pressure. However, the risks to most economies in the region's recovery after the region's worst recession in half a century last year remain strong.
Candidates for CAF presidency address stepping down in interest of African unity
After an agreement that will see his three rivals step aside to take other roles in the organization, allowing him…
President Kenyatta vows of United EAC as he takes over regional chair
President Uhuru Kenyatta took over as chairman of the East African Community (EAC) on Saturday, promising to make the region…
France opens centre to train 10,000 teachers in Africa
Ivory Coast has opened a French centre in Abidjan, which in five years will train more than 10,000 teachers. According…
World Bank Pledges $12 Billion For Vaccinations in Africa
As the South African Presidency said in a statement on its website on Saturday, the World Bank has pledged $12…
