Tag: Africa
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…
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Rwanda named first in Africa in Covid-19 management, sixth globally
In handling the Covid-19 pandemic and making the data available to the public, Rwanda was ranked first in Africa and…
Nigeria’s Biggest Bank Selects Eight African Nations For Expansion
Access Bank Plc, Nigeria's largest lender, as it seeks to benefit from a continental-wide free trade agreement, has listed eight…
Africa Gets 270 million Covid19 Vaccine Doses
The African Union (AU) has obtained a provisional 270 million doses of Covid-19 vaccines for distribution across the continent. All…
Kenya’s Covid19 Recoveries Rise By 412
According to Nation Africa, Kenya has documented an additional 123 cases of corona virus in the last 24 hours, taking…
African free trade tariff rules aimed to be completed by July
A senior official with the bloc's secretariat said on Monday that members of Africa's new free trade area should complete…
