The Kenyan government is paying KSh 89 million every year in commitment fees for a COVID-19 loan that remains unused. This loan, obtained from international lenders to help the country …
COVID-19
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COVID-19Eastern AfricaFinance & ServicesGOVERNMENTKenya
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AfricaAFRICA NEWSBusinessCOVID-19EconomyGhanaNewsWestern Africa
Ghana-India trade on the path to recovery after Covid-19 slowdown
Trade between Ghana and India is on the path of recovery after plummeting in 2020 as a result of the COVID-19 pandemic. After dropping by nearly a half from the …
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AfricaAFRICA NEWSBusinessCOVID-19EconomyEgyptNewsNorth AfricaNorthern Africa
USAID funds Egypt’s response to Covid-19 with $9M
The US government is supporting Egypt’s Covid-19 response with $9 million (EGP 173.4 million) in new funding, the United States Agency for International Development (USAID) in Egypt announced in a tweet on …
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AfricaBusinessCOVID-19Global NewsNewsWestern Africa
Video Conferencing: Zoom’s growth slides further in post-pandemic
Zoom, a video conferencing platform is seeing slower growth after its initial pandemic-induced boom, with a year-on-year increase of 8 per cent to just under 1.1 billion dollars in the …
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AfricaAFRICA NEWSCOVID-19EconomyGhanaNewsNigeriaWestern Africa
EU, GIZ launch 2.8m euro Covid-19 vaccine manufacturing project in Ghana
The European Union (EU) and the German Development Cooperation have jointly launched a 2.8 million euro Covid-19 vaccine manufacturing project in Ghana. The vaccine manufacturing project will be implemented over …
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AfricaCOVID-19Global NewsHospitality, Travel & TourismNewsNigeriaWestern Africa
COVID-19 : Nigerian embassy in Mexico closed over outbreak
The Nigerian embassy in Mexico has been shut owing to an outbreak of COVID-19 at the embassy. In a statement on Monday, Abimbola Tooki, special adviser on media to Adejare …
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AfricaBanking, Finance & InvestmentCOVID-19NigeriaWestern Africa
FirstBank secures $150 million Afreximbank facility
Afreximbank (African Export Import Bank) has announced the disbursement of a $150 million finance facility to First Bank of Nigeria Limited under its Pandemic Trade Impact Mitigation Facility (PATIMFA). FirstBank, …
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The United States reported more than 1,000 COVID-19 deaths on Tuesday, equating to around 42 fatalities an hour, according to a Reuters tally, as the Delta variant continues to ravage …
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Strong sales of the COVID-19 vaccine and other medicines helped Pfizer nearly double its second-quarter revenue and boost its profit by an impressive 59%, beating Wall Street expectations and leading …
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Concerns about the delta variant of Covid-19 look to be seeping into volatility markets just as the traditionally challenging month of August kicks off. The Cboe Volatility Index, or VIX, …