CBN gives banks 4 weeks to open forex outlets at airports

The Central Bank of Nigeria has given banks a four-week deadline to open foreign exchange outlets at major airports or face stiff sanctions.

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Coronavirus – African Union COVID19 Response Fund aims to raise $1 Million on Africa Day

The African Union has created an African Union COVID-19 Response Fund with the aim of strengthening the continental response to COVID-19 and mitigate its socio economic and humanitarian impact on African populations. The fund was established by the Chairperson of the African Union Commission Mr Moussa Faki Mahamat on 26 March 2020. This AfricaDay, 25 May, all Africans, people of African descent and friends of Africa are encouraged to “give a little” to the fund. A target of USD$1m

Coronavirus – Kenya: President Uhuru announce 31 new cases of COVID 19 & unveils an 8-Economic Stimulus Programme to stimulate growth Nairobi, Saturday May...

Download logoKenya has recorded 31 more cases of Covid-19 in the last 24 hours bringing the total tally to 1,192. Cumulatively 57,650 samples have been tested so far, President Uhuru Kenyatta said when he unveiled an 8- economic stimulus programme at State House today. “The rate of infections may indeed surge upwards or fall if we all fail to comply to protocols given by the Ministry of Health,” he advised. “The Coronavirus pandemic will continue undermi

Africa Regional Integration Index underlines integration as key to building more resilient economies

Download logoThe second Africa Regional Integration Index (ARII 2019) was launched Friday by the Economic Commission for Africa (ECA), the African Development Bank (www.AfDB.org) and the African Union Commission (AUC), with a call to action to African economies to deepen their integration. The 2019 Index, which builds on the first edition published in 2016, provides up-to-date data on the status and progress of regional integration in Africa. It also helps to assess the level of integration f

Retool annual budgets toward agriculture production and expand food reserves, as COVID-19 exacerbates food scarcity, urges African Development Institute seminar

Download logoAfrican countries need to urgently expand food reserves, keep food supply flowing and boost their agriculture budgets to avert a possible hunger pandemic, partly caused by the COVID-19 pandemic, delegates at a two-day webinar hosted by the African Development Institute (ADI) urged on Tuesday. Africa must now, more than ever, develop and implement policies to enhance capacity to compete in the agriculture sector, processing, trade and industry, the speakers said in a clarion call

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Tiger Brands CEO on results & how the company is responding to COVID-19 shocks

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