By Marc Jones
LONDON, June 14 (Reuters) &#8211; Top development banks from the world&#8217;s richest countries made a landmark joint pledge on Monday to pump $80 billion into African companies and projects over the next five years.
The International Monetary Fund has estimated sub-Saharan Africa will need an additional $425 billion between now and 2025 to fight COVID-19 and reduce poverty levels now being exacerbated by the pandemic.
The region is also being hit hard by climate change and Monday&#8217;s $80 billion pledge was the first time the Development Finance Institutions (DFI) from the United States, Europe and other Group of Seven wealthy nations have made a collective commitment to the African continent.
David Marchick, chief operating officer of the U.S. International Development Finance Corporation (DFC) said investing more in Africa was now &#8220;a top priority&#8221; under the Biden administration, while the head of the European Investment Bank, Werner Hoyer, which injected over 5 billion euros ($6 billion) into Africa last year, said it was ready to co-operate further with African and multilateral partners.
The step comes as Western nations fight to counter rapidly expanding Chinese and Russian economic and political influence in Africa with its fast-growing populations and vast mineral resources.
Monday&#8217;s pledge followed the G7&#8217;s weekend promise to provide 1 billion COVID-19 vaccine doses to poorer countries over the next year and news that they were also looking at reallocating another $100 billion from the IMF&#8217;s war chest to help with the economic fallout.
The World Health Organization (WHO) and global vaccine charities launched the COVAX programme last April to distribute COVID-19 vaccines to some of the world&#8217;s poorest people.
The scheme has faced setbacks though: production glitches, a lack of support from wealthy nations and a recent move by India, the biggest vaccine manufacturer, to curb its exports following its own massive spike in cases.

($1 = 0.8252 euros) (Reporting by Marc Jones; Editing by Andrea Ricci)
(c) Copyright Thomson Reuters 2021. Click For Restrictions &#8211; https://agency.reuters.com/en/copyright.html
&nbsp;
&nbsp;

Top G7 development banks pledge $80 billion for African firms

LAGOS, June 14 (Reuters) &#8211; Lagos-based entrepreneur Ogechi Egemonu was selling more than 500,000 naira ($1,219) worth of watches, shoes and handbags on Twitter per week.



Now, with the site suspended by the Nigerian government, Egemonu does not know how she will cope.



&#8220;Social media is where I eat,&#8221; she told Reuters. &#8220;I depend on social media for my livelihood.&#8221;



Scores of small and medium-sized businesses across Africa&#8217;s most populous nation &#8211; and largest economy &#8211; are reeling from the indefinite suspension of the social media site.



Nigeria announced the suspension on June 4, days after the platform removed a post from President Muhammadu Buhari that threatened to punish regional separatists. Most telecommunications sites have since blocked access.



NOI Polls estimates that 39.6 million Nigerians use Twitter &#8211; 20% of them for business advertisement and 18% to look for employment. Experts warn its lack of ready availability &#8211; it is accessible using Virtual Private Networks that mask location &#8211; could ripple across the economy.



&#8220;The ban has significant collateral damage,&#8221; said Muda Yusuf, director general of the Lagos Chamber of Commerce, who said that a &#8220;sizeable number of citizens&#8221; use Twitter to make a living.



REVENUE LOSS



Parliament&#8217;s minority caucus warned the suspension was costing Nigerians &#8220;billions of naira on a daily basis.&#8221;



Dumebi Iyeke, a research analyst with the Financial Derivatives Company, said it would hit young Nigerians &#8211; among whom there is a 45% unemployment rate &#8211; the hardest.



&#8220;We are looking at a potential loss in their revenue,&#8221; Iyeke said, adding that it could further lower living standards amid high inflation.



Information Minister Lai Mohammed last week said that all social media sites must register a local entity and get a license to operate. He cited complaints over lost money as proof that the ban was effective, but said other sites are still available. 



($1 = 410.0900 naira) 



(Additional reporting by Alexis Akwagyiram and Libby George in Lagos. Writing by Libby George;Editing by Elaine Hardcastle)

In this photo illustration the close-up of the Twitter

Nigeria’s Twitter ban leaves some businesses in the lurch

<div style="max-width: 100%;"></div>
<script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script>
The G7 Summit in Cornwall, UK came to a close yesterday. President Ramaphosa answered questions about the outcome of this summit at a media briefing, speaking about the vaccine commitments, vaccine inequalities, vaccine support and economic challenges many African countries face. CNBC Africa spoke to Professor Mosa Moshabela, Chairperson: Standing Committee on Health Academy of Science of South Africa for more.

G7 leaders pledge billion COVID-19 vaccines to poor countries

<div style="max-width: 100%;"></div>
<script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script>
The recent report released by the African Airlines Association paints a grim picture for African airlines. The biggest question remains whether African carriers can survive another pandemic year. The Association’s Secretary General, Berthe Abderahmane joins CNBC Africa for more.

Can African airlines survive another pandemic year?

CARBIS BAY, England, June 13 (Reuters) &#8211; The Group of Seven nations on Sunday pledged to rapidly scale up technologies and policies that accelerate the transition away from unabated coal capacity, including ending new government support for coal power by the end of this year.



The countries, in a communique following their summit in Britain, confirmed pledges to increase climate finance contributions as part of efforts to reduce emissions that contribute to climate change and help a move toward cleaner energy, although climate groups said firm cash promises and other details were missing.



&#8220;Coal power generation is the single biggest cause of greenhouse gas emissions,&#8221; the seven nations &#8211; the United States, Britain, Canada, France, Germany, Italy and Japan &#8211; said, adding &#8220;continued global investment in unabated coal power generation is incompatible with keeping 1.5°C within reach.&#8221;



&#8220;We stress that international investments in unabated coal must stop now and we commit now to an end to new direct government support for unabated international thermal coal power generation by the end of 2021,&#8221; they said.



U.S. President Joe Biden, speaking after the summit, noted a commitment of up to $2 billion &#8220;to support developing countries as they transition away from unabated coal-fired power.&#8221;



The nations, in their statement, vowed to focus on other technologies, including carbon capture, to help speed up the transition away from coal.



&#8220;We will focus on accelerating progress on electrification and batteries, hydrogen, carbon capture, usage and storage, zero emission aviation and shipping, and for those countries that opt to use it, nuclear power,&#8221; the communique said. 



(Reporting by Elizabeth Piper and Susan Heavey; Editing by Michael Holden and Daniel Wallis)

black-coal-1542285036I13

G7 agrees to end new gov’t support for coal power by end of 2021

JOHANNESBURG, June 11 (Reuters) &#8211; The South African government is selling a 51% stake in South African Airways (SAA) to Takatso consortium, which will initially commit more than 3 billion rand ($221.60 million) to give the struggling airline a new lease of life.



SAA has been under a form of bankruptcy protection since December 2019 but its fortunes worsened during the COVID-19 pandemic and all its operations were mothballed in September 2020 when funds ran low.



The airline is one of a handful of South African state companies that depend on government bailouts, placing the national budget under huge strain at a time of rapidly rising debt.



The partnership with Takatso will alleviate that financial burden, public enterprises minister Pravin Gordhan told journalists on Friday as the state would no longer provide any funding to the airline, which exited administration in late April after receiving 7.8 billion rand from the government.



Gordhan added that the government will retain a 49% stake with the intention of eventually listing the airline to address future funding requirements.



&#8220;The objective of bringing in an equity partner to SAA is to augment it with the required technical, financial and operational expertise to ensure a sustainable, agile and viable South African airline,&#8221; he said.



The consortium includes pan-African investor group Harith Global Partners and aviation group Global Aviation, Gordhan said.



The airline&#8217;s subsidiaries will be evaluated, in particular Air Chefs, SAA Technical and the future of low-cost airline Mango, Gordhan said, noting that &#8220;anything can happen&#8221; when asked if some could be shut down.



SAA will continue to be domiciled in South Africa and the government will have a &#8220;golden share&#8221; of 33% of the entity&#8217;s voting rights and certain areas of national interest, Gordhan said.



In a statement, co-founder and consortium chair Tshepo Mahloele said it has the experience, expertise and capital to transform SAA into a substantial operating business.



&#8220;The partnership represents a robust, exciting South African-bred solution,&#8221; he said.



($1 = 13.5379 rand) 



(Reporting by Nqobile Dludla; writing by Emma Rumney; editing by Jason Neely, Kirsten Donovan)

Airbus_A330-200_South_African_AW_(SAA)_F-WWYL_-_MSN_1223_-_Will_be_ZS-SXX_(5838450879)

South African government sells majority stake in airline SAA to consortium

<div style="max-width: 100%;"></div>
<script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script>
Nigeria&#8217;s Access Bank Group formally launches operations in South Africa next week, seeking a share of growing trade flows between Africa&#8217;s regions after the launch of the African Continental Free Trade Area. CNBC Africa&#8217;s Godfrey Mutizwa spoke to the Group Managing Director, Herbert Wigwe about the opportunities the bank sees.

Access Bank CEO sees growth opportunities in SA’s underserved banking market

Access Bank MD sees growth opportunities in SA’s underserved banking market

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/06/106895309-1623346623938-106895309-16233465392021-06-10t173439z_1794430612_rc2m6h92rbg2_rtrmadp_0_g7-summit-biden.jpg" alt="" class="wp-image-406615" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/06/106895309-1623346623938-106895309-16233465392021-06-10t173439z_1794430612_rc2m6h92rbg2_rtrmadp_0_g7-summit-biden.jpg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2021/06/106895309-1623346623938-106895309-16233465392021-06-10t173439z_1794430612_rc2m6h92rbg2_rtrmadp_0_g7-summit-biden-300x169.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2021/06/106895309-1623346623938-106895309-16233465392021-06-10t173439z_1794430612_rc2m6h92rbg2_rtrmadp_0_g7-summit-biden-140x80.jpg 140w" sizes="(max-width: 740px) 100vw, 740px" /><figcaption>U.S. President Joe Biden speaks about his administration’s pledge to donate 500 million doses of the Pfizer (PFE.N) coronavirus vaccine to the world’s poorest countries, during a visit to St. Ives in Cornwall, Britain, June 10, 2021. Kevin Lemarque | Reuters</figcaption></figure>



WASHINGTON — President Joe Biden and leaders of the G-7 group of nations will publicly endorse a global minimum corporate tax of at least 15% on Friday, one piece of a broader agreement to update international tax laws for a globalized, digital economy.



The leaders will also announce a plan to replace Digital Services Taxes, which targeted the biggest American tech companies, with a new tax plan linked to the places where multinationals are actually doing business, rather than where they are headquartered.



For the Biden administration, the Global Minimum Tax plan represents a concrete step towards its goal of creating what it calls a “foreign policy for the middle class.”



This strategy aims to ensure that globalization and trade are harnessed for the benefit of working Americans, and not merely for billionaires and multinational corporations.



For the rest of the world, the GMT is intended to end the tax cutting arms race that has led some countries to cut their corporate taxes much lower than others, in order to attract multinational companies.



If widely enacted, the GMT would effectively end the practice of global corporations seeking out low-tax jurisdictions like Ireland and the British Virgin Islands to move their headquarters to, even though their customers, operations and executives are located elsewhere.



The second major initiative Biden and G-7 leaders will announce Friday is a plan they are “actively considering” to expand the International Monetary Fund’s supply of Special Drawing Rights, an internal IMF currency, that are available to low-income countries.&nbsp;



This plan is aimed at expanding international development financing to poor countries and helping them to purchase Covid vaccines and recover more quickly from the pandemic’s effects, according to a White House fact sheet.



The White House also said G-7 leaders will agree to “continue providing policy support to the global economy for as long as necessary to create a strong, balanced, and inclusive economic recovery.”



But it is the GMT plan that has the greatest potential to impact corporate bottom lines and influence investor decisions.



The G-7 tax agreement “will serve as a springboard to getting broader agreement at the G-20,” said a senior administration official, who spoke to reporters on background in order to discuss ongoing talks.



A joint statement issued Thursday by Biden and British Prime Minister Boris Johnson offers a preview of what to expect from the global tax agreement between the G-7 partner nations.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="740" height="416" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/06/106895154-16233361742021-06-10t144218z_1156412984_rc2qxn94xtlj_rtrmadp_0_g7-summit-biden.jpeg" alt="" class="wp-image-406616" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/06/106895154-16233361742021-06-10t144218z_1156412984_rc2qxn94xtlj_rtrmadp_0_g7-summit-biden.jpeg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2021/06/106895154-16233361742021-06-10t144218z_1156412984_rc2qxn94xtlj_rtrmadp_0_g7-summit-biden-300x169.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2021/06/106895154-16233361742021-06-10t144218z_1156412984_rc2qxn94xtlj_rtrmadp_0_g7-summit-biden-140x80.jpeg 140w" sizes="(max-width: 740px) 100vw, 740px" /><figcaption>Britain’s Prime Minister Boris Johnson speaks with U.S. President Joe Biden during their meeting, ahead of the G7 summit, at Carbis Bay, Cornwall, Britain June 10, 2021. Toby Melville | Reuters</figcaption></figure>



“We commit to reaching an equitable solution on the allocation of taxing rights, with market countries awarded taxing rights on at least 20% of profit exceeding a 10% margin for the largest and most profitable multinational enterprises,” the statement says.



“We also commit to a global minimum tax of at least 15% on a country by country basis.”



As part of this agreement, “we will provide for &#8230; the removal of all Digital Services Taxes, and other relevant similar measures, on all companies.”



The removal of Digital Services Taxes, a patchwork of country-by-country taxes that specifically target the biggest American tech companies, represents a real victory for the United States.&nbsp;



Analysts&nbsp;<a href="https://www.cnbc.com/2021/06/08/taxes-global-minimum-corporate-tax-could-bite-fang-stocks.html">say the removal</a>&nbsp;of these taxes — and an end to the looming threat of new DSTs — would add a level of certainty to the international tax system that would ultimately benefit Big Tech companies in the long term, even if a new Global Minimum Tax raised costs in the near term.



Once the G-7 leaders adopt the GMT proposal, the next step will be to win support for it among the G-20 nations, a diverse group of economies that includes China, India, Brazil and Russia.&nbsp;



G-20 finance ministers and central bank governors are scheduled to meet in Venice, Italy, in July. The IMF funding proposal and the international tax plan are both expected to be high on the agenda.&nbsp;



It’s unclear at this point whether the GMT plan will win the support of the 19 member nations and the European Union.



Details of the plan have yet to be hammered out, and some of the G-20 countries keep corporate tax rates relatively low in an effort to lure businesses.



Much of the groundwork for adopting a GMT has already been laid by the Organization for Economic Cooperation and Development, or OECD, which&nbsp;<a href="https://www.zdnet.com/article/oecd-work-on-multinational-tax-avoidance-pushed-to-mid-2021/" target="_blank" rel="noreferrer noopener">released a blueprint last fall</a>&nbsp;outlining the two-pillar approach to international taxation.



The&nbsp;<a href="https://oecdecoscope.blog/2020/10/20/tax-challenges-from-digitalisation-a-global-two-pillar-solution-could-increase-tax-revenues-and-support-economic-activity/" target="_blank" rel="noreferrer noopener">OECD Inclusive Framework on Base Erosion and Profit Shifting,</a>&nbsp;known as BEPS, is the product of negotiations with 137 member countries and jurisdictions.



One pillar is the plan for countries to collect taxes from multinational corporations based on the share of that company’s profits derived from a particular country’s consumers.



The second pillar is the global minimum corporate tax, a set rate of at least 15% that would apply even when tax rates in a particular country are lower than that.

106895309-1623346623938-106895309-16233465392021-06-10t173439z_1794430612_rc2m6h92rbg2_rtrmadp_0_g7-summit-biden

Biden and G-7 leaders will endorse a global minimum corporate tax of at least 15%

<div style="max-width: 100%;"></div>
<script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script>
68 per cent of CEOs in Africa believe global economic growth will improve in 2021.

Survey finds majority of CEOs in Africa hopeful on economic outlook

<div style="max-width: 100%;"></div>
<script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script>
The Kenya tourism sector has been reeling from the effects of a third wave of the Covid-19 pandemic in the country as well as travel advisories from key source markets. Mohammed Hersi, Chairman of the Kenya Tourism Federation joins CNBC Africa for more.

How Kenya plans to revive its  tourism sector heavily impacted by COVID-19

<div style="max-width: 100%;"></div>
<script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script>
The 2021/22 financial year budget comes during President Uhuru Kenyatta&#8217;s final year in office. Kenya&#8217;s Treasury Cabinet Secretary Ukur Yatani, has had to find a balance between the president&#8217;s capital-intensive legacy projects and facilitating recovery of a battered economy from the effects of the Covid-19 pandemic. Ken Gichinga, Chief Economist at Mentoria Economics joins CNBC Africa for more.

Unpacking  President Kenyatta’s legacy budget

Tanzania has asked the International Monetary Fund for a $571 million loan to help it tackle the challenges caused by the COVID-19 pandemic, its finance minister said on Thursday as he raised spending in the budget for the next financial year.



Tanzania, which under late President John Magufuli had denied the existence of COVID-19 last year, has started acknowledging the crisis and its impact, after President Samia Suluhu Hassan took over in March.



&#8220;This is a low interest-rate loan to tackle the social and economic impact of COVID-19,&#8221; Finance Minister Mwigulu Nchemba told parliament while presenting the government&#8217;s budget for the 2021/22 (July-June) fiscal year.



IMF officials in Dar es Salaam and Washington confirmed the talks, adding that the government, which has not published data on coronavirus infections since May last year, will be required to provide that information.



&#8220;When applying for pandemic-related emergency financing, evidence of the pandemic has to be available to substantiate the claim,&#8221; the IMF&#8217;s resident representative, Jens Reinke, told Reuters.



&#8220;Let&#8217;s wait for the government&#8217;s announcement, which will come soon, after the COVID-19 special committee formed by the president issued its recommendations,&#8221; said government spokesman Gerson Msigwa. &#8220;It will have answers on all those areas.&#8221;



Hassan has charted a change of course in tackling the coronavirus from Magufuli, who underplayed the pandemic and expressed scepticism about COVID-19 vaccines.



The government plans to spend 36.33 trillion shillings ($15.71 billion) in the fiscal year starting next month, Nchemba said in the budget statement, a 4% increase from the current financial year.



It will be funded by a mix of local revenue and borrowing, he said, adding that the economy is likely to grow faster this year, after growth was curbed by the pandemic last year.



Nchemba said during the budget speech that Tanzania&#8217;s economy was projected to grow by 5.6% in calendar 2021 &#8211; up from last year&#8217;s growth of 4.8% &#8211; and 6.2% in 2023. He did not give a projection for 2022.



Tanzania plans to seek a sovereign credit rating to give it access to international capital markets, the minister said. ($1 = 2,313.0000 Tanzanian shillings)



 (Reporting by Omar Mohammed in Nairobi and Nuzulack Dausen in Dar es Salaam; Writing by Omar Mohammed; Editing by Alexandra Hudson and Peter Cooney)

512px-IMF-Seal_ENG_RGB.svg

Tanzania turns to IMF loan, boosts government spending by 4%

HARARE, June 10 (Reuters) &#8211; About 90% of African countries will miss a September target to vaccinate at least 10% of their populations against COVID-19 as a third wave of the pandemic looms on the continent, a World Health Organisation (WHO) official said on Thursday.



Matshidiso Moeti, WHO regional director for Africa, said the continent required an extra 225 million doses to be able to vaccinate a tenth of its people by September this year.



Africa has hit 5 million COVID-19 cases, with the southern Africa region the worst affected, accounting for 37% of total cases, according to a Reuters tally. South Africa is the worst affected African country, with about 34% of the total cases and about 43% of all deaths.



&#8220;With vaccine stocks and shipments drying up, the continent&#8217;s vaccination coverage for the first dose remains stuck at 2% and at about 1% in sub-saharan Africa,&#8221; Moeti told a weekly news briefing.



&#8220;Vaccines have been proven to prevent cases and deaths, so countries that can, must urgently share COVID-19 vaccines. It&#8217;s do or die on dose sharing for Africa.&#8221;



Moeti said U.S. President Joe Biden plans to buy and donate 500 million doses of the Pfizer coronavirus vaccine to more than 90 countries was an important step forward in making vaccines available on the continent.



Africa Centres for Disease Control director John Nkengasong said in a separate news conference that 14 African countries were &#8220;aggressively&#8221; heading towards a third wave of the coronavirus pandemic.



&#8220;You can clearly see that the variant that was identified in India is getting a hold on the continent. We continue to analyses the situation and see whether there is correlation between the variant and the third wave,&#8221; said Nkengasong. 



(Reporting by MacDonald Dzirutwe; Editing by Alexandra Hudson)

Dr. Moeti…

WHO says 9 in 10 African countries to miss COVID-19 vaccination goal

<div style="max-width: 100%;"></div>
<script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script>
Amid ongoing power cuts, today South Africa’s President Cyril Ramaphosa increased the threshold for electricity self-generation for companies.

Ramaphosa lifts threshold for electricity self-generation

<div style="max-width: 100%;"></div>
<script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script>
Uganda is the only country in the region that has announced a decline in the new financial year budget, with spending expected to drop when compared to the outgoing financial year&#8217;s budget. CNBC Africa spoke with the Managing Director of Open Forum Initiative, Emmanuel Ajal.

Uganda announces $12.6bn budget

<div style="max-width: 100%;"></div>
<script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script>
The governor of the Bank of Ghana, Ernest Addison says the apex bank is at advanced stages of introducing a digital currency otherwise known as the e-cedi. Enoch Antwi, CEO of DNAR joins CNBC Africa for more.

Ghana edges closer to state-backed digital currency

<div style="max-width: 100%;"></div>
<script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script>
The G7 nations reached an accord that backs the creation of a global minimum corporate tax rate of at least 15 per cent, an agreement that some argue aims at discouraging multinationals from shifting tax revenues to low-tax countries.

Newsletter

Top G7 development banks pledge $80 billion for African firms

Nigeria’s Twitter ban leaves some businesses in the lurch

G7 leaders pledge billion COVID-19 vaccines to poor countries

Can African airlines survive another pandemic year?

G7 agrees to end new gov’t support for coal power by end of 2021

South African government sells majority stake in airline SAA to consortium

Access Bank MD sees growth opportunities in SA’s underserved banking market

Biden and G-7 leaders will endorse a global minimum corporate tax of at least 15%

Survey finds majority of CEOs in Africa hopeful on economic outlook

How Kenya plans to revive its tourism sector heavily impacted by COVID-19

Unpacking President Kenyatta’s legacy budget

Tanzania turns to IMF loan, boosts government spending by 4%

WHO says 9 in 10 African countries to miss COVID-19 vaccination goal

Ramaphosa lifts threshold for electricity self-generation

Uganda announces $12.6bn budget

Ghana edges closer to state-backed digital currency

What does the G7 tax deal mean for SSA economies?

News Tips

Advertise With Us

Newsletter

Top G7 development banks pledge $80 billion for African firms

Nigeria’s Twitter ban leaves some businesses in the lurch

G7 leaders pledge billion COVID-19 vaccines to poor countries

Can African airlines survive another pandemic year?

G7 agrees to end new gov’t support for coal power by end of 2021

South African government sells majority stake in airline SAA to consortium

Access Bank MD sees growth opportunities in SA’s underserved banking market

Biden and G-7 leaders will endorse a global minimum corporate tax of at least 15%

Survey finds majority of CEOs in Africa hopeful on economic outlook

How Kenya plans to revive its tourism sector heavily impacted by COVID-19

Unpacking President Kenyatta’s legacy budget

Tanzania turns to IMF loan, boosts government spending by 4%

WHO says 9 in 10 African countries to miss COVID-19 vaccination goal

Ramaphosa lifts threshold for electricity self-generation

Uganda announces $12.6bn budget

Ghana edges closer to state-backed digital currency

What does the G7 tax deal mean for SSA economies?

News Tips

Advertise With Us

Newsletters