Tanzania's shilling is expected to gain ground against the U.S. dollar this
week, while Kenya's will weaken, traders said.
KENYA
The Kenyan shilling is seen weakening due to dollar demand from merchant importers and firms in the energy sector, which normally increases in the last days of the month.
Commercial banks quoted the...
Amid global travel restrictions, social distancing protocols and prohibitions on mass gatherings, the world’s meetings, incentives, conferences and exhibitions (MICE) segment has been forced to adapt to the coronavirus context, with some events shifting online and others being deferred.
Before the outbreak of the virus – and the subsequent introduction...
COVID-19 has claimed more than 700,000 lives, infected over 19 million people, and decimated rich and poor economies alike. But, even as most of the world faces unprecedented recession, policy responses differ sharply. The contrast between Europe and Asia is a case in point.
Both regions are undoubtedly facing serious...
Central banking in emerging markets has undergone a quiet revolution during the COVID-19 pandemic. Unlike in past crises, they have been able to mimic what central banks in advanced economies have been implementing: counter-cyclical policies with quantitative easing (QE), local-currency asset purchases, interest-rate cuts, and monetization of government deficits.
In...
Amid a global pandemic, unprecedented needs and growing insecurity, aid workers and health care responders are staying and delivering to the world’s most vulnerable people
Last year was the most violent on record for humanitarians with 483 attacked, 125 killed, 234 wounded and 124 kidnapped. The UN condemns...
In her weekly media briefing July 23, Foreign Ministry Spokeswoman Maria Zakharova criticized United States support for educational programs, media and NGOs in Africa. In addition, Zakharova said "the allocation of grants fits into the White House's efforts to promote the idea that there is no alternative to Western...
… AfCFTA’s long term success linked to a change in African women buying behaviours
Female buying power has been on the increase for decades as women have come to dominate the consumer landscape as earners, buyers and influencers. Yet, little is known about the impact of women’s consumer power on...
Nigeria will reopen its airports for international flights from Aug. 29, its aviation minister said on Monday.
The airports have been closed since March 23 to all but essential international flights as part of the country's efforts to combat the COVID-19 pandemic.
Aviation Minister Hadi Sirika said four flights will begin...
African e-commerce group Jumia’s revenues slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the new coronavirus would lead to a flood of online orders.
Still, the loss-making company highlighted an 8% rise in orders and ongoing cost cuts that its co-CEO...