By Jay Mawji While the International Monetary Fund acknowledges the damaging recession effects of Covid-19 in Africa, the economic outlook for the continent remains optimistic as the introduction of technologies brings with it accessibility and exposure to economic and personal finance possibilities. The financial knowledge and capabilities in Africa are often misunderstood by many outside […]

The 2020 Ibrahim Index of African Governance (IIAG), launched today by the Mo Ibrahim Foundation, highlights a decline in African governance performance for the first time since 2010. The 2019 African average score for Overall Governance falls by -0.2 points below that of 2018, registering the first year-on-year score deterioration since 2010. This recent decline […]

Under the theme “Development Banks as Actors for Change towards Gender Equality,” the African Development Bank’s Director for Gender, Women and Civil Society Vanessa Moungar joined high-level representatives from global financial institutions, the Green Climate Fund (GCF) and UN Women in signing a joint declaration on gender equality to strengthen their commitment at all levels.The declaration […]

The Swedish government has announced that several measures taken to support Swedish jobs and businesses through the COVID-19 crisis will be extended. These include short-term lay-offs, deferral of tax payments, reorientation support and turnover-based support to sole traders. The proposals are based on an agreement between the government parties, the Centre Party and the Liberal […]

The Africa Women Innovation and Entrepreneurship Forum (AWIEF), a leading pan-African entrepreneurship and innovation non-profit, has announced the top finalists for the 2020 edition of its AWIEF Awards. The annual AWIEF Awards, through a nomination process, identifies and celebrates the best female entrepreneurs across multiple industries in Africa. Promoting and supporting excellence in entrepreneurship and […]

The Swedish government has decided to reintroduce controls at Sweden’s internal borders. Border controls will be imposed between November 12 until May 11 next year. Border controls will contribute to national security and help detect threats from potential perpetrators and prevent terrorist attacks. The government assesses that other measures are insufficient against the background of, among other […]

By NJ Ayuk Despite the COVID-19 pandemic, not all of the economic news in Africa has been negative. We continue to see promising developments. Look at Uganda’s oil and gas industry. Following multiple petroleum discoveries in Uganda’s Albertine Graben, foreign investments there have reached nearly $20 billion. The resulting projects include a refinery being built […]

Gbanquelleh Town is a settlement in Bong County in central Liberia. It has a huge problem. And is begging for help. With more than 400 residents, Gbanquelleh has a school, if it can really be called that, with 78 students and just one teacher. The school also serves pupils from five neighboring towns in the […]

By Dr. John Nkengasong and African Union Commissioner Amira Elfadil Mohammed Elfadil) Everyone knows by now that due to a combination of leadership, environment, social ecology, demographics and as yet unknown biological and other factors, Africa has been spared the worst of the havoc that COVID-19 has wreaked on other parts of the globe and […]

With a pool of talented finalists from more than 15 African countries, the 2020 Anzisha Prize – the premier award for Africa’s youngest entrepreneurs – goes to Alaa Moatamed, a  young female entrepreneur whose venture provides business owners with an affordable and convenient delivery service for customers. EdTech entrepreneur Matina Razafimahefa, 22, from Madagascar emerged as […]