The Cinema Exhibitors Association of Nigeria (CEAN), the country’s premier Film Trade Association Body, has announced good news for cinema lovers on the occasion of the International Cinema Day. Opeyemi Ajayi, the chairman of the Cinema Exhibitors Association of Nigeria (CEAN), said in a statement on Tuesday in Lagos that cinema lovers would enjoy discounted […]
The World Bank has demanded swift Coronavirus response from health agencies all over the world particularly in Africa due to the outbreak of the virus in major populated African countries. They have ordered the immediate vaccination of African countries. South Africa and Nigeria, the two biggest economies in the district, saw yield fall pointedly in […]
Over 5 months of lockdown in light of the Covid-19 pandemic and Esther has finally returned to work in Madagascar’s capital. The mother of two makes a living selling steel wool which yields a daily 23 Euro cents — barely enough to feed her family. And to make matters worse, she will most likely have […]
Africa is where the next Road World Championships will be held in 2025, as announced by the Switzerland-based world governing body for sports cycling competitive events, The Union Cycliste Internationale (UCI). This will be the first time as Africa will be the final continent to host the championships and the UCI hopes the event will […]
The coronavirus pandemic may want to convey tremendous modifications to Africa’s economies even if output shrinks by means of as tons as 10% this year, in accordance to a new investment report. There are already signs that the continent will be disproportionately hit by way of the outbreak that has raised dangers and worsened the […]
Borders are Open in Namibia Ready for takeoff! Aeroplane runways in Namibia, as the Southern African country reopened its borders on September 1. The country hopes to fix hundreds of jobs in the country’s Covid-19 pandemic hard-hit tourism region — its third-largest source of overseas trade after the mining and fishing industries. As ultimate year […]
South Africans on the street are weighing in on the latest economic indicators showing the economy contracted by 51 per cent in the second quarter of this year. South Africa’s economy shrank by more than half in the second quarter, an unprecedented decline, as the coronavirus pandemic took its toll on the continent’s most industrialised […]
A long queue of downcast Zimbabweans stretches out in Chitungwiza, Zimbabwe as inhabitants await their turn to receive their daily food handout. This way of life was not what many envisioned after the late former president Robert Mugabe was forced to resign from his position in 2017 after 37 years in power. A Chitungwiza resident, […]
The handover ceremony between Tunisia’s outgoing Prime Minister, Elyes Fakhfakh and his successor, Hichem Mechichi, took vicinity on Thursday in Dar Dhiaffa at the Carthage Palace. The now ex-prime minister Fakhfakh did not cover his distaste for having to go away the Kasbah after solely a quite brief duration in position. He shared a few […]
Coffee Consumption is on the Rise in Uganda There’s a new trend brewing in Uganda amongst the younger generation that can be found in an aroma-filled cup of cappuccino or espresso. Indeed, despite being the second-largest coffee-producer on the African continent, Ugandans have been typically tea drinkers. However, Today’s cultural times are seeing the rise […]
African countries have made “significant” progress in reaffirming their commitments and building their capacity to achieve tax transparency. This is the main conclusion of the recent report on “Tax Transparency in Africa” of the Africa Initiative, which shows that the five African countries committed to fighting these phenomena have recorded almost $12 million in additional […]
South Africa’s public enterprises ministry on Wednesday urged creditors to back a rescue plan for cash-strapped South African Airways (SAA). Creditors are due to vote on the restructuring plan on Thursday, but one of the creditors – private airline Airlink – is in court on Wednesday trying to prevent the vote from happening. The plan […]
Egyptian Minister of Tourism and Antiquities says that the country is “laying the groundwork for tourists” to find the country in tiptop hygienic state as Egypt gears up to welcome back tourists. Tourists have been kept away by the coronavirus pandemic. The African country has since March halted air traffic and closed archaeological sites, museums […]
Standard and Poor’s on Wednesday lowered the credit rating for South Africa by one notch to “BB-” due to the “significant adverse implications” of the coronavirus pandemic on the country’s already-weakened economy. “South Africa’s already contracting economy will face a further sharp COVID-19-related downturn in 2020,” after contracting in the second half of 2019 due […]
Ratings agency Fitch downgraded South Africa’s credit rating further into “junk” territory on Friday, another blow for Africa’s most industrialised economy, which is still smarting from a Moody’s downgrade last week. Fitch lowered its long-term foreign-currency issuer default rating to ‘BB’ from ‘BB+” and assigned a negative outlook. The agency cited “the lack of a […]
The coronavirus epidemic continues to disrupt life across the world. The disruption is all but gathering steam in affected even virus-free African countries. The rate of infection is lower on the continent as compared to Europe, Asia and parts of the Americas, where lockdowns are in place. The impact on gatherings is an area that […]
These are six panels which followed one another to take stock of the economic situation of the countries of Central Africa, during an event focusing on the financial market held in Brazzaville, capital of the Republic of Congo. Among the main objectives of the event was to present the new opportunities offered by the unified […]