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…
South African businesses under COVID-19 pressure
Strict measures adopted by South Africa to curb COVID-19 continues to bite entrepreneurs. Fino Dlamini, started her business only in 2019 to offer bicycle tours of Soweto to visitors. But now, her tools are idle.…
Business: Gordhan Stakes Clout for South Africa on…
Pravin Gordhan, South Africa‘s minister for public enterprises, is staking his own credibility and that of President Cyril Ramaphosa‘s government on the creation of a new airline out of the ashes of the bankrupt national…
South Africa: Informal traders join call for unbanning…
The South African Informal Traders Alliance (Saita) and a tobacconist have warned that the ban on the sale of cigarettes is fuelling illicit trade. The organisations are calling on the government to "urgently" lift the…
Business: Nigeria Opens Cash Tap as Oil Revenue…
The government of Nigeria, whose revenue could be slashed by more than half this year due to the oil-price slump, finalized plans for a revised budget that keeps spending almost intact, and that will mean…
Business: Airport management company says it may need…
Airports Company SA (Acsa), which manages and operates nine airports in SA, says it expects it will need about R10 billion in government guarantees over the next five years in order to obtain bank loans…
Business: Mango Airlines to cut employee salaries by…
Mango Airlines, the low-cost wing of SAA, is set to cut its employees’ salaries by up 50percent. Public Enterprises Minister Pravin Gordhan told Parliament during a briefing on the state of state-owned entities including SAA,…
Coronavirus: Why African airlines could rebound faster –…
African skies could experience increased activity earlier than other continents due to the planned evacuation of people seeking to return home from across the world. This is the view advanced by Tewolde Gebremariam, CEO of…
Overcoming the challenges of local production
Imports from china, Kenya’s biggest trading partner plunged by at least Sh58.64 billion in the first two months of the year as the coronavirus outbreak disrupted the supply chain. A survey by the Kenya Association…
Andela CEO confirms staff cuts as layoffs hit…
Africa-focused tech talent accelerator Andela has let go of 135 employees, CEO Jeremy Johnson said. Senior staff at the company — with offices in New York and four African countries — will also take salary…
Falling fuel price could push inflation to 17-year…
Falling fuel prices and collapsing demand are likely to outweigh the effects of a weaker rand, and could push consumer inflation towards 17-year lows, according to investment bank BNP Paribas. BNP Paribas sees inflation averaging…
Chad kicks off industrialization plan
The Republic of Chad strives for an 8% yearly growth rate by 2030 via industrialization and economic diversification. Chad hopes to achieve an 8% economic growth rate in ten years. This is the objective of…
The TEBA network will be instrumental in returning…
TEBA, the century-old company that provides recruitment and other services to mineworkers, will draw on decades of experience to assist SA’s mining companies to gradually ramp up production as lockdown restrictions are eased. The gold…
IMF debt relief for 19 African countries
Six months of debt relief has been granted to 25 countries considered the poorest in the world by the International Monetary Fund. The institution will then redirect these funds towards the fight against the coronavirus…
Informal business relief isn’t reaching the height –…
Recent concessions made by government to relax informal trading restrictions, amid a growing risk of coronavirus infection, highlights the precarious socio-economic situation of low paid workers – not to mention the enduring contradictions of managing…
Nigeria’s booming hydroalcoholic gel business
Nigeria’s hydroalcoholic gel business booms amid the COVID-19 pandemic. In this edition, we speak with Dr. Stephanie Sodangi, who set up a local gel manufacturing plant in her clinic in Abuja. High demand for sanitary…
Hard times for Senegal’s Fish sellers
On the banks of the atlantic in Hann-Bel Air, Dakar, a young man waits desperately for the arrival of a canoe. Galaye Sarr, a 23 year old Fishmonger, like his colleagues and nearly all players…
S. Africa’s Economy May Shrink as Much as…
South Africa’s economy could contract by 2% to 4% this year due to the coronavirus pandemic and measures to curb its spread, according to the Reserve Bank. A 21-day nationwide lockdown aimed at slowing the…
Calabar Mall didn’t collapse – Management
The management of the Calabar Mall and SPAR has debunked claimed that the mall collapsed. “The Calabar Mall building did not collapse as suggested through fake claims on the internet, and the shops remain open…
