Central Banks in the COMESA region have been implementing new policy instruments and made changes to their monetary policy frameworks in order to address low growth and increase in unemployment resulting from the negative impact of COVID-19.
Africa EAC Industry

Unconventional Monetary Policies Necessary to Address the Impact of COVID-19

Central Banks in the COMESA region have been implementing new policy instruments and made changes to their monetary policy frameworks in order to address low growth and increase in unemployment resulting from the negative impact of COVID-19. According to  a special report published by the Director of the COMESA Monetary Institute (CMI), Ibrahim Zeidy, most […]

SWIFT and BAE Systems Applied Intelligence has published ‘Follow the Money’, a new report that describes the complex web of money mules, front companies and cryptocurrencies that criminals use to siphon funds from the financial system after a cyber-attack.
Africa ICT Industry

New report reveals how cyber attackers ‘cash out’ following large-scale heists

SWIFT and BAE Systems Applied Intelligence has published ‘Follow the Money’, a new report that describes the complex web of money mules, front companies and cryptocurrencies that criminals use to siphon funds from the financial system after a cyber-attack. The report highlights the ingenuity of money laundering tactics to obtain liquid financial assets and avoid […]

Africa Opinions

Africa’s Gathering Debt Storm

Cobus van Staden CAPE TOWN – The COVID-19 crisis is pushing Africa to the financial brink. African governments are under pressure to continue servicing their external loans, leaving them with few resources to confront a historic pandemic and its economic fallout. Without external support – specifically, a comprehensive repayment freeze – some African economies will […]

Africa Agribusiness

East African Grain Council IITA and EAGC partner to produce aflatoxin-free grains

BY SAMUEL NABWIISO The International Institute of Tropical Agriculture (IITA) and the Eastern Africa Grain Council (EAGC) have signed an agreement to work together to tackle aflatoxin contamination of grains in the region to help ensure that they are safe for human and livestock consumption and meet export standards. Aflatoxin is a highly poisonous chemical […]

Africa Markets

Dr. Akinwumi Adesina, eighth President of the African Development Bank, sworn in for second term

Adesina – “Let us move forward, driven by the power of our mission, inspired by the primacy of our vision and emboldened by the strength of our togetherness”  Abidjan, Côte d’Ivoire, 1 September 2020 – “Today, a rainbow stretches from the 81 member countries of the African Development Bank across the deep blue skies of Africa…The […]

The United Nations Development Program (UNDP) is supporting the Tanzania Association of Tour Operators (TATO) to revive the Tanzania tourism industry to spur other businesses, recover thousands of lost jobs, and generate revenue to the economy.
Africa EAC Industry Tourism

Tanzania starts strategic partnerships to Revive Tourism

The United Nations Development Program (UNDP) is supporting the Tanzania Association of Tour Operators (TATO) to revive the Tanzania tourism industry to spur other businesses, recover thousands of lost jobs, and generate revenue to the economy. Wildlife tourism in Tanzania continues to grow with nearly 1.5 million tourists visiting the country annually, earning the country […]

Africa Travel

Kenya Airways Records A 68% Drop in Revenue From The Previous Year – According to HY Release 2020 Results.

Kenya Airways releases results for the past 6 months Nairobi, 28th August 2020 – Kenya Airways (KQ) has released its financial results for the six-month period ending July 2020 at a virtual investor briefing held this morning. During this period, the airline’s total revenue reduced by 48% to Kshs. 30,214 million as a result of […]

Ethiopian Airlines Group has announced that it has successfully completed a new passenger terminal at its hub Addis Ababa Bole International Airport with emphasis on Bio Security and Bio-Safety measures.
Africa Industry Travel Uncategorised

Ethiopian Airlines opens new passenger terminal at Addis Ababa Bole Airport

Ethiopian Airlines Group has announced that it has successfully completed a new passenger terminal at its hub Addis Ababa Bole International Airport with emphasis on Bio Security and Bio-Safety measures. The new terminal has check-in hall with sixty check-in counters, thirty self-check-in kiosks, ten self-bag drop/SBD/, sixteen immigration counters with more e-gate provisions, sixteen central […]

The Tanzania Civil  Aviation Authority (TCAA) has banned three Kenyan airlines from flying into the country airspace in retaliation for Kenya subjecting passengers from Tanzania to a mandatory 14-day COVID-19 quarantine.
Africa EAC Industry Travel

Tanzania bans more Kenyan airlines from its airspace

The Tanzania Civil  Aviation Authority (TCAA) has banned three Kenyan airlines from flying into the country airspace in retaliation for Kenya subjecting passengers from Tanzania to a mandatory 14-day COVID-19 quarantine. Tanzania reported 509 COVID-19 cases and 21 deaths in late April when authorities stopped publishing the pandemic’s tally. President John Magufuli has declared victory […]