Markets Opportunities Wellness

AfDB approves $13.7m to strengthen health system, boost anti-COVID-19 efforts

The Board of Directors of the African Development Bank has approved a $13.7 million grant to finance the COVID-19 response in Zimbabwe. The funds will provide an immediate lifeline for targeted frontline responders and health personnel and boost the country’s Global Health Security Index in the wake of the novel coronavirus pandemic. Approval for the grant was made […]

Agribusiness Markets Opinions

A Pandemic of Hunger

By Esther Ngumbi URBANA, ILLINOIS – Around the world, food insecurity is spiking. Experts predict that the number of hungry people will double during the COVID-19 pandemic. Throughout Africa, governments struggle to provide for the neediest. In Burkina Faso, which at one point had the highest number of deaths from COVID-19 in Sub-Saharan Africa, more […]

The shilling caught a break from the recent pressure, gaining some ground versus its American counterpart.
Markets

Dollar in demand as safe haven

The shilling caught a break from the recent pressure, gaining some ground versus its American counterpart. Activity started off rapidly earlier in the day but picked up later with most players lightening their dollar positions. Foreign currency inflows from investors following the settlements from the just concluded 3yr and 10yr bond auction, also supported the […]