Covid-19 Grant: African Development Fund approves $9million for East Africa

Advertisements To strengthen responses to the Covid-19 pandemic, the Board of Directors of the African Development Fund have approved grants totalling $9.52million. The grants will help combat the coronavirus in East Africa, Horn of Africa, and in the Comoros. The grant is part of the $10billion Covid-19 Rapid Response Facility approved by the Board of […]

Shell Assets Value Drops by up to $22bn

Advertisements One of the largest oil companies in the world Shell, has warned that the low price of oil could reduce the value of its assets by up to $22bn (£17.9bn). It said it expects oil to change hands at $60 per barrel in the long term. It also expects it to be priced at […]

Grand Renaissance Dam: Ethiopia Agree to Postpone Filling

Advertisements Egypt, Sudan, and Ethiopia have agreed that Ethiopia will delay filling its Grand Renaissance Dam on the Blue Nile. This will allow them to hold talks in a bid to end the dispute concerning the dam. The move comes after weeks of escalating tensions amid fears of open conflict. Ethiopia will delay filling the […]

PAJC and Mastercard Foundation Enabling Ethiopia Project

Advertisements The Jobs Creation Commission, in partnership with the Mastercard Foundation, has launched a 5-year project to support job creation in Ethiopia. The project, Enabling Ethiopia,  will create jobs through driving innovation, policy reform, inclusiveness, and advocacy. The Mastercard Foundation has committed  USD 11.8 million to the project. The Enabling Ethiopia project will implement key components of the […]

Ghana Apologises for Demolition at Nigerian Embassy

Advertisements President Nana Akufo-Addo of Ghana has tendered an official apology to his Nigerian counterpart Muhammadu Buhari. This is following the illegal building demolition on the premises of the Nigerian High Commission in Accra. The two West African leaders spoke by telephone, according to Nigerian presidential spokesman Garba Shehu. Akufo-Addo subsequently assured Buhari that a […]

Africa-wide trade deal to Proceed despite Coronavirus Threat

Advertisements According to top official, the Africa-wide free-trade agreement is unlikely to face any further delays even if a second wave of coronavirus infections hits the region. In an interview at the Bloomberg Invest Global virtual conference on Tuesday, Wamkele Mene said: “If the pandemic continues into 2021, we will develop the necessary public-health protocols […]