SWITZERLAND: The Federal Council has decided to increase the guarantee assistance programme for COVID-19 bridging credit facilities by additional 20 CHF billion making in total CHF 40 billion according to government release.
CHINA: TECNO Mobile recently released its new camera phone, CAMON 15 series through an online launch event, which became a milestone event in the smartphone industry as the first online product launch in Africa.
UNITED KINGDOM: Newly converted to an online-only format, Sotheby’s sixth sale of Modern & Contemporary African Art realised £2,359,375 / $2,881,741, featuring over 100 works from 58 artists across 21 countries. The auction saw a 46% increase in the number of bidders in comparison to the equivalent sale last year.
IVORY COAST, The African Development Bank’s (AfDB) “Fight Covid-19” social bond listed on London Stock Exchange (LSE) is now available through its Sustainable Bond Market.
On the same day President Julius Maada Bio of Sierra Leone announced the country’s confirmation of its first COVID-19 victim, the Anti-Corruption Commission (ACC) also announced that a senior minister in the Bio Administration had been charged to court for the missing 49,000 bags of rice donated by China to assist the government in feeding hundreds of thousands malnourished school children across the country according to Sierra Leone Telegraph.
“Passenger road transport is the backbone of the global economy. It contributes to the success of numerous sectors, but not limited to, the tourism industry and is essential to business and leisure travel.
(Ecofin Agency) - Ralph Mupita, Head of MTN Group, announced the company plans to sell 15% of its stake in MTN Nigeria. If the operation is completed, MTN will hold 64% in the subsidiary.
(Ecofin Agency) - The stringent restrictive measures adopted by governments to control the propagation of the novel coronavirus pandemic across the world are expected to drop international tourist arrivals by 20% to 30% this year, compared to the last one. This, in turn, could cost between $300 billion and 450 billion, or about one-third of the $1.5 trillion generated in 2019.
SOUTH AFRICA: The African Energy Chamber has named the five most vulnerable African countries amid the Covid-19 and oil price plunge. In its recent analysis the chamber named the countries as Angola, Senegal, Cameroon, Ghana and Nigeria.
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The meeting and urged Member States to put in place National Preparedness and Response Plans and encouraged preventive measures
Robust collaboration would help improve business climate, says VP. - To further improve the country's business climate, there will now be a direct connection between the anti-corruption agenda of the Buhari administration and the reform efforts of the Federal Government, in a bid to secure the reforms through criminal investigation and prosecution of public complaints.
SWITZERLAND: As a result of the increased spread of the coronavirus, (COVID-19) the Swiss government has declared a state of emergency “extraordinary situation” and taken extraordinary measures to counter the spread of the virus across the country.
EGYPT: The Minister of Communications and Information Technology Amr Talaat recently met with the heads of the four telecommunication operators, operating in the Egyptian ICT sector to discuss launching initiatives for supporting education, as school and university have been suspended as a precautionary measure taken by the government to curb the spread of coronavirus (COVID-19).
UGANDA: President Yoweri Museveni has called on the people of Nakasongola who include the Baruli and migrants from other parts of the country, to live in harmony and peacefully and stop fighting and killing each other over land.
One word to describe Ghana’s President Nana Akufo-Addo’s state visit to Switzerland is “HISTORIC.” Prior to his, only two other Sub Saharan leaders had made similar visits and those date back to more than six decades. Ethiopia’s Emperor Haile Selassie was there in 1954 and two years later in 1956, Liberia’s President William Tubman made his own visit.
ETHIOPIA Today, (08 March, 2020) the African Union Commission joins the global community to celebrate and honour African women for their contributions in the development and well-being of this beautiful continent.
It was a visit with a difference. A two-day state visit (February 28-29). The first in more than six decades paid by a Sub-Saharan African leader. The invitation to Ghana’s President Nana Dankwa Akufo-Addo is a result of the longstanding cordial relations between Ghana and Switzerland.
Many of the continent’s top decision-makers to converge at Kigali Summit
SOUTH AFRICA: The African Business leaders will meet in Kigali, Rwanda on 4 to 5 June 2020 to look for to some of the continent’s most challenging social issues at the Africa Shared Value Leadership Summit.
UAE makes Avani Barbarons Resort Available to Seychelles
SEYCHELLES, 04 April 2020
Under the directive of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the ‘Avani Barbarons Seychelles Resort’ will be made available to the Government of Seychelles to be used by the Department of Health as a facility to accommodate their health personnel and supporting frontline service members, in the efforts to combat the spread of COVID-19.
In addition to our weekly brief on the spread of COVID-19 and the actions that Africa CDC is taking to help member states, Africa CDC has begun to share a weekly brief detailing the latest changes in scientific knowledge and public health policy changes, as well as updates to the latest guidance from WHO and others.
(Ecofin Agency) - The Central Bank of Ghana (BoG) has postponed the implementation of the minimum capital requirement for electronic payment service providers to 31 December 2020. The measure, which was scheduled for 30 June at the latest, was reviewed due to the impacts of the current Covid-19 on economies and investments.
(Ecofin Agency) - West Africa recorded $10.2 billion in private equity transactions between 2014 and 2019, ahead of all other African regions. Overall, the continent had 1,046 PE transactions over the period for an amount of $25.3 billion, according to the African Private Equity and Venture Capital Association (AVCA).
NIGERIA: Ringier Africa Digital Publishing (RADP.Africa), an Africa’s media groups is unifying its assets across the continent to form one integrated media company under the name Pulse.
TOGO: Ecobank Group, the pan-African banking group, is inviting African fintech entrepreneurs to enter the 3rd edition of the Ecobank Fintech Challenge. The Fintech Challenge gives African start-ups the opportunity to promote their fintech solutions, and potentially partner with Ecobank to roll-out their solutions across Ecobank’s 33 markets in Africa as well as France.
(Ecofin Agency) Ivan G. Brown, the Director-General of the Liberia Telecommunications Authority (LTA), has recently -signed the country's Act of Accession to the Memorandum of Understanding on Basic Principles for the Implementation of Free-Roaming as part of the ECOWAS Roaming Reduction Initiative. This was in Conakry, at the premises of the Post and Telecommunications Regulatory Authority (Arpt) of Guinea, which currently coordinates the free-roaming initiative in the region.
President Cyril Ramaphosa on Thursday slammed remarks made by South Africa's last apartheid-era leader, F.W. De Klerk, saying it was "treasonous" to deny race segregation was a crime against humanity.