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Zimbabwe reintroduces use of foreign currency before COVID-19 lockdown

Zimbabwe on Sunday reintroduced the use of foreign currencies in local transactions ahead of the start of a nationwide lockdown for 21 days from...

Egypt’s banks introduce limitations on cash withdrawals and deposits amid COVID-19...

Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding...

AfDB launches $3 billion “Fight COVID-19” social bond

The African Development Bank (AfDB) announced that it had raised $3 billion in a three-year bond to help ease the negative economic and social...

Nigeria needs $330 million for COVID-19 battle

Nigeria has appealed to private companies to make voluntary contributions toward the 120 billion naira ($330 million) that the government says it needs to...

East African Community calls for free movement of goods amid COVID-19...

The East African Community (EAC) on Thursday announced a number of resolutions designed to help member states which are battling to halt the spread...

Footballers’ union, English Football Leagues meet to discuss COVID financial impact

The Professional Footballers’ Association (PFA) has called for urgent talks with the Premier League and English Football League to discuss the financial impact of...

South African Airways rescue plan deadline extended to May 29

Creditors of cash-strapped South African Airways (SAA) have authorised an extension of the deadline for the airline’s business rescue plan until May 29, the...

IMF, World Bank Clear Somalia for Debt Relief

The IMF and the World Bank on Wednesday said Somalia had taken the necessary steps to begin receiving debt relief, a key move that...

Uganda suspends all public transport for 14 days to contain COVID-19...

Ugandan President Yoweri Museveni on Wednesday announced the suspension of all public transport for 14 days with immediate effect as part of efforts to...

UK, EU clear Somalia’s $122 million debt owed to AfDB

The United Kingdom and the European Union cleared arrears on loans amounting to $122.55 million that Somalia owed the African Development Bank (AfDB), the...
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