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Kenya’s mobile money use hits record high in October amid COVID-19...

Kenyans transacted 528.9 billion shillings (about $4.9 billion) on their mobile phones in October as usage rose considerably amid the COVID-19 pandemic, new Central...

Zimbabwe on course to record bumper wheat harvest

Zimbabwe's wheat farmers are on course to deliver 250,000 tons of wheat this season, with 190,000 tons already being delivered to the Grain Marketing...

Zimbabwe rules out return to US dollar

Zimbabwe will not consider using the US dollar as its default tender again, saying it won’t repeat its past mistake of abandoning the local...

The motorcycle hailing app SafeBoda exits the Kenyan market

The motorcycle hailing app SafeBoda has exited the Kenyan market rendering hundreds jobless – including call center operators. This even as, the thousands of...

Global stock markets mixed but remain on pace for best month...

Global stocks are ending the week in mixed fashion due to concerns about progress in finding an effective COVID vaccine. Several scientists have raised doubts about...

SA Finance minister sparks fierce debate on South African Airways’ future

The debate about the future of South Africa’s troubled national carrier South African Airways (SAA) went a notch higher on Sunday after a government...

COVID-19 surge forces world’s top surgical glove maker to close half...

A Malaysian company that is the world's biggest manufacturer of surgical gloves will close over half of its factories after a surge in coronavirus...

Rwanda’s national carrier resumes 70% of pre-COVID routes

Rwanda’s national carrier, RwandAir has expressed optimism of recovery following a resumption of the majority of its routes that were halted due to the...

Kenya’s forex reserves hit six-month low as shilling falls

Kenya's foreign exchange reserves fell to a six-month low of 8.6 trillion shillings (about 7.93 billion U.S. dollars) on Friday in a week the...

Nigeria slips into recession, weighed down by COVID-19 and oil prices

Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data released by the statistician...
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