Category Archives: Market

African Development Bank: ‘No Decision’ Yet on Demands for Probe

The African Development Bank (AfDB) on Thursday said “no decision” had been taken regarding a U.S. push for an outside probe into its chief, accused by whistleblowers of ethics breaches. U.S. Treasury Secretary Steven Mnuchin says Washington is dissatisfied with

African Countries Should Reopen Economies Gradually, Once Data Shows It’s Safe, Experts Say

The World Health Organization, the Africa Centers for Disease Control and Prevention, and the World Economic Forum have issued guidelines for African countries looking to reopen their economies after weeks of lockdown due to the coronavirus.  Health authorities are concerned

Being a Journalist is Risky Business in Somalia

Journalists in Somalia routinely face many difficulties but this year, under the stress of the spread of COVID-19, they say feel even more threatened by intimidation and arrest by what they call hostile leaders. Cautiously celebrating World Press Freedom Day,

World Bank, IMF: Africa Still Needs $44 Billion to Fight COVID-19 Pandemic

The World Bank and International Monetary Fund said on Friday that Africa needs $44 billion more to fight the coronavirus pandemic despite a freeze in debt payments for many countries and massive pledges of support. The Washington-based lenders and other

President Julius Maada Bio encourages Sierra Leoneans to increase community surveillance, calls for more citizens’ participation

State House, Freetown– His Excellency President Dr Julius Maada Bio has encouraged Sierra Leoneans to help with the increased surveillance at community levels and called for more citizens’ participation in the fight against the Coronavirus, COVID-19. “Let me take this

Economists Say Coronavirus Will Slam African Economies

ADDIS ABABA - As the coronavirus spreads across Africa, countries are taking stronger measures to curb its spread. The restrictions may contain the virus, but will likely have a deep impact on the continent's economies. With several