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According to sources, AU Chairperson is now consulting member states to make a final decision, either on postponement or starting trading on July 1.

AfCFTA should not be delayed due to Covid-19, says AfCFTA Year Zero Report

Our Correspondent11 May 2020 8:19 PM IST

African trade experts and business leaders on the continent have signed an open letter stressing that the African Continental Free Trade Area (AfCFTA)...

The Nigerian-founded venture’s main business is providing B2B payments services for companies operating in Africa to pay other companies on the continent and abroad.

E-commerce platform Flutterwave Store launched for SMEs to sell products

Our Correspondent1 May 2020 5:19 PM IST

San Francisco and Lagos-based fintech startup Flutterwave has launched Flutterwave Store, a portal for African merchants to create digital shops to...

The package consists of a $32 million line of credit from the AfDB and an additional $8 million in parallel financing from the Africa Growing Together Fund.

AfDB approves $40 mn package for Angola’s BMA to support SMEs

Our Correspondent30 April 2020 5:36 PM IST

The collaboration seeks to develop and empower these farmers and SMEs to help Nestle meet its goal of boosting from 60 percent to more than 70 percent by 2022.

Nestle, IDH’s Grown Sustainably in Africa partner for 3 years to support 25k farmers, 50 SMEs

Our Correspondent23 April 2020 4:22 PM IST

Together, official creditors have mobilised up to $57 billion for Africa in 2020 alone, including upwards of $18 billion from the IMF and the World Bank each.

World Bank, IMF mobilise partners in the fight against Covid-19 in Africa

Our Correspondent20 April 2020 6:30 PM IST

If advanced economies like Italy, Spain, the United States and France are struggling to contain the wrath of this pandemic, then it has a devastating potential in poor countries like Uganda, Cameroon, Burkina Faso, and Senegal.

Africa cannot go back to ‘business as usual’ when Covid-19 pandemic is over

Our Correspondent13 April 2020 4:56 PM IST

The analysis shows that Covid-19 will cost the region between $37 billion and $79 billion in output losses for 2020 due to a combination of effects.

Covid-19 drives sub-Saharan Africa toward first recession in 25 yrs: World Bank study

Our Correspondent9 April 2020 7:32 PM IST

Bureau members, Zimbabwe, the Democratic Republic of the Congo, Uganda, Liberia, and Morocco, pledged their full commitment to expand outreach and to take and promote concrete actions.

Africa’s finance ministers call for $100 bn to secure their nations due to pandemic

Our Correspondent7 April 2020 5:55 PM IST

The pandemic and the oil-price shock are likely to tip Africa into an economic contraction in 2020, in the absence of a major fiscal stimulus.

Covid-19 will greatly reduce Africa’s GDP growth in 2020: McKinsey

Our Correspondent2 April 2020 4:47 PM IST

In addition to offering its logistics and supply-chain network, Jumia is collaborating with health ministries in several countries to use its website and mobile platforms to share Covid-19 related public service messages.

Covid-19: Jumia offers African governments last mile delivery solution for medical supplies

Our Correspondent26 March 2020 7:46 PM IST

The annual to be held at Portugal will gather over 700 African and European change-makers.

EurAfrican Forum to focus on free trade agreements, climate change

Our Correspondent4 March 2020 5:13 PM IST

TLcom Capital will focus primarily on startups in Nigeria, Kenya, and South Africa but is also eyeing rising markets, such as Ethiopia.

VC firm TLcom Capital closes $71 mn funding; plans investment in 12 startups

Our Correspondent18 Feb 2020 4:49 PM IST