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African News

Buying and Selling Half-shredded Banknotes in Zimbabwe

Buying and Selling Half-shredded Banknotes in Zimbabwe

Zimbabweans are suspicious of banks and prefer to keep their money under pillows and beds. In previous crises, hyperinflation wiped out millions in savings, particularly in 2008. Now, there is a lack of favoured banknotes as they wear out faster than

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Fighting in Ethiopia Intensifies

Fighting in Ethiopia Intensifies

Kenya's government has announced the tightening of security along its 800-kilometer northern border with Ethiopia. Police have also set up additional roadblocks to monitor the movement of firearms and foreigners who may try to enter Kenya illegally.

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Africa’s Free Trade Deal Finally Comes to Life

The first goods will begin to flow under an Africa-wide free-trade pact on Friday, the culmination of more than five years of negotiations on cutting cross-border tariffs. The accord comes to fruition at a time when trade tensions are rising across m

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Remittances from the African Diaspora Decline

The World Bank expects sub-Saharan Africa to see a significant drop in migrant remittance inflows in 2020, much more than last year’s slight decline of 0.5 percent, due to the coronavirus pandemic. From $48 billion in 2019, remittance flows to the

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Plans for One African Market Paused due to Lockdowns

The implementation of a mammoth African free trade agreement will not begin on July 1 as planned due to disruptions caused by the coronavirus outbreak. “It is obviously not possible to commence trade as we had intended on 1 July under the current c

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Nigerian App Brings Farm Fresh Produce to Your Table

Nigerian agri-tech startup Farmcrowdy has ventured into the e-commerce space with the launch of Farmcrowdy Foods, a one-stop digital marketplace that allows consumers to conveniently purchase highly affordable fresh food products from the comfort of

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A Bleak May Day for Africa’s Airline Workers

With SAA downed by debt and revenue loss, the discussion has moved on to finding about R2.2-billion for severance packages — and possibly a new airline emerging from the state-owned airline’s ashes. Airlines around the world have been hit hard by

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This Isn’t the West – How Africa’s Informal Sector Responds to COVID-19” – You’re invited to join the President of Ghana

The President of Ghana, Nana Akufo-Addo, will address what is possibly the largest ever gathering of senior African business leaders. The panel, “This Isn’t the West - How Africa’s Informal Sector Responds to COVID-19” will also feature:

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Kenyan Clothing Factory Turns to Masks Overnight

A week ago, Josephine Wambua spent her days stitching gardening clothes. This week, the factory where she works transformed into an all-out effort to make 30,000 surgical masks a day in a country that barely produced any before. The factory's shift i

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The Developmental Gains Africa had Made Erased

Up to 600 million people risk falling into poverty as major economies shut down to halt the spread of COVID-19, according to Oxfam's new report Dignity Not Destitution. The pandemic could push development gains back by as much as three decades in som

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