South Africa’s central bank on Thursday cut its key interest rate for the fifth time this year in a bid to breathe life into the coronavirus-stricken economy. Along with other central banks around the world to aggressively lower borrowing costs in a bid to soften economic blow from COVID-19, the South African Reserve Bank cut […]

The main talking point about Sino-African relations in the COVID-19 experience has been the extent to which China will take part in the G20 initiative to defer sovereign debt repayments.

Nike said Wednesday it expects to cut jobs as it announced a slew of new executive appointments to accelerate direct-to-consumer initiatives amid the coronavirus pandemic. The sports giant did not estimate the headcount hit, but said it expects “a net loss of jobs across the company,” resulting in one-time expenses of $250-$300 million. “We are […]

It is believed that Africans have never worked together in the fight for economic independence because they don’t have the culture of working together. On the other hand, it is also believed by some scholars that Africans do have a culture of working together but lack the understanding of a vision and direction. Whichever one […]

India has donated essential medicines worth 50 million dollars to African countries as part of the country’s collaboration with Africa to combat the COVID-19 pandemic. The High Commissioner of India to Nigeria, Mr. Abhay Thakur, disclosed this in an interview with newsmen in Abuja after he donated some items to the Federal Government. The Government […]

Sudan’s highest governing body Friday ratified a law criminalising female genital mutilation, a widespread ritual in the African country, the justice ministry announced. The sovereign council, comprising military and civilian figures, approved a series of laws including criminalisation of the age-old practice known as FGM or genital cutting that “undermines the dignity of women”, the […]

Leader of Africa’s first Economic War under the Black Wall Street platform, Charles N Lambert, has strongly condemned the high rate at which Africans import goods into the continent. Africans are known for their high penchant for foreign-made goods in comparison to those produced locally in the continent. While committing to fighting this danger that […]

Three last-minute contenders on Wednesday joined the race to become the next head of the beleaguered World Trade Organization, meaning eight candidates in total are vying for the daunting position. Britain’s first post-Brexit international trade secretary Liam Fox, former Saudi economy minister Mohammed al-Tuwaijri and Kenya’s former WTO General Council chair Amina Mohamed all threw their […]

Feet ‘N’ Tricks International, the organisers of the Freestyle UNLOCKED Africa 2020 has announced MTN as the headline sponsor for the fourth annual games kicking off on Monday, July 1, 2020. Valentine Ozigbo, the Chairman of Feet ‘N’ Tricks International, in a press statement on Monday, July 6, 2020, revealed that the telecommunications giant will […]

Health workers battling the coronavirus pandemic in DR Congo’s capital Kinshasa said Monday they are on “unlimited strike” until they get paid. The DR Congo health workers in Kinshasa, where nearly 90 percent of the vast central African country’s infections have been recorded, said they hadn’t been paid for three months. “They paid us for […]

KENYAN President Uhuru Kenyatta and former President Dr Goodluck Ebele Jonathan have called for closer collaboration among African leaders as a means of deepening Africa’s post-COVID-19 recovery efforts and finding answers to the continent’s growth and development challenges. Both leaders recognised the prominent role played by Africa Centre for Disease Control (CDC), the Africa COVID-19 […]

Dr Olumuyiwa Ojo, an official of the World Health Organisation (WHO), says elimination of cervical cancer, a deadly disease that affects more than 14,000 women annually in Nigeria, is possible. Cervical cancer causes 8,000 deaths annually due to late presentation at health facilities, making it the second leading cause of cancer deaths in women aged […]

Malawi, which holds presidential polls on June 23 after its 2019 vote was cancelled, is a small, poor southern African country where people are largely dependent on agriculture and its enormous lake for their livelihoods. – One-fifth water – The country is landlocked but around a fifth of its surface area is covered by water, […]

The Consul General of The People’s Republic of China in Lagos, Chu Maoming has disclosed that Chinese President, Xi Jinping made an important statement that is of great and far-reaching significance in boosting global confidence in pandemic containment, promoting international anti-pandemic cooperation and planning for the future global governance system during the virtual event of opening of the 73rd World Health Assembly, as it vows continued support to Africa.

The African Development Bank (AfDB) on Thursday said “no decision” had been taken regarding a US push for an outside probe into its president, Akinwumi Adesina accused by whistleblowers of ethics breaches. US Treasury Secretary Steven Mnuchin says Washington is dissatisfied with the outcome of an internal inquiry that has exonerated AfDB chief Akinwumi Adesina. […]