Africa has reported more than 1,000 positive COVID-19 cases (45 of the 54 countries now bearing confirmed cases) and more than 40 deaths, according to John Hopkins University
Finance
Somalia receives debt relief, World Bank and IMF call for global payment suspension
The United Nations official in Somalia congratulated the Horn of Africa nation for achieving the benchmark set by the World Bank and the International Monetary Fund (IMF), confirming its eligibility for debt relief
COVID-19 and the consequences for Africa
The African continent has been hit later than other regions from the pandemic, but it’s becoming a major challenge
Nigeria's Bank of Industry raises US$1.11bn
The Bank of Industry (BOI), Nigeria’s oldest and largest development financing institution, has raised US$1.11bn from the international capital market, with an aim to serve its customers better
Tongaat Hulett invests in Mozambique sugar factory
South African company Tongaat Hulett has promised to invest around US$29.5mn to boost sugar production in Mozambique