IFC, a member of the World Bank Group, has announced an investment of up to US$100mn in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic

AUDA-NEPAD, the African Union Development Agency, and Ecobank Group are committing to pool African resources, capabilities, financing, market access and technology, to help achieve a continental response to resources to Africa’s Micro Small and Medium Enterprises (MSMEs)

In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank (AfDB), paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile East African country

Sudan has joined the United Nations-based “Better Than Cash Alliance” and announced commitment to accelerate digital payments, improving financial inclusion and transperancy throughout Sudan's vast territory

Notwithstanding Tanzania’s strong growth performance in 2019, its economy will also suffer the effects of the COVID-19 pandemic and global economic crisis, according to a World Bank report