Economy

COVID-19 leads to unprecedented year for sub-Saharan African economies

SSA Econ reportThe COVID-19 global pandemic delivered an enormous shock to sub-Saharan Africa (SSA) and led to its first recession in 25 years

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4G Capital and Citi Collaborate to strengthen financial inclusion in Kenya

Africa small shop owners4G Capital Group Limited, Citi, the US International Development Finance Corporation (DFC) and the Ford Foundation have collaborated to expand financial inclusion through the provision of working capital to support the growth of micro-enterprises in Kenya

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African Union online portal to boost AfCFTA implementation

Online portal OTW ATR webAn online tool designed to help businessmen and businesswomen in Africa understand how best to trade between African countries came a step closer to becoming fully operational in August 2020 as a demonstration version came onstream

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IFC and Union Bank Partner to boost Nigeria’s trade finance

ifc nigeria marketIFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria and help protect the country’s economy from the impact of the COVID-19 pandemic

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President Ramaphosa calls joint sitting of Parliament to outline economic recovery plan

cyril ramaphosa 12 OctPresident Cyril Ramphosa has written to National Assembly Speaker Thandi Modise and National Council of Provinces (NCOP) Chairperson Amos Masondo about his intention to call a joint sitting of the two Houses of Parliament

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