Brazzaville, Congo (Republic of the), May 29, 2020/ — On an overcast morning on the outskirts of the Kenyan city of Kisumu, which perches on the edge of Lake Victoria, a queue of commuters receives a spritz of hand sanitizer before boarding a minibus taxi, known locally as a matatu, to head into town.
Category: Industry
How A Post-COVID-19 Revival Could Kickstart Africa’s Free Trade Area
Africa’s dependency on commodity exports, including oil, makes it more vulnerable to the impact of COVID-19. Getty Images Faizel Ismail, University of Cape Town May 27, 2020//-The African Continental Free Trade Area was launched two years ago at an African Union (AU) summit in Kigali, Rwanda.
Keeping Economic Data Flowing During COVID-19
May 26, 2020//-Accurate and timely economic data are crucial for informing policy decisions, especially during a crisis. But the COVID-19 pandemic has disrupted the production of many key statistics.
Supporting Young Entrepreneurs: UNDP, EPFL, Orange and SAP Open Nominations
Geneva, Switzerland, May 27, 2020// – The United Nations Development Programme (UNDP), École polytechnique fédérale de Lausanne (EPFL), Orange and SAP launch the second edition of the Growth Stage Impact Ventures (GSIV) for Sustainable Development Goals (SDGs) initiative; aimed at identifying and showcasing mature impact ventures in emerging countries with the catalytic potential to drive both large impact and […]
New Research Points Toward an Investment in Very Young Entrepreneurs to Unlock Peer-to-peer Driven Employment Growth
Johannesburg, South Africa, May 26, 2020/ — Investments in supporting successful transitions from school and university directly to entrepreneurship could unlock significant employment gains in Africa, this is according to a new research paper from the Anzisha Prize which has worked with very young African entrepreneurs for over a decade.
We Will Not Defeat COVID-19 Without Including Africa in the Global Response
Geneva, Switzerland, May 25, 2020//-In much of the global COVID-19 conversation, Africa is barely mentioned. But the risks which the COVID-19 crisis brings are even greater in Africa than elsewhere – and those risks will be compounded if Africa is marginalized in the global response.
Marking Africa Day: Heed Ceasefire Call, United Nations Chief Urges
New York, United States of America, May 25, 2020/ — African countries have “demonstrated commendable leadership” battling the COVID-19 pandemic, but more nations across the continent where conflict prevails, should heed the UN call for a global ceasefire to push back the deadly virus, said the Secretary-General on Monday.
Working Hours to Buy S&P 500 Skyrocket to All-time Highs in 160 Years
May 25, 2020//-Data compiled by Finbold.com indicates that an average United States worker needs to work for about 126 hours to buy one S&P 500 index share. The number of hours represents the highest figure in 160 years.
The African Development Bank: Tolling Bells for Humanity
Malabo, Equatorial Guinea, 25 May, 2020//-COVID-19 is severely testing Africa’s social, economic and political resilience. While it is true that our countries are taking bold actions to slow down and contain the spread of the virus, it is also undeniable that recession looms in our continent.
Informal Traders: A Balancing Act Of Survival
May 24, 2020//-Africa’s informal cross-border traders have been hit hard by Covid-19. David Luke, Gerald Masila and Lily Sommer call for five urgent interventions to prevent irreversible damage to this vulnerable community