Business Africa

COVID19: First Bank, Ecobank and Standard Chartered Join Fight Against the Pandemic

COVID19: First Bank, Ecobank and Standard Chartered Join Fight Against the Pandemic

Three commercial banks,  Ecobank, Standard Chartered, and First Bank, have committed over N500 billion as part of efforts to fight against the COVID19 pandemic in Nigeria. The banks also expressed their readiness to support the government’s efforts towards ensuring that the impact of business shut down is minimal on the […]

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Kenya seeking aid

COVID-19: Kenya Seeks Sh122bn IMF, World Bank Aid

Kenya is seeking Sh122.5 billion ($1.15 billion) emergency aid from the International Monetary Fund (IMF) and the World Bank to support the slowing economy in the face of the coronavirus crisis. The Governor of the Central Bank of Kenya (CBK), Patrick Njoroge Tuesday said Sh85.2 billion ($800 million) is expected […]

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COVID19: Ethiopian Airlines Deliver Supplies from Jack Ma to Nigeria

COVID19: Ethiopian Airlines Deliver Supplies from Jack Ma to Nigeria

An Ethiopian Airlines Freighter arrived on Tuesday at Lagos Airport International Airport, by 3.20 PM on Tuesday, 24 March 2020, to deliver Medical Supplies from the Jack Ma Foundation—the supplies are a part of a donation promised to Africa by Chinese billionaire, Jack Ma, to aid the efforts against COVID19. […]

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World Bank Supports Egypt Housing Plans with $500 Million

World Bank Supports Egypt Housing Plans with $500 Million

In a statement by the World Bank, it was announced that the Washington-based institution has granted Egypt $500 million in additional financing. The purpose of this fund is to support ongoing efforts to improve the affordability of formal housing for low-income households. The financing also aims to strengthen Egypt’s Social […]

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