Rapid COVID-19 Tests for Kenyan Truckers Revive African Economies

The International Organization for Migration is providing rapid COVID-19 tests to thousands of truck drivers across Kenya as part of an effort to reinvigorate regional economies in Eastern and Central Africa. Much of Africa’s multibillion-dollar cross-border trade has been halted because of the COVID-19 pandemic. Truck drivers identified as a high-risk group for spreading the […]

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Illicit Financial Flows Rob African Coffers of $89 Billion a Year

UN Conference on Trade and Development (UNCTAD ) economists say the vast sums of money flowing out of Africa through illegal, corrupt practices are undermining progress made by African countries to achieve the UN’s Sustainable Development Goals (SDGs) by 2030. UNCTAD’s just released Economic Development in Africa Report 2020 estimates illicit financial flows out of Africa are […]

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Western Libya Political Figures Appear to Nix Oil Deal

Opposition from top political figures in Libya’s U.N.-backed government in Tripoli to a deal announced Friday to resume the country’s oil production appears to have put the agreement on hold, at least for the moment. The deal between eastern Libyan military commander Khalifa Haftar and the Tripoli government’s deputy prime minister, Ahmed Maitiq, prompted negative […]

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Cameroon Bans Cereal Exports to Nigeria

Cameroon has blocked cereals exports, including millet and corn, to Nigeria as a food security measure after a production drop.  Authorities blamed the decrease in food production on its northern border on the threat from Boko Haram terrorists. Damian Kinkoh of the food control unit of Cameroon’s Trade Ministry says about 6,000 metric tons of […]

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Africa Looks to Tax Tech Giants as Economic Fallout From COVID Bites

Tax officials in Africa estimate that government revenues will drop between 10 and 30 percent in 2020 as a result of the economic fallout stemming from the coronavirus pandemic. But while businesses in the hospitality, construction and retail sectors have suffered, digital companies have boomed as more people stay home and conduct their activities online. […]

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