Malawi’s new President Lazarus Chakwera (pictured above) has responded to criticisms of nepotism by saying that he had good reasons to select the cabinet that he did. He has included a husband and wife duo as well as people who are related to each other. There are also cabinet posts
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The local currency traded marginally stronger against the dollar as the market witnessed very low appetite for the hard currency as economic activity remained subdued. The bid and ask quotes held at 3708/3718. The shilling interbank market remained awash with liquidity as overnight rates Hoover’s around 3% while one week
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There’s more trouble brewing for Indian coffee exporters, who are not just facing a slump in overall demand due to the Covid-19 pandemic, but also staring at a loss of share in Italy, their largest export market, to exporters from Uganda. Indian coffees are facing stiff competition from low-cost producer
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The World Health Organization (WHO) said on Thursday that indoor airborne transmission of the coronavirus may be possible after more than 200 scientists urged them to address it. The organisation has long said that the primary form of coronavirus transmission comes from respiratory droplets passed through close contact with people
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Ugandan economic growth is set to plunge to as low as 0.4% in 2020 from 5.6% last year as the coronavirus crisis batters the east African economy ahead of presidential elections set for 2021, the World Bank found. The pandemic is expected to hit tourism, exports, and remittances, a report
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South Africa and Egypt are already running human trials for a potential vaccine/Reuters The African Union Commission has launched a consortium for vaccine clinical trials aimed at securing more than 10 late-stage trials as early as possible. The new consortium will be headed by the Africa Centres for Disease Control
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Research done by McKinsey& Company a global management consulting firm revealed that clients who used digital platforms were 33% happier than those who used the traditional means of banking. Given the current circumstances, people should strongly embrace banking from the comfort of their homes. “It does not matter where you
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Ellen Johnson Sirleaf, the first elected female head of state in Africa, led Liberia during the West Africa Ebola outbreak The World Health Organization (WHO) has announced that Ellen Johnson Sirleaf, Liberia's former president, and Helen Clark, New Zealand's former prime minister, are to head a panel to review the
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Ugandan milk products are still finding it hard to access the Kenyan market resulting into collapse of some companies. Raising a matter of national importance, Rujumbura County MP, Fred Turyamuhweza said the Kenyan government is restricting milk from Uganda for no clear reasons. He said this has affected Uganda’s dairy
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More people could die from hunger as a result of the coronavirus pandemic than from the disease itself, an international charity warns. Oxfam says the crisis has disrupted harvests, food supplies and remittances in the poorest countries. It says middle-income countries such as South Africa, India and Brazil, have also
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