The World Health Organisation (WHO) has advised people to use contactless technology instead of cash as banknotes may be spreading coronavirus. The infectious COVID-19 virus could be carried on the surface of banknotes for several days, the WHO warned on Monday night. To stop the spread of the disease, people
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Ethiopia has said the US position on the controversial Nile River mega-dam project is "totally unacceptable". The US is negotiating between Ethiopia and Egypt in the ongoing dispute over the Grand Ethiopian Renaissance Dam that some fear could lead to war. Ethiopia accused the US of overstepping its role as
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South Africa’s battered economy has entered its second recession in two years. It shrank by 1.4% in the fourth quarter of 2019. This follows a further 0.8% contraction in the third quarter of last year. The country continues to battle persistent power cuts which have hampered manufacturing, agriculture and mining.
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The United Nations Women has barred delegates from member countries including Uganda from traveling to New York to attend the U.N. Commission on the Status of Women due to the outbreak of corona Virus across the globe. The cancellation was communicated by Speaker Rebecca Kadaga during today’s plenary sitting. Kadaga
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Directors of the collapsed Nakumatt Supermarkets that sank with billions of shillings in suppliers’ money are on the run, with Interpol in pursuit, after it emerged that the retailer siphoned out the cash. Kenya’s Interior Cabinet Secretary Fred Matiang’i last week said that authorities have information that the firm wired
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The World Bank and the International Monetary Fund (IMF) have teamed up to fight the deadly COVID-19 virus commonly referred to as coronavirus. The IMF Managing Director, Kristalina Georgieva and World Bank Group President, David Malpass issued the following joint statement. “The IMF and the World Bank Group stand ready
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China is transferring tens of thousands of Uighur detainees out of internment camps and into factories that supply some of the world's leading brands, an Australian think tank said Monday. Top global brands such as Apple, BMW and Sony have been accused of getting supplies from factories using the forced
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African governments need to be tougher when negotiating the terms of Eurobonds and commercial loans, the African Development Bank said. Some external debts mature before the infrastructure projects they fund start generating returns, which raises refinancing risks, the president of the development-finance lender warned. Neither should African borrowers be “price
Read MoreToshiba Energy Systems & Solutions Corporation (hereinafter "Toshiba ESS") announced that the company, Toyota Tsusho Corporation and Turkish engineering company Egesim Energy Electro-Mechanic Construction Contracting Co., Ltd. have received an order of engineering, procurement and construction for Aluto Langano Geothermal Wellhead Power System in central Ethiopia, which is developed by
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The International Monetary Fund (IMF) Managing Director Kristalina Georgieva Wednesday announced that the International Monetary Fund has secured sufficient financing pledges to allow the Fund to provide comprehensive debt relief to Somalia. Over 100 IMF member countries have pledged to provide more than SDR 242 million (US$334 million) in financing.
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