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.
Read More
The Algerian health minister has confirmed the country's first case of the coronavirus in an announcement on state-owned ENTV on Tuesday evening. The minister Abdel Rahman Ben Bouzid said the patient is an Italian man who arrived in the country on 17 February, Reuters news agency reports. The patient has
Read More
The Bill and Melinda Gates Foundation has donated $10m (UShs36.8bn) to help fight locusts in the East African region. The contribution will be given to the UN's Food and Agriculture Organisation (FAO) that appealed for funds to fight the locust invasion that is threatening food security. FAO Director-General QU Dongyu
Read More
International soccer star Didier Drogba (pictured) has helped his birthplace, Côte d’Ivoire (Ivory Coast), strike gold by helping to collect MOUs for a total of $15 billion (UShs55 trillion) in commitments to back tourism projects in the West African country. The breakthrough comes ahead of the UNWTO Forum for Africa,
Read More
Uganda’s richest man, Dr. Sudhir Ruparelia (pictured) has been named the Honorary Consul of the Federal Democratic Republic of Nepal to Uganda. Dr Sudhir is the founder and Chairman of the multibillion Ruparelia Group, a 28-company conglomerate invested in financial services, real estate, education, hospitality, agriculture and media. The group
Read More
BIARRITZ, FRANCE - AUGUST 25: British Prime Minister Boris Johnson and South Africa's President Cyril Ramaphosa join G7 leaders and guests as they gather for a family picture in front of the Biarritz lighthouse on the second day of the annual G7 summit on August 25, 2019 in Biarritz, France.
Read More
Riek Machar took the oath of office in front of President Salva Kiir (l) and Chief Justice Chan Reech Madut Former South Sudanese rebel leader Riek Machar has been sworn in as first vice-president, sealing a peace deal aimed at ending six years of civil war. President Salva Kiir witnessed
Read More
The International Monetary Fund (IMF) has spoken out for the first time on the impact of COVID-19 commonly known as China Coronavirus on the global economy. Today in Riyadh, Ms. Kristalina Georgieva (pictured), Managing Director of the International Monetary Fund (IMF), made the following statement at the G20 Finance Ministers
Read More
Secretary of State Michael Pompeo has asked African governments to adopt the Trump administration’s limited-government approach for economic success, taking a veiled swipe at the Chinese model of debt-heavy infrastructure projects that have permeated the continent. Pompeo lambasted centralized planning and heavy government spending, decrying the “failed socialist experiments of
Read More
China is administering its centuries-old traditional medicine on patients affected by the coronavirus disease, a top health official said. Treatment in Wuhan hospitals combine Traditional Chinese Medicine, popularly known as TCM, and western medicines, said Wang Hesheng, the new health commission head in Hubei, the province at the center of
Read More
