Heads of States Call for Debt Service Suspension Initiative
Africa Markets

Heads of States Call for Debt Service Suspension Initiative

Abidjan, 30 March 2021 –Several heads of state and government, the United Nations and heads of multilateral development finance institutions on Monday called for expansion of the Debt Service Suspension Initiative, under which low-income countries have suspended paying down debt during the Covid-19 pandemic. The initiative should be widened beyond low-income countries and its current expiration extended to […]

Business Activity Declines for the First Time in Seven Months
Africa Markets

Business Activity Declines for the First Time in Seven Months

Business activity declined for the first time during the past seven months, the headline Stanbic Purchasing Managers’ Index (PMI) dipped below the 50.0, posting a reading of 49.8 from 51.2 in December 2020. Uganda Purchase Manager’s index declines from 51.2% to 49.8% (by 1.4) New orders and employment fall Companies optimistic regarding 12 months outlook […]

Africa Markets

COMESA Institutions, CBC and TDB, Partner for the Validation of the Regional Digital Integrated Common Payment Policy for Micro, Small and Medium-sized Enterprises (MSMEs)

Kigali Rwanda, Wednesday 20th January 2021: “The digital payment system platform dividend for COMESA and Africa at large, can be enormous with potential gains in growth of regional trade (sourcing and supply) which is currently below 20%. But turning this vast potential into reality will require the collective efforts of our governments, the private sector, […]

Africa Markets Wellness

Pfizer Appoints Patrick van der Loo as Regional President for Africa and the Middle East

Dubai, United Arab Emirates, 11 January 2021: Pfizer announced today the appointment of Patrick van der Loo as Regional President for Africa and the Middle East (AfME) region. Patrick’s Pfizer experience spans more than 20 years in leadership roles with multiple successes across geographies.  In his new role as Regional President for AfME, Patrick will […]