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Central Africa Business News
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COVID-19: IMF approves $689m Economic Recovery Grant for Cameroon
The board of the International Monetary Fund (IMF) has approved a $689.5 million three-year financing agreement to aid…
United Nations FAO Builds Veterinary Diagnostic Laboratories in Africa
The National laboratory systems play a vital role in preventing, detecting and responding to health threats and veterinary diagnostic laboratories are at the centre of veterinary services’ control programmes for transboundary animal diseases (TADs).
Burundi, Ethiopia to Strengthen Bilateral Ties
The two Presidents later released a joint communique, asking concerned sector Cabinet ministries to put in place a strategy that will revive their co-operation, through working sessions and of the joint permanent commission between both countries to be convened.
African Start-up Investments Decline for the First Time in a Decade
In a report, Partech Partners said companies on the continent raised $1.43 billion in 2020, down by 29% from a year ago, which was just two deals above $50 million closed last year compared with 10 in 2019.
African Countries Seek Debt Restructuring from G-20 Countries
The economic damage wrought by the coronavirus pandemic will probably make many African countries seek debt restructuring from…
Janus Continental Group Invests $13m in Highview Enterprises Power
The investment will tackle the renewable energy storage gap that currently exists across the continent, where nearly 600m people live without access to electricity.
D.R. Congo Announces Resurgence of Ebola
The announcement marks the start of Congo’s twelfth Ebola outbreak since the virus was discovered near the Ebola River in 1976.
El-Sisi, Tshisekedi Pledge to Strengthen Bilateral Ties
The two presidents held an extended session of bilateral talks focused on strengthening relations and cooperation, to achieve security and stability in the continent.
AfDB Plans $5 Billion Funding for African Women Enterprises
AfDB will also dedicate efforts to creating opportunities for women in the non-financial sectors.
African Continental Free Trade Area to Commence Despite Tariffs Uncertainty
The African Continental Free Trade Area (AfCFTA), which brings together all the African countries with a combined gross domestic product of $3 trillion, had initially been scheduled to be launched on July 1. The implementation was postponed for six months due to the Covid-19 global pandemic that led to lockdowns and restricted movement.