Entries by Wincate Mithini

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FINTECH CAN HELP IN FIGHT AGAINST CORONAVIRUS SPREAD IN AFRICA

Safaricom, Kenya’s biggest telecoms operator, on Monday made a commitment to waive transaction costs on mobile money transfers under 1,000 shillings ($10) for customers on its mobile money platform, M-Pesa. Also, Airtel Kenya waived transaction charges on transfer from mobile wallet to bank accounts on Tuesday, 17th of March. Airtel also increased the limits subscribers […]

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Banks offer relief to borrowers as traders warned on hiking costs

Borrowers can sigh in relief as banks take new measures to cushion individuals and businesses that find themselves in financial distress as a result of the fast-spreading coronavirus (Covid-19). In meeting with President Uhuru Kenyatta at State House on Wednesday, Central Bank of Kenya (CBK) Governor Patrick Njoroge said the deal reached with commercial banks […]

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South Africa’s DTI calls for the finalisation of AfCFTA tariff schedules so to meet Implementation Date

Source: thedti.gov.za One of the immediate tasks of the African Continental Free Trade Area (AfCFTA) is to ensure that the tariff schedule listing all products covered by the agreement for tariff liberalisation and the indispensable rules of origin are finalised to ensure that the implementation date of 1 July 2020 is met. Therefore, the current […]

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Economic Impact of the COVID-19 on Africa

Source: uneca.org For the detailed documentation (PDF) The Economic Commission for Africa (ECA) on Friday warned the unfolding coronavirus crisis could seriously dent Africa’s already stagnant growth with oil exporting nations losing up to US$ $65 billion in revenues as crude oil prices continue to tumble. Speaking at a Press Conference in Addis Ababa, ECA […]

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Gender Mainstreaming in AfCFTA National Strategies: Why it Matters for the SDGs

Trading under the historic African Continental Free Trade Area (AfCFTA) is scheduled to begin on 1 July 2020. Hailed as a game-changing agreement, with the potential to propel Africa’s socio-economic transformation, the AfCFTA will play a significant role in anchoring the 17 SDGs. The UN Economic Commission for Africa (UNECA) has recognized the unparalleled opportunities […]

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AU urges leveraging continental free trade area towards silencing guns in Africa

A senior official of the African Union (AU) has noted that leveraging the African continental free trade area (AfCFTA) contributes to silencing the guns in Africa, through the process of delivering broad-based prosperity on the continent. The 33rd AU summit is being held under the theme, Silencing the Guns: Creating Conducive Conditions for Africa’s Development, […]