Posted in Business Market

Benin Named Fastest Place to Start Business Online – Thanks to COVID ?

COTONOU, BENIN – Benin set up a service early in the COVID-19 pandemic to allow people to register their business online, and now the West African country is the world’s fastest place to start a business, according to a U.N. agency. Sandra Idossou, own…

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Posted in Business Market

COVID Pandemic Dampens Africa’s Economic Growth

Three years ago, nearly every country in Africa agreed to be part of a continental free trade area intended to lower tariffs and boost economies. But the agreement has yet to be fully implemented because of restrictions stemming from the COVID-19 pand…

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Posted in Business Market

Biden Administration Launches Initiative to Build US-Africa Trade

The administration of U.S. President Joe Biden has kicked off the Prosper Africa Build Together initiative by requesting $80 million from Congress to build trade and investment between the U.S. and Africa.Dana Banks, U.S. senior director for Africa at …

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Posted in Business Market

Biden Revives Trump’s Africa Business Initiative

The Biden administration on Tuesday announced a new push to expand business ties between U.S. companies and Africa, with a focus on clean energy, health, agribusiness and transportation infrastructure on the continent. U.S. industry executives welcomed…

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Posted in Business Market

Internet Restrictions Hold Back Africa’s Economic Growth, Study Finds

A report by a non-profit group says Africa needs to increase internet access to boost its economies, especially in the wake of the COVID-19 pandemic. The advocacy group found that while Africa’s locally routed online traffic has increased, only one in…

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Posted in Business Market

Efforts to Boost South Sudan Agriculture Found Lagging

While people in South Sudan have enjoyed independence for the past 10 years, one longstanding problem – food insecurity – still hangs over the world’s newest nation despite vast areas of arable land.A World Food Program report published in June said 60…

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Posted in Business Market

World Bank, African Union Partner to Buy, Distribute 400 Million COVID-19 Shots

The World Bank announced a partnership with the African Union Tuesday to finance the acquisition and distribution of COVID-19 vaccine for 400 million people in Africa.In a remote news conference via Zoom, World Bank Managing Operations Director Axel va…

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Posted in Business Market

World Bank Says Zimbabwe’s Economy on Recovery Path

In a report this month, the World Bank predicts Zimbabwe’s economy will grow 3.9% this year even as the country sees an alarming rise in poverty levels, especially in urban areas. The report says a record 7.9 million Zimbabweans are “extremely” poor, e…

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