South African authorities have reversed plans to close the country’s ports for all but essential cargo after concerns were raised over the potential damage to trade flows, as the mining industry continues to grapple with the effects of Covid-19. A three-week lockdown has been in place in South Africa since
Business
African Union and African private sector launch COVID-19 Response Fund
Ahead of an expected surge in cases of COVID-19 in Africa, the African Union and the Africa Centres for Disease Control and Prevention (Africa CDC) have launched a public-private partnership with the AfroChampions Initiative, known as the Africa COVID-19 Response Fund. The partnership aims to raise an initial US$ 150
S.Africa sets aside $64 mln for small-scale farmers amid lockdown
JOHANNESBURG, April 6 (Reuters) – South Africa is to set aside 1.2 billion rand ($64 million) to help small-scale farmers in a bid to support food production amid a nationwide lockdown to curb the spread of the coronavirus. The country, which has the highest number of cases in sub-Saharan Africa,
Visa Foundation Commits $210 Million to Support Small and Micro Businesses and Immediate COVID-19 Emergency Relief
SAN FRANCISCO (April 6, 2020) – The Visa Foundation today announced a commitment of two programs totalling $210 million to support small and micro businesses, aligning with the Foundation’s long-term focus on women’s economic advancement and inclusive economic development, and to address an urgent need from local communities following the spread
Opinion: The pandemic is no time for fiscal distancing
Editor’s Note: Akinwumi Adesina is the President of the African Development Bank. He was formerly Nigeria’s Minister of Agriculture and Rural Development and and is the 2017 World Food Prize laureate. The views expressed are solely those of the author. (CNN)These are very difficult days, as the world faces one of its worst
A variety of policies to support micro and small businesses hit by COVID-19
Small businesses around the world are facing challenging economic conditions under the COVID-19 pandemic. The shutdown of large parts of the world economy has caused a simultaneous and massive shock to supply (for example, availability of workers or of inputs) and to demand (consumption and investment). Specifically, micro, small and
Coronavirus pandemic: Egypt exempts three legume crops from exports ban
EGYPT – Egypt has exempted green beans, peas and peanuts from the decree banning legumes exports for three months to fulfil local demand in light of the coronavirus pandemic. Minister of Industry and Trade, Nevine Gamea stated that there is currently increasing demand of food, medical equipment and products and that







