This is a weekly update by ABiQ on major events that took place in the last 7 days in Africa. You can view the video here
- Egypt announced that it will provide $ 6 billion in loan guarantees to businesses.
- In Libya global players expressed a desire to deescalate fighting and work towards a cease-fire.
- Total has decided not to proceed with the acquisition of Occidental’s assets in Ghana.
- Angola’s national air carrier expects to make $270 million in losses as a result of COVID19
- Kenya received more than $1.2 billion in aid from the Word Bank towards fighting COVID19 and locusts.
- President Kenyatta of Kenya also announced a $500 million stimulus package for its battered economy.
- Eritrea has been cleared of COVID19 after its last infected patient was released.
- Burundi held its first elections in 15 years.
- Tanzania has indicated that its parliament will dissolve on June 19th.
- Ethiopia has opened its telecom sector to private investors. Currently there are only the single state-owned telecoms operator.
- Somalia will move forward to hold elections for the first time in 51 years.
- South Africa will downgrade the lockdown to grade 3 with schools set to open in the first week of June.
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