The Week That Was is a recap of major activities that happened in Africa in the last 7 days. You can view the video here.
The World Food Programme (WFP) estimates that more than 250 million people will suffer from acute hunger by the end of the year as a result of the COVID-19 pandemic.
- The World Health Organization announced that an Ebola outbreak in the western part of the Democratic Republic of the Congo has infected at least 100 people resulting in 43 deaths
- The Ethiopian Premier has announced the redevelopment of 3 tourist sites
- Ethiopia has launched the construction of two solar power projects on a public-private partnership (PPP) basis
- The Kenya Nuclear Electricity Board (KNEB) has announced plans to build a 1 Giga Watt nuclear plant near Kipini in the Tana River county at an estimated cost of $5 billion
- The final design will see a 4 Giga Watt plant developed on a build, operate and transfer (BOT) model and possibly financed on a PPP basis.
- Kenya’s Nuclear Power and Energy Agency will act as the main developer of the project.
- Five government-owned sugar refineries in Kenya will be leased by the Kenya Private Sector Alliance aimed at improving the competitiveness of the country’s sugar sector.
- Kenya has signed agreements with Vietnam’s Hoa Phat Hung Yen Steel Limited to import rolled steel billets.
- The Mozambique government plans to provide 10 million Mozambicans with access to power by 2024.
- The South Sudan Central Bank has run out of foreign exchange reserves as oil revenues have declined.
- Zambia’s central bank has cut its main lending rate to 8.0%
- Zimbabwe’s central bank announced that it will keep its main lending rate at 35%
- The Algerian government has announced that it will allow its private sector to set up banks, air, and sea transport companies for passengers and goods in a bit to reduce government spending
- The two rival governments in Libya has announced a ceasefire with immediate effect across the country
- King Mohammed VI of Morocco said that the country could return to a complete lockdown as COVID-19 cases continue to rise
- Sudan announced a tender to import fuel starting with September supplies and will be financed by the new fund created for the purchase and import of basic commodities
- South African banks have given voluntary relief to the value of $31billion on loans to individuals and companies during the COVID-19 pandemic
- Impala Platinum (Implats) in South Africa announced a 300% increase in annual earnings based on growing metal prices and a weaker currency
- MTN in the Ivory Coast expects revenue in 2020 to increase by up to 10%
- A military coup took place in Mali and the top West African officials met with military leaders to negotiate a return to civilian rule
- The Nigerian government announced earlier in the week that international flights in Nigeria will resume on August 29th
- Despite financial constraints, the Nigerian Ministry of Finance expects the government to spend a record $33 billion during the 2021 financial year
- Senegal’s port authorities announced that it plans to remove 2,700 tons of nitroglycerine. The same chemical that caused the Beirut blast.
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