The week that was May 22, 2020

May 25, 2020 | Angola, Burundi, Egypt, Eritrea, Ethiopia, Kenya, Libya, Somalia, South Africa, Tanzania

A brief overview of major events in Africa during the week of May 16 to May 21.

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

North Africa

  • 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.

 West Africa

  • Total has decided not to proceed with the acquisition of Occidental’s assets in Ghana. 

Central Africa

  • Angola’s national air carrier expects to make $270 million in losses as a result of COVID19

 East Africa

  • 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.

Southern Africa

  • South Africa will downgrade the lockdown to grade 3 with schools set to open in the first week of June.

 For more details on the above, get in touch

 

Still have questions?

Our team is ready to help.

Get access to trusted and valuable data to inform your business decisions and open opportunities for growth.