Artificial intelligence will affect up to 40% of jobs worldwide, the International Monetary Fund (IMF) has warned. This could rise to 60% of roles in advanced economies like the UK – but it is believed that, in half of these cases, AI will benefit the workforce. In a new report, the IMF warned that AI’s […] The post Artificial intelligence
Zambia is set to receive 1.6 million doses of cholera vaccines on Monday as the country suffers one of its worst outbreaks. More than 350 deaths and 9,000 infections have been recorded since the outbreak started in October last year. The vaccines have been secured by Zambia’s government in collaboration with the World Health Organization […] The post Zambia to receive
Access Bank Plc has announced the completion of its acquisition of African Banking Corporation Zambia Limited, trading as Atlas Mara Zambia (Atlas Mara), after obtaining all requisite regulatory approvals. Atlas Mara is now a wholly-owned subsidiary of Access Bank Zambia. Following this regulatory milestone, the two banks will continue to operate separately until all integration […] The post
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First National Bank has announced the launch of a special campaign to reward customers ahead of the Total Energies CAF Africa Cup of Nations Cote d’Ivoire 2023 tournament. The bank is proud to unite with football enthusiasts in celebrating the spirit of sportsmanship, and encourages fans to support the national team from now till February […] The post
…safeguards financial system integrity Old Mutual Ghana, a leading insurance company, has paid a courtesy call on Ghana’s Financial Intelligence Centre (FIC) to reinforce their commitment to ensuring the integrity of Ghana’s financial system. The visit’s purpose was, among other things, to address key issues regarding Old Mutual’s collaboration with the FIC and shed light […] The post
Fiscal space, in its simplest form, is the capacity of governments to adjust their revenue and expenditure policies to overcome economic shocks and foster growth. It is a precarious balance between short-term responsiveness and long-term prudence. It is essential to realise that fiscal space is not an abstract concept. It is tangible and can be created through […] The post
US Defense Secretary Lloyd Austin was released from Walter Reed National Military Medical Center on Monday, according to the Pentagon, two weeks after he was admitted for complications following prostate cancer surgery. Austin will work remotely “for a period of time” before returning to the Pentagon, the Pentagon statement said. He has “full access” to […] The post US
The U.N. Assistant Secretary-General for the Middle East, Asia, and the Pacific, Khaled Khiari, has warned against the escalation in the Red Sea following the US and UK airstrikes on Yemen. He has called on the Security Council to prevent the escalation of conflict in the Middle East as Yemen’s Houthis vowed fierce retaliation for […] The post UN
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The government has announced that it has reached an agreement with its Official Creditors in restoring debt sustainability in line with the International Monetary Fund (IMF) programme targets. The government is seeking to secure the 2nd tranche of the IMF bailout after securing the 1st tranche in 2023. The government embarked on a Domestic Debt […] The post IMF
Over the last 15 years, one of the major developments that has revolutionized and disrupted the entire financial sector in Ghana is the emergence of Mobile Money Services (MoMo). Though MTN launched its Mobile Financial Services (MFS) in 2009, many Ghanaians were yet to warm up to it as a safe mode of payment in […] The post Navigating
Airline regulators will not be rushed into clearing grounded Boeing 737 Max 9 planes after a mid-air blowout, the US government has said. The aircraft, which were suspended in the US following an incident on an Alaska Airlines flight “need to be 100% safe”, said Transportation Secretary Pete Buttigieg. It is unclear when the planes […] The post US official says Boeing
A state of emergency has been declared in Papua New Guinea’s capital after at least 15 people were killed in rioting. More than 1,000 troops are on standby “to step in wherever necessary”, Prime Minister James Marape said on Thursday. Shops and cars were torched and supermarkets looted after police went on strike on Wednesday […] The post Papua
More than 5.6 million doses of COVID-19 vaccines bought on loan by the Ugandan government have expired, an audit report has said. The vaccines are valued at 28.1bn Ugandan shillings ($7.3m; £5.8m) and were purchased using a World Bank loan. Authorities say the expired vaccines will be withdrawn from health facilities and destroyed. In the […] The post Uganda to destroy expired
Liberia’s former Chief Justice Gloria Musu Scott and three of her family members have been sentenced to life imprisonment for murder. The four were arrested and indicted in June last year in connection with the death of Charlotte Musu, who was reportedly Ms Scott’s niece. In February last year, Charlotte was murdered by unknown people […] The post Liberia’s
Zambia expects to receive one million cholera vaccine doses from the World Health Organisation amid an outbreak that has killed 249 people since last October. Roma Chilengi, the health adviser to President Hakainde Hichilema, said the doses will be deployed to the most at risk regions and are due to arrive by Saturday. “But we […] The post Zambia to receive cholera
Rishi Sunak is facing a significant rebellion from Tory MPs over legislation to revive his plan to send some asylum seekers to Rwanda. Over 30 backbenchers on the right of the party are backing plans to change the bill next week to make it harder for people to appeal deportation. The amendments underline the scale […] The post Rishi Sunak facing major Tory revolt over Rwanda
We are in a world where by the click of button, money is transferred from one jurisdiction to the other with ease. The emergence of digital payment platforms and money remittance services (Fintech) has changed the way we interact with money on daily basis. Technology has contributed to this effective and efficient way of doing […] The post Micro
Africa50 Group, the pan-African infrastructure investment platform, has announced the successful first close of the Africa50 Infrastructure Acceleration Fund (Africa50 – IAF) on December 29th, 2023, securing $222.5 million in commitments. In an African first, Africa50-IAF secured participation from 16 African institutional investors, including sovereign wealth funds, pension funds, social security funds, insurance companies, banks, […] The post Africa50
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