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Kenya: Most Nairobians Hit By Lower Income, Job Loss
[Nation] A new study by Tifa Research has revealed that 69 percent of Nairobi residents in low-income areas have recorded reduced earnings due to the coronavirus with another 43 percent having lost their source of income completely.
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Source: allAfrica.com
Sponsored by Concerned Black Men of Massachusetts
Uganda’s $12b budget offers tax waivers, credit access to SMEs
In a bid to get the Ugandan economy moving again after nearly three months of lockdown to curb the spread of coronavirus, the government on June 11 presented a budget offering a host of tax waivers and funding for the business
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Source: The East African
Sponsored by Eastern Bank
Strong May exports signal balance of payments hope
The Central Bank of Kenya (CBK) has struck a bullish tone on Kenya’s balance of payments.
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Source: Business Daily
Majority of PEP students placed at preferred high schools
Eighty per cent of the 39,689 grade-six students exiting the primary-school system have been placed in one of their preferred high schools. 
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Source: Jamaica Gleaner
Sponsored by National Black MBA Association (NBMBAA) Boston Professional Chapter
Children are lagging and COVID-19 harming AIDS care
�WASHINGTON, DC, United States (AP) New numbers on the global AIDS epidemic show some big successes, such as fewer deaths and new infections. But there are also some tragic failures: Only half the children with HIV, the virus that causes the disease, are getting treatment.
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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com
New reality for business leaders in post-Covid era
According to a survey released by Boston Consulting Group (BCG) titled East Africa’s Rebound, workers will have to adapt to the new reality to ensure near-term business continuity in the
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Source: The East African
Sponsored by Eastern Bank
MWANYASI: The market is singing a sad song, put on dancing shoes
Anyone who talks optimistically about the stock market these days has to put up with an army of doom-and gloom-sayers.
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Source: Business Daily
KDIC delays implementation of risk-based system by one year
Kenya has spared small and weaker banks from paying increased premiums to the deposit insurance fund for one year amid Covid-19 pandemic that has adversely affected the cash flow positions of both regional and global
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Source: The East African
Uganda: Sudhir to Meet Sacked Sanyu Employees Over Pay Cut
Property mogul Sudhiru Ruparelia on Wednesday sacked all his staff at Sanyu FM after they unanimously rejected the 25 per cent salary reduction the company subjected them
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Source: allAfrica.com
Uganda: Cabinet Rejects Dead Year, Opts to Buy 10m Radio Sets
Other ministers, however, rejected Mr Kutesa's suggestion and asked Mr Matia Kasaija of Finance to look for funds in the 2020/21 budget for buying radios and TV sets for the 15 million
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Source: allAfrica.com
'A hot mess'
LOS ANGELES, United States (AP) For two weeks, Rachael Jones has stayed home, going without a pay cheque while waiting and waiting for the results of a COVID-19 test from a pharmacy near Philadelphia. I'm just so disappointed. I just don't know how with the resources and the people we have and
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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com
Sponsored by Intellitech
World Bank gives Uganda $300m to fight Covid-19
The World Bank has approved $300 million budget to aid Uganda in fighting the coronavirus
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Source: The East African
Trump shuts door on work and travel students
Thousands of tertiary students hanging on to a thin thread of hope of travelling to the United States in the summer to earn funds to cover tuition and other costs for the upcoming academic year have had those dreams dashed with the Donald Trump...
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Source: Jamaica Gleaner
Billionaire Robert Smith Calls On Corporations To Adopt His 2% ‘Reparative’ Plan For Black People
According to Forbes, Robert F. Smith believes that big banks and major companies should spend the next 10 years investing directly in technology, education, telecom, banking and healthcare infrastructures that support Black
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Source: NewsOne
Uganda: Tax Relief Measures in Response to COVID-19
However, there have been several measures that have been implemented by the Government of Uganda to prevent the spread of Covid-19, leading to a shutdown of many of the economic activities in both domestic and international trade, such as closure of the international airport except for
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Source: allAfrica.com
Sponsored by NSBE Boston
Virus: Insurance premiums fall Sh806m in Q1
Virus: Insurance premiums fall Sh806m in first quarter
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Source: Business Daily
Earth Today | Caribbean professor makes case for efforts to sustain COVID-19 gains
One Caribbean academic has made a push for efforts to sustain the environmental gains, however limited, from the global pandemic, COVID-19. Professor Leonard Nurse, lecturer at The University of the West Indies (UWI), Cave Hill, said those gains...
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Source: Jamaica Gleaner
Absa restructures 26pc of net loans
PHOTO | EVANS HABIL | NMG
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Source: Business Daily
Sponsored by Museum of African American History in Massachusetts
ADVERTORIAL | Designing a resilient business with IT infrastructure beyond COVID-19
Collin Burgess, IT infrastructure manager, MC Systems, stated that the good news is that IT infrastructure is the solution which is keeping everything going, such as business, school and government, parties, and even gym
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Source: Jamaica Gleaner
Sponsored by Center for Critical Race and Digital Studies
Uganda's Fiscal Deficit High, Says World Bank
[Monitor] The World Bank has expressed concerns over Uganda's rising fiscal deficits now standing at 9 per cent of the gross domestic product (GDP) for the fiscal year 2020/2021.
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Source: allAfrica.com
Rwanda: Window Opens for Burundi and Rwanda Relations After Frosty Spell
President Paul Kagame's condolence message to Burundians following the death of the outgoing President Pierre Nkurunziza marked his first public message to the country since relations between Rwanda and Burundi turned sour in
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Source: allAfrica.com
East Africa: Malawi Benefits From Comesa Digital Financial Inclusion Plan
[Nyasa Times] Malawi is among the top five countries in Africa to benefit from the Common Market for Eastern and Southern Africa (Comesa) digital financial inclusion plan.
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Source: allAfrica.com
Sponsored by Greater Boston Veterans Collaborative
70pc of households struggle to pay rent
Nearly 70 per cent of households captured in a State survey had difficulties in paying their rent in May, highlighting the impact of Covid-19 hardships on the property market.
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Source: Business Daily
OUR investigating complaints of high electricity bills
The Office of Utilities Regulation (OUR) has seen a 200 per cent increase in complaints by way of letters, emails, and calls about high light
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Source: Jamaica Gleaner
Sponsored by New York University
Mozambique: Third Person Dies of COVID-19
Maputo — The general director of Mozambique's National Health Institute (INS), Ilesh Jani, announced on Sunday that a third person has died from the Covid-19 respiratory
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Source: allAfrica.com
Nigeria: COVID-19 - Lagos, Abuja Have More Cases Than 34 Other States Combined
The number of coronavirus cases in Lagos and the Federal Capital Territory (FCT) is higher than the combined figure for all the other 34 states in which infections have been recorded in Nigeria, a PREMIUM TIMES review of official data
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Source: allAfrica.com
Microfinance outfits take big COVID-19 hit
The cash-rich microfinance sector has reportedly been hit hard by the economic fallout from COVID-19. Many members are in need of liquidity support to remain viable, said Blossom O’Meally-Nelson, chairman of the Jamaica Association for...
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Source: Jamaica Gleaner
Sponsored by Massachusetts Black Lawyers Association (MBLA)
Comesa pilots digital Rules of Origin system
Burundi, Rwanda and Kenya are among 15 members of the Common Market for Eastern and Southern Africa (Comesa) ready to pilot the Comesa Electronic Certificate of Origin
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Source: The East African
Most small businesses need Sh250, 000 for virus recovery
Forty two percent of firms that have suffered under the coronavirus-induced pandemic require between Sh50,000 and Sh100,000.
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Source: Business Daily
Kenya Targets to Create 1.7m Jobs, Jumpstart Growth With $28b Spend
With an economy battered by coronavirus, locust invasion and floods, Kenya's Finance Cabinet Secretary Ukur Yatani on June 11 tabled a Ksh2.79 trillion ($27.9 billion) budget for the 2020/2021 fiscal year that seeks to revive almost every sector of the economy as quickly as possible and still keep
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Source: allAfrica.com
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