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Burkina Faso: US Ambassador tested positive to coronavirus; cases in Africa jump to 1662

US ambassador to Burkina Faso has tested positive to the Coronavirus and announced the isolation of the mission staff diagnosed with the disease, Anadolu news agency reports. “I received a positive test for COVID-19,” Andrew Young said on Twitter. The West African country has confirmed 99 cases, including 4 members of the cabinet namely education […]

Economic headwinds: foreign debt and inflation cloud Kenya’s presidential polls

As Kenyans head to the polls on August 9, East Africa’s largest economy could be headed for tough times. With the country’s currency having depreciated sharply, Kenya’s Treasury will face difficulty paying back its huge dollar-denominated debt. Kenya is among developing countries facing an economic crisis, according to a recent report released by Moody’s Investors […]

Africa needs to invest $9.3bn to expand oil infrastructure — report

With Africa’s aging mid- and downstream oil products supply infrastructure, the countries on the continent must invest a combined $9.3 billion to expand fuel-transportation infrastructure to avoid supply disruptions as demand grows, according to a new report by energy company Puma Energy and Africa energy consultancy CITAC. The rapidly growing populations and urbanization trends, which […]