The African Development Bank (AfDB) Group has announced 10 billion dollars COVID-19 Response Facility to assist regional member countries to fight the pandemic. The bank’s Communication and External Relations Department made this known in a statement on Wednesday. The bank noted that the facility was the latest measure taken by it to respond to the pandemic and would be the institution’s primary channel for its efforts to address the crisis. The AfDB said the fund would...

About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink this year due to the impact of the coronavirus pandemic, according to an African Union (AU) study. So far, Africa accounts for just a fraction of total cases of the disease which has infected more than one million people worldwide, according to a Reuters tally. But African economies are already facing an impending global economic downturn, plummeting oil and commodity prices and...