International Air Transport Association head discusses turbulent times in the industry amidst the COVID-19 pandemic.
South Africa will embark on a major public works and job-creation drive in response to the coronavirus crisis, President Cyril Ramaphosa said on Thursday, unveiling a plan to return Africa’s most industrialised economy to growth.
Zambia moved closer to becoming the first African nation to default on its dollar bonds since the onset of the coronavirus, making it a test case for nations worldwide battling to meet obligations to a range of lenders from bondholders to Chinese state banks.
It’s an inescapable trend for banks: Corporate clients want to be able to have the same convenient ways of banking that they already have access to in their consumer lives. It’s placed pressure on FIs to roll out mobile-friendly banking platforms for the CFOs and corporate treasurers that use their services, and while offering these solutions is itself a challenge, it’s also given rise to additional hurdles.