Business

Surprise Rate Cut Buoys Pound South African Rand (GBP/ZAR) Exchange Rate

The Pound Sterling South African Rand (GBP/ZAR) exchange rate rallied by 0.8% this afternoon, leaving the pairing trading at around…

April 15, 2020

Business:The economy of Nigeria will contract by 3.4% in 2020 — IMF

The International Monetary Fund, IMF said that Nigeria’s economy will contract by 3.4% in 2020, but rebound with 2.4% growth…

April 14, 2020

Egypt asks to exempt African countries from paying debt interests

Egypt has called for African countries to be exempt from paying debt interests bilaterally and multilaterally due to the worldwide…

April 12, 2020

Nigeria to cut oil production

Nigeria will cut its oil production by 1.9 million barrels per day. This will reduce its daily crude oil production…

April 10, 2020

Ethiopia to Press Ahead With Africa’s Biggest Hydropower Dam

Ethiopia’s government vowed to continue work on a massive dam that’s stoked tensions with Egypt, even as the Horn of…

April 10, 2020

Nigeria’s booming hydroalcoholic gel business

Nigeria’s hydroalcoholic gel business booms amid the COVID-19 pandemic. In this edition, we speak with Dr. Stephanie Sodangi, who set…

April 9, 2020

Zimbabwe: Simbisa Brands Fires Contract Workers As COVID-19 Lockdown Takes Toll

Zimbabwe's leading fast foods outlet Simbisa Brands has fired its contract workers in an attempt to cut costs as the…

April 8, 2020

S. Africa’s Economy May Shrink as Much as 4%, Central Bank Says

South Africa’s economy could contract by 2% to 4% this year due to the coronavirus pandemic and measures to curb…

April 6, 2020

Fitch downgrades South Africa’s credit rating to ‘junk’ status

Ratings agency Fitch downgraded South Africa’s credit rating further into “junk” territory on Friday, another blow for Africa’s most industrialised…

April 4, 2020

Calabar Mall didn’t collapse – Management

The management of the Calabar Mall and SPAR has debunked claimed that the mall collapsed. “The Calabar Mall building did…

April 3, 2020

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