Business

IMF debt relief for 19 African countries

Six months of debt relief has been granted to 25 countries considered the poorest in the world by the International…

April 17, 2020

Informal business relief isn’t reaching the height – Eddie Rakabe

Recent concessions made by government to relax informal trading restrictions, amid a growing risk of coronavirus infection, highlights the precarious…

April 16, 2020

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

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