Exemption

Egypt asks to exempt African countries from paying…

Egypt has called for African countries to be exempt from paying debt interests bilaterally and multilaterally due to the worldwide spread of the novel coronavirus, Permanent Representative to the United Nations Office at Geneva (UNOG)…

Oil production

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 to 1.412 million barrels. Abuja is hoping for a $15 rebound in the price per…

Production

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 up a local gel manufacturing plant in her clinic in Abuja. High demand for sanitary…

Economy

S. Africa’s Economy May Shrink as Much as…

South Africa’s economy could contract by 2% to 4% this year due to the coronavirus pandemic and measures to curb its spread, according to the Reserve Bank. A 21-day nationwide lockdown aimed at slowing the…

Collapse

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 not collapse as suggested through fake claims on the internet, and the shops remain open…

COVID-19 donation

Coronavirus donations hit N15bn in Nigeria

The Central Bank of Nigeria (CBN) on Wednesday said that monetary contributions to its relief fund under the auspices of Private Sector Coalition Against COVID-19 (CACOVID) stood at N15 billion. CBN’s Director of Corporate Communications,…

Ambition

Ambitions of the CEMAC stock exchange

The Central African Stock Exchange wants to accelerate economic diversification of the sub-region following a listing operation on the Central African Stock Exchange. After the merger-absorption of the Douala stock exchange a little more than…

Suspension

Aero Contractors suspend flights over coronavirus

Aero Contractors on Tuesday suspended all their flights for two weeks, beginning from 26 March. The Chief Executive Officer of the airline, Captain Ado Sanusi announced the decision in Lagos Sanusi said the suspension is…

Street vendor

Coronavirus threatens Morocco’s street vendors

As most business owners world wide grapple with the economic effect of the coronavirus, Moroccan casual workers say the virus is threatening workers in the country’s , without contracts and without social protection. The situation…