The Cinema Exhibitors Association of Nigeria (CEAN), the country’s premier Film Trade Association Body, has announced good news for cinema lovers on the occasion of the International Cinema Day. Opeyemi Ajayi, the chairman of the Cinema Exhibitors Association of Nigeria (CEAN), said in a statement on Tuesday in Lagos that cinema lovers would enjoy discounted […]
The COVID-19 pandemic and related measures have brought the world’s economy nearly to a total halt. A UN report released on May 12 projects the global economy to contract by 3.2% this year. World trade is forecast to shrink by nearly 15% amid sharply reduced demand and disruptions in global supply chains. The report known […]
African skies could experience increased activity earlier than other continents due to the planned evacuation of people seeking to return home from across the world. This is the view advanced by Tewolde Gebremariam, CEO of Ethiopian Airlines. In an interview with Bloomberg TV he said of the return to operations: “here in Africa we expect […]
Despite the spread of coronavirus pandemic and its negative impact on Nigeria’s economy, electricity losses due to lack of distribution infrastructure have dropped by 34 percent. A compilation of data obtained by Vanguard from the Advisory Power Team, office of Vice President Yemi Osinbajo, indicated that the nation recorded 51,398.4 Megawatts, MW, as losses in […]
The International Monetary Fund, IMF said that Nigeria’s economy will contract by 3.4% in 2020, but rebound with 2.4% growth in 2021. The IMF made this projection in its latest edition of the World Economic Outlook just released at the ongoing Spring Meeting in Washington. The International Monetary Fund (IMF) on Tuesday projected that Nigeria’s […]
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 spread of the pandemic will reduce the rate of change in gross domestic product for this year by 2.6 percentage […]
South Africa has recorded the highest level of infection of Covid-19 in the southern Africa region since its outbreak. Growth is expected to contract by 1.5 percent in the first 3 months, as the virus threatens two of its main sources of income: mining and tourism. The report issued by a subsidiary of the auditing […]
The South African economy shrank by 1.4% in the fourth quarter of 2019, according to recent Gross Domestic Product numbers, released by Statistics SA on Tuesday March 3. This followed a contraction of 0.8% in the third quarter, which means that the economy was in recession for the last half of 2019. South Africa last […]
Talal Abu-Ghazaleh International Organization, said that Egypt’s economy is set to become the sixth strongest in the world by the year 2030, during an interview with Russia Today (RT) on Thursday, February 20. Highlighting a US study, Ghazaleh pointed out that Egypt will follow close behind the globe’s major economies in 2030, such as China, […]