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Africa
IMF Urges African Countries To Remain Committed To AfCFTA
The Managing Director, International Monetary Fund (IMF) Mrs. Kristalina Georgieva has advised Africa not…
Rwanda Uses Drones To Help Catch Lockdown Transgressors
Tech-savvy Rwanda is using drones to keep residents of the capital Kigali informed of coronavirus lockdown measures…
Covid 19 Lockdown: Food, Liquor Stores Looted In South Africa
South Africans attacked police officers on the streets of Cape Town on Tuesday as the effects of a Coronavirus…
Coronavirus Will Likely Kill 300,000 African – UN Agency
The COVID-19 pandemic will likely kill at least 300,000 Africans and risks pushing 29 million into extreme poverty,…
Africa May Rebound In 2021 But Coronavirus Impact To Endure – IMF
Africa is expected to reverse an economic contraction linked to fallout from the COVID-19 pandemic next year,…
How The Spread Of Coronavirus Is Testing Africa
Africa has passed the grim milestone of 10,000 reported cases of coronavirus, along with more than 500 deaths,…
African Union Boss Condemns Trump For Cutting WHO Funding
The chairperson of the African Union commission, Moussa Faki, has condemned US President Donald Trump's decision to…
African Countries That Faced Ebola Use Lessons To Fight Coronavirus
African countries previously hit by deadly Ebola outbreaks are using the lessons they learned to fight the …
Coronavirus: A Million Face Masks Distributed Across Africa
A first delivery of medical supplies from the World Health Organization (WHO) has left a new regional distribution…
IMF Grants Debt Relief For 19 African Nations
The International Monetary Fund has approved immediate debt service relief for 19 African countries for an initial…
African Economies Hard Hit By Coronavirus Pandemic
Sub-Saharan Africa has not been as badly hit by the coronavirus pandemic as some other parts of the world, but the…
Coronavirus: Ethiopia Prohibits Company Layoffs Under State of Emergency
Ethiopia prohibited companies from laying off workers and terminating employment in measures introduced as part of…
IMF Grants Tunisia $745m Loan To Combat Coronavirus
The International Monetary Fund on Friday announced the approval of a 745-million-dollar loan to help Tunisia cope…
South Africa Extends Lockdown By Two Weeks To Tackle Virus
Struggle against coronavirus is far from over, Ramaphosa says. Country has 1,934 confirmed infections, most in…
Ghana Virus Battle ‘Modestly Successful’ On Testing Progress
Ghanaian President Nana Akufo-Addo said the country is making progress to contain the spread of the coronavirus…
Coronavirus Can Still Be Contained in Most of Africa, WHO Says
Much of the African continent still has a chance to contain the coronavirus pandemic, according to the World Health…
Coronavirus: Africa Set For First Recession In 25 Years
The Sub-Saharan Africa region will see economic growth reverse and plunge to between -2.1% to as low as -5.1% this…
KFC Tells S.African Landlords It Won’t Pay Rents During Lockdown
KFC-owner Yum! Brands Inc. has told landlords in South Africa that the U.S. firm won’t be paying rent while outlets…
S. Africa’s Economy May Shrink By As Much As 4%, Reserve Bank Says
South Africa’s economy could contract by 2% to 4% this year due to the coronavirus pandemic and measures to curb…
Uganda Slashes Interest Rate To Record Low Of 8% As Coronavirus Bites
Uganda’s central bank cut its policy rate by 100 basis points on Monday to 8% to support the economy which has…
African Countries Seek Debt Relief From World Bank
The ministers of finance from African countries have called for debt relief from bilateral, multilateral and…
Coronavirus: African Economies May Take Three Years To Recover
It may take three years for African economies to recover from the slowdown brought by the Covid-19 pandemic,…
Coronavirus: Half of All Jobs in Africa Are At Risk
Africa may be two to three weeks away from the height of a coronavirus outbreak, but its impact is already wreaking…
Wives Rejoice And Traders Despair As Coronavirus Halts ‘Khat’ Supply…
Before the coronavirus hit, Muna Nur Farah had started to hate her husband. He’d slink into their home in the…
Standard Bank Withdraws Guidance Over COVID-19
Standard Bank on Tuesday withdrew its financial guidance citing uncertainty caused by the coronavirus (COVID-19)…
South Africa’s Rand Hits Record Low As Moody Downgrades The Country’s…
The South African rand plunged to a record low after Moody’s downgraded the government’s debt before recovering…
South Africa May Approach IMF Over Virus Impact
South Africa may approach the International Monetary Fund for the first time ever to help with funding to deal…
Africa: $100 Billion Needed. A Fraction Promised
Governments across sub-Saharan Africa have closed borders, canceled flights and told citizens to stay indoors to…
After More Than 25 Years South Africa Is Now Junk With Moody’s Too
South Africa has lost its Moody’s Investment Services investment-grade credit rating more than 25 years after it…
Zimbabwe Returns To Use Of Foreign Currency As Own Currency Crashes
Zimbabwe’s government, which banned use of the dollar nine months ago, has restored the peg its currency had to the…