Kenya central bank leaves rates unchanged, says past measures are being helpful
Kenya’s central bank kept its benchmark lending rate at 7.0% on Wednesday, as expected, judging that
Nigeria’s economy expands 1.87% year-on-year in Q1
Nigeria’s economy grew 1.87% in the first three months of 2020 from a year earlier, the statistics
Makhanda small businesses feel the pinch of the lockdown as business dries up
It is no secret that the lockdown has negatively affected businesses and the economy as a whole
World Bank approves $1 billion funding for Kenya budget support
The World Bank has approved a $1 billion loan for Kenya to help it close a gaping budget deficit and
Reserve Bank expected to cut repo rate
The Reserve Bank is largely expected to cut the repo rate again this week. The Monetary Policy
South Africans must brace themselves for a longer period of co-existing with COVID-19: Ramaphosa
President Cyril Ramaphosa says South Africans must be prepared for a new reality in which the fight
Africa’s economy could recover from COVID-19 in 2022
Africa’s economy could only start recovering from the impact of Coronavirus in 2022. This is
Economists predict SA’s economy could go into depression
Some economists have predicted that the South African economy could go into a depression if the
Coronavirus lockdown pushes South African PMI to record low in April
South African private sector activity fell to a new record low in April, a business survey showed on
Nigeria amending 2020 budget assuming oil at $20 per barrel – finance minister
Nigeria’s government is amending its 2020 budget to assume an oil price of $20 per barrel, Finance
COVID-19 has ruined SA’s economy: President Ramaphosa
President Cyril Ramaphosa says the COVID-19 epidemic has ruined South Africa’s economy. Ramaphosa
Zimbabwe pleads with foreign lenders to prevent coronavirus “catastrophe”
Zimbabwe is headed for a health and economic catastrophe from the coronavirus pandemic because its
Forty percent of Nigerians live in poverty – stats office
Forty percent of people in Nigeria live in poverty, figures published by the statistics office on
Western Cape to propose amendment of regulations for opening of economic sectors
The Western Cape government says it will make proposals and submissions in the coming week to amend
US economy contracts 4% in first quarter
The United States commerce department says the world’s largest economy contracted by 4% in the first
Tunisia to partially reopen economy from next week
Tunisia will start relaxing its coronavirus lockdown next week, reopening parts of the food and
More than 1.5 million workers expected to return to work when Level 4 kicks in
More than 1.5 million workers are expected to head back to work early next month.
Kenya’s economic growth slowed to 5.4% in 2019: Finance minister
Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown
Bank of Namibia expects economy to contract by record 6.9% in 2020
The Bank of Namibia expects the domestic economy to contract by a record 6.9% this year, owing to
Mboweni to table new budget to reallocate funds for COVID-19
Finance Minister Tito Mboweni says COVID-19 expenditure has changed the fiscal framework and he will