African countries face a combined $44 billion debt-servicing bill this year alone. The Africa Private Creditor Working Group (AfricaPCWG) on Friday said it will coordinate the views of over 25 asset managers and financial institutions representing total assets under management in excess of $9 trillion.
Browsing: Covid-19
The announcement comes just days before Burundians go to the polls on May 20 to choose a new president, parliamentarians and local officials.
“We will immediately begin a process of consultation with relevant stakeholders on the proposal that, by the end of May, most of the country should be placed on alert level three,” Ramaphosa said in a televised address.
Credit Rating agency, Fitch, reports that many countries will default on debt payment this year, owing to economic effects of the coronavirus pandemic, the fall in…
The global response to the pandemic has benefited from the work of Ethiopian doctors overseas, including aides to WHO chief Tedros Adhanom Ghebreyesus — who is himself Ethiopian, though not a doctor — and emergency-room physicians in hotspots like New York.
The Bank of Central African States has denied rumours that it is considering a devaluation of the CFA franc currency due to the economic downturn caused…
South Sudan’s Civil Aviation has opened airports across the country and announced the resumption of both domestic and international flights in spite of a rise in…
The International Monetary Fund has raised Kenya’s risk of debt distress to high from moderate due to the impact of the coronavirus crisis, reporting that the…
In a communique, the Ministry of Health and Wellness said that 73,572 COVID-19 tests have been carried out, including 50,077 Rapid Antigen Tests and 23 495 PCR tests (polymerase chain reaction).
Algeria has started producing rapid test kits for the novel coronavirus, with a detection time of 15 minutes and a production capacity of 200,000 units per…