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...
Ghana’s annual consumer price inflation jumped to 10.6% in April from 7.8% in the previous month. Higher food prices drove this in areas affected by government-ordered...
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...
Algeria has lost a major European market as Spain now buys its gas from the US due to a drop in oil and gas prices from...
Administrators trying save South African Airways – SAA say they will appeal a court ruling that ordered them to stop a planned layoff process. State-owned SAA...
As many countries relax lockdown restrictions, commercial activities are picking up as they battle the negative economic implications of the COVID-19 pandemic. Following a Cabinet meeting...
Nigerians will be buying fuel at cheaper rates again. The Nigerian National Petroleum Corporation or NNPC has announced a 17.94 % reduction in the ‘ex-depot’ price...
Plans for a new 2,500 megawatt (MW) nuclear power plant is in the works in South Africa, according to the country’s energy ministry’s briefing on Thursday....
Egypt’s foreign reserves dropped by a further $3.07 billion in April as investors pulled cash from emerging markets. The country’s central bank says this has put...
South Africa’s net foreign reserves has risen to $45.470 Billion in April from $44.774 Billion in March, according to Reserve Bank data showed on Friday. Gross...
