IMF calls for cautious reopening of Africa
As African countries commence the re-opening of their economies, the International Monetary Fund (IMF) has counselled them to do so cautiously because the pandemic is...
Tag : Economies
Cyril Ramaphosa calls for end to sanctions against Zimbabwe, Sudan to help fight coronavirus
President Cyril Ramaphosa has again called for the economic bans against Zimbabwe and Sudan to be lifted as the continent grapples with Covid-19 and its...
Report: Over 300,000 may die of coronavirus in Africa if action is delayed
Without adequate protection, over 300,000 Africans could lose their lives to Coronavirus (COVID-19) due to the continent’s struggling economies, a report by the Economic Commission...
ADB announces $20 billion virus rescue package
The Asian Development Bank said Monday it will roll out a massive $20 billion package to help developing member nations weather the economic fallout from...
African Union appoints special envoys to mobilise international economic support for continental fight against coronavirus
The Chairperson of the African Union, President of the Republic of South Africa His Excellency Cyril Ramaphosa has appointed Dr Ngozi Okonjo-Iweala, Dr Donald Kaberuka,...
World Bank: Sub-Saharan Africa to fall into recession in 2020
The rapidly-spreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years, the World Bank said...
EU to help Africa, others fight coronavirus with €15 billion
The European Union is set to give 15 billion euros’ (16.3 billion dollars’) worth of support to Africa and other regions of the world for...
Coronavirus: 20 million jobs under threat in Africa – AU
About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink this year due to the impact of the...