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Tag : GDP

African News

Kenya’s budget deficit likely to swell – finance minister

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Kenya’s budget deficit for this financial year could increase due to revenue shortfalls and coronavirus-related disruptions, the finance minister said on Tuesday. Ukur Yatani, who...
Business Finance

Nigerian government seeks bankers’ partnership to ravamp economy

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The Federal Government is seeking the partnership of the banking sector in its efforts to revamp the ailing economy occasioned by the outbreak of the...
Health Tech

NCC remits N362.34 billion into Nigerian government’s consolidate revenue fund in five years – official

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Fix Africa News Magazine The Nigerian Communications Commission (NCC), remitted N362.34 billion into the Federal Government Consolidate Revenue Fund (CRF), from 2015 to date, Prof....
African News

Chad’s former minister arrested for losing $31 million during negotiations

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Chad’s former oil minister was in custody on Thursday following his arrest for allegedly stealing public funds, the police and his lawyer said. Djerassem Le...
African News

Ivory Coast president sees growth slowing to 1.8% in 2020

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Ivory Coast’s economic growth is expected to slow to 1.8% in 2020 from a projected 7.2% due to the impact of the coronavirus pandemic, President...
Tech

NBS: ICT sector contributes 17.83% to nation’s economy

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The National Bureau of Statistics (NBS), on Monday released Nigeria’s Gross Domestic Product (GDP), report for in the second quarter of 2020 (Q2 2020), showing...
African News

Algeria economy rocked by one-two punch of coronavirus crisis

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Currency depreciation, inflation, negative growth, businesses closed: Algeria’s economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues. And...
African News Finance

Morocco to reform state bodies in virus response – ministry

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Morocco plans to reform, merge or dissolve some state bodies to reduce their dependency on a state budget hit by the coronavirus pandemic, the finance...
African News Health

AfDB Group supports Ghana’s coronavirus response plan with $69 million grant

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The Board of Directors of the African Development Fund (ADF) on Friday approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19...
Business Finance

DBN: Credit Gurantee a tool for increased access to finance for MSMEs

InterNewsCast
File Photo Current realities in Nigeria including the Covid19 Pandemic has brought to light the urgent need for additional support in alleviating the financial constraints...