Economy

KHARTOUM (Reuters) - Sudan declared an economic state of emergency on Thursday after its currency fell sharply in recent weeks due to “systematic vandalism,” officials said. The transitional government, in charge of the country since the ouster of Omar al-Bashir last year, will set up...

By Duncan Miriri NAIROBI (Reuters) - Kenya’s economy is expected to grow by less than 2.5% this year, the finance minister said on Friday, as more evidence of the economic damage caused by the health crisis emerges. The projected growth rate will be a slide from...

By Vuyani Ndaba JOHANNESBURG (Reuters) - South Africa’s Reserve Bank will pause in easing its repo rate next week and cut it by a quarter of a percent to 3.25% in November to cushion a deep pandemic-driven economic contraction before inflation resurfaces, a Reuters poll...

By Boureima Balima NIAMEY (Reuters) - Nigerien student Hachimou Abdou has had to catch a boat to classes since river water swamped his route to university in the capital Niamey - one of about 760,000 people hit by severe flooding in recent weeks in parts...

By Itohan Abara-Laserian Lagos, Sept. 10, 2020 Some African farmers have highlighted the negative impact the COVID-19 pandemic has had on the continent’s food system supply chain. The farmers said the pandemic disrupted access to inputs, technologies, labourers and traders/aggregators. They made the submission at the...

Johannesburg, Sept. 8, 2020 (dpa/Naija247news) The COVID-19 pandemic has seen South Africa’s economy contract by 51 per cent, its biggest slump in decades, according to the national statistics office ‘Stats SA’ for the second quarter of 2020. “South Africa’s economy suffered a significant contraction during...

By Temitope Ponle Abuja, Sept. 7, 2020 The African Development Bank (AfDB) says its partnership with African Green Revolution Forum (AGRF) is to promote policies aimed at ensuring food security in the continent. Mrs Wambui Gichuri, AfDB’s Acting Vice President for Agriculture, Human and Social...

Immediate action can prevent disaster in Botswana, Namibia, Zambia, and Zimbabwe ROME, Italy, September 7, 2020/ -- Outbreaks of African Migratory Locust (AML) are threatening the food security and livelihoods of millions of people in Botswana, Namibia, Zambia and Zimbabwe, the Food and Agriculture Organization...

Cairo, Sept. 6, 2020 (Xinhua/Naija247news) Egypt has announced the discovery of a collection of more than 13 intact sealed coffins, dating back to 2,500 years ago. The coffins were found at an archaeological site in Saqqara necropolis in Giza, said the Egyptian Ministry of Tourism...

Addis Ababa, Sept. 6, 2020 (Xinhua/Naija247news) The Africa Centres for Disease Control and Prevention (Africa CDC), on Sunday, said the number of coronavirus positive cases has risen to 1,291,724 in the continent. Africa CDC also said that the death toll from the ongoing COVID-19 pandemic...