30 C
Lagos, South Africa and New York
Monday, September 21, 2020

Ebola outbreak in western DR Congo hits 100 cases

GOMA, Democratic Republic of Congo (Reuters) - The Ebola outbreak in western Democratic Republic of Congo has infected 100 people as of Friday, killing 43 of them, the World Health Organization said. The latest outbreak of the virus was declared on June 1 in Mbandaka,...

Zimbabwe’s industry minister laments negative effect of COVID-19 on tourism, trade

Harare, Aug. 21, 2020 (Xinhua/Naija247news) Zimbabwe’s Minister of Industry and Commerce Sekai Nzenza on Friday bemoaned the impact of the coronavirus (COVID-19) pandemic on the country’s trade and tourism. The minister said this while addressing a virtual annual general meeting of the Zimbabwe International Trade...

ECOWAS Trade Scheme: Nigeria accounts for more than 60% of products – Amb. Dada

By Nana Musa/ Lizzy Okoji Abuja, Aug. 20, 2020 Minister of State for Foreign Affairs Amb. Zubairu Dada says Nigeria accounts for more than 60 per cent of products under the ECOWAS Trade Liberalisation Scheme (ETLS). He also said the country also had no...

Africa beginning to “bend the curve” of coronavirus – Africa CDC

By Elias Biryabarema, George Obulutsa KAMPALA/NAIROBI (Reuters) - Africa is beginning to slowly “bend the curve” of COVID-19 infections as measures like mask-wearing and social distancing slow down the spread of the pandemic on the continent, the Africa Centres for Disease Control and Prevention said...

Zambia central bank cuts main lending rate by 125 bps to 8.0%

LUSAKA (Reuters) - Zambia’s central bank cut its benchmark lending rate by 125 basis points to 8.0% to safeguard financial sector stability and protect livelihoods in the wake of the COVID-19 pandemic, it said in a statement on Wednesday. The bank added that inflation was...

Don calls on African leaders to strive toward creating industrial economy

By Taiye Olayemi Lagos, Aug.18, 2020 A university lecturer, Prof. Sati Fwatshak, has called on African leaders to strive toward creating an industrial economy to improve African image and contributions to global development. Fwatshak, Dean, Faculty of Arts, University of Jos in Plateau, made the call...

Nigeria-India trade relations thrived amid COVID-19 – Envoy

By Lizzy Okoji Abuja, Aug. 15, 2020 Mr Abhay Thakur, Indian High Commissioner to Nigeria has said that unlike many sectors which was hit by the COVID-19 pandemic, trade levels between Nigeria and India continued to remain strong, steady and even grew. Thakur disclosed this...

South Africa’s manufacturing output falls 16.3% year on year in June

JOHANNESBURG - South Africa’s manufacturing output fell 16.3% year on year in June after contracting by 32.4% in May, the statistics agency said on Tuesday. Factory production however was up 16.8% in June month on month, but declined 30.2% in the three months to the...

Ghana’s inflation spikes 11.4% in July

ACCRA - Ghana’s consumer price inflation rose to 11.4% year-on-year in July from 11.2% the previous month, driven by higher food and transport prices, the West African nation’s statistics office said on Wednesday. Ghana’s inflation has risen in recent months above the central bank’s...

S.Africa’s economic woes bigger than monetary policy -cenbank governor

JOHANNESBURG (Reuters) - Formally adding unemployment or economic growth to the South African central bank’s mandate would risk policy mistakes and hurting its credibility, Governor Lesetja Kganyago said on Wednesday. The Reserve Bank (SARB) has long been under pressure to take more drastic measures to...
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