WTO members made history yesterday when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General.
History is made: Ngozi Okonjo-Iweala chosen as Director-General
When she takes office on 1 March, Dr Okonjo-Iweala will become the first woman and the first African to be...
More than US$500m to address the COVID-19 pandemic
IFC, a member of the World Bank Group, committed US$5.6billion to private sector development in the Middle East and sub-Saharan Africa in fiscal year 2020, supporting businesses across the two regions to launch, grow, provide jobs and fight impacts of the...
Algeria has temporarily banned the import of 900 products including cell phones, household appliances and vegetables in a bid to cut a ballooning import bill following a fall in energy earnings, according to an official document seen by Reuters.
The OPEC member has been trying to cut spending since crude...
Zambia’s annual inflation rate quickened to 7.4 percent in April from 7.1 percent a month earlier, official data showed on Thursday.
On a month-on-month basis, the rate slowed to 0.6 percent in April compared with 1.3 percent in March, data from the Central Statistical Office showed.
“The increase in the annual...
We are still near the start of 2018, and already it feels like tension and disorder will be the year’s defining characteristics. From anti-immigration policies in the United States to flaring geopolitical hotspots in the Middle East and East Asia, disruption, upheaval, and uncertainty seem to be the order...
The West African regional bloc ECOWAS is backing Nigeria's candidate to head the World Trade Organization (WTO) and calls on other African countries to follow, a document showed on Monday, in a possible step towards uniting Africa behind her.
"The ECOWAS authority of heads of state and government...calls on other...
There have been significant advancements in the sports betting industry. Technological innovations have been behind the enormous growth of sports betting. The changes have played a considerable role in enhancing the user experience on online betting sites like Betway and other sportsbooks. In this article, we will get to understand...
The election of South African Deputy President Cyril Ramaphosa as the new leader of ruling African National Congress (ANC) opens up tentative prospects of a policy shift and rise in business confidence, ratings agency Moody’s said on Tuesday.
Moody’s lead sovereign analyst for South Africa, Zuzana Brixiova, said that in...
Africa already in recession before pandemic
Bad debts could hit 10% as coronavirus knocks economy - BASA
That would mark highest ever level, over the 6% seen in 2009
Banks expected to have sufficient capital to handle hit
South Africa’s bad debts could hit 10% of bank lending this...