Monday, May 10, 2021
South Africa’s seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to its best level in five months helped by an increase in new sales orders, a survey showed on Wednesday. The index, which is compiled by the Bureau for Economic Research and gauges manufacturing activity in Africa’s most industrialised economy,...
The COVID-19 death toll is still mounting in the developed West, but the pandemic’s impact on Africa could be much worse. African and international leaders must act boldly, decisively and immediately to prevent a catastrophe. Many African countries were ill-prepared to tackle the Ebola epidemic that erupted in 2014, and...
Africa is seeing coronavirus cases rapidly increasing and deaths rising, according to the World Health Organization (WHO). We've looked at the situation across the continent, and examined which countries are of most concern. How fast is coronavirus spreading? In terms of overall numbers, Africa currently accounts for only a small proportion...
Many African countries have been praised for waging an effective campaign to combat the spread of coronavirus despite their reputation for having fragile state health systems. The continent, which has a population of more than one billion, has had about 1.5 million cases, according to data compiled by the John...
Inflation in Sudan rose to 55.6 percent in March year-on-year from 54.34 percent in February, the state statistics agency said on Thursday, amid rising food prices that have kindled unrest and a hard currency shortage that has crimped imports. Prices have risen since the pound plummeted to record lows on...
Central banks in some of sub-Saharan Africa’s biggest economies may be more concerned about the impact of a potential third wave of coronavirus infections and a slow rollout of vaccines than quickening inflation, leaving borrowing costs unchanged for now. Monetary policy committees in Ghana, Nigeria, South Africa, Kenya and Angola...
Nigeria to the point where it can realize the full potential of its petroleum resources has been slow going, the country appears to be on the right track On Oct. 1, 1960, everything seemed possible for Nigeria: After nearly 80 years of colonialism under Great Britain, it was finally an...
Africa cannot depend on others to finance education on the continent when it has the wherewithal to do so, President Nana Addo Dankwa Akufo-Addo has said. He said Africa has the resources and capacity to finance access to quality education of its citizens, and also promote the continent’s interests. "If we...
Ivory Coast said last week  it would refuse to validate a U.S.-sponsored report due to be published this month about child labour in its cocoa sector unless the researchers and U.S. government accept changes to the methodology. The report, which is funded by the U.S. Labor Department and scheduled to...
National development, economic growth, infrastructure, industrialisation and manufacturing, share a common denominator; adequate and constant power supply. Such regularity in power supply guarantees that industries that create employment and wealth, run on a twenty-four hour cycle. Despite years of lip service to building up power supply in Nigeria, the capacity...
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