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 last week Thursday. Although the spread of the COVID-19 outbreak was slow in...
Southern Africa’s economic output will shrink by as much as 6.6% this year due to the impact of the coronavirus pandemic, the African Development Bank (AfDB) has said. The bank’s best-case scenario sees output growth at -4.9% with a 6.6% contraction forecast under its worst-case scenario. That is against its...
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...
South Africa will allow most economic sectors including mining and manufacturing to fully resume operations from today as the country further eases coronavirus lockdown regulations, the government said last week Thursday. Africa’s most industrialized economy has been largely shut since a nationwide lockdown began in late March. South Africa has...
On the occasion of Namibia's Independence Day, the Ghana-Namibia Friendship Association has released a statement to commemorate the day and foster partnership between both countries in areas of tourism and business. A statement signed by former High Commissioner of Ghana to Namibia and Chairman of the association, Harruna Attah, welcomed the "resumption...
A passenger train has caught fire in South Africa after colliding with a truck, killing at least 14 people and injuring 268, rescue workers say. Some of the bodies are "burnt beyond recognition", Free State Health Department spokesman Mondli Mvambi told South African news site Times Live. Video footage showed a...
Zimbabwe's President Robert Mugabe has resigned, parliament speaker Jacob Mudenda has said. A letter from Mr Mugabe said that the decision was voluntary and that he had made it to allow a smooth transfer of power, the Reuters news agency reports. The surprise announcement halted an impeachment hearing that had begun...
The Angolan Ambassador to Ghana, Admiral Augusto Da Silva Cuhna has said his country and Ghana are currently in talks to revitalise bilateral relations to encompass more areas of interest for both countries. “There will be renegotiation of the general agreement on economic, scientific, technical and cultural cooperation and political...
“It is expected to be granted in the second quarter of 2018,” Lindiwe Mekwe, acting CEO of the Petroleum Agency of SA, told Reuters. France’s Total stopped drilling off South Africa’s southern coast in 2014 after experiencing mechanical problems with its rig in rough sea conditions. It operates Block 11B/12B, where...