Tag: economy
Sudan exports 2-ton gold to improve economy
Sudan on Monday exported two tons of gold in a bid to provide foreign currencies for the Central Bank of Sudan and improve the...
Xi voices confidence in China’s economy, pledges wider opening-up
The fundamentals of China's long-term sound economic growth have not changed and will not change, Chinese President Xi Jinping said Wednesday in a reply...
Zimbabweans reject local currency as economy re-dollarizes
As Zimbabwe slowly re-dollarizes, informal businesses in the country are increasingly refusing to accept payment of goods in local currency.
Many traders who still accept...
Highway in northwest China’s dessert drives economy, lifts environment
By Han Liqun
In Taklimakan Desert, the largest desert in China and the world's second largest shifting sand desert located in northwest China's Xinjiang Uygur...
Why Nigeria Can’t Diversify Her Economy
The Buhari administration’s early pronouncement during its first tenure had made many to suppose diversification of the Nigeria economy to be one of the...
Mozambique resumes cabotage service to boost economy
President of Mozambique Filipe Nyusi inaugurated Wednesday in the Port of Maputo the new cabotage service in the country, which now connects the entire...
Namibia trade group says alcohol ban affects economy
Namibia has lost 970 million Namibian dollars (58 million U.S. dollars) as a result of an alcohol ban imposed due to the COVID-19 lockdown,...
Dominion Paints to transform economy of Ho West
A multi-million dollar paint manufacturing company stands ready to add to the economy of the Ho West District in the Volta Region.
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Nigeria’s apex bank chief seeks support to boost economy amid COVID-19
Nigeria's apex bank chief Godwin Emefiele on Tuesday called on industrial conglomerates operating in the country to support efforts aimed at growing the country's...
Education and Economy in the Post Covid-19 Africa
This piece stems from two separate but similar opinion articles. The first titled; Finding a Vaccine Is Only the First Step, No One Will...
South African mineral sector implementing programs to tackle COVID-19
The Minerals Council of South Africa on Wednesday said the industry has adjusted their programs to prevent COVID-19 infection while growing the economy.
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Ghana eases COVID-19 restrictions – Health Minister
Speaking at a bi-weekly media briefing on Thursday, Ghanaian Minister for Health Kwaku Agyemang-Manu said the country could not keep restrictions in place forever...
COVID–19: Injects GHS18b into economy to mitigate losses -TUC to government
The Trades Union Congress (TUC) is asking the government to inject about GHS 18 billion into the various sectors of the economy to help...
Moody’s rating of Egypt’s credit reflects confidence in economy
Keeping Egypt's credit rating at B2 with a stable outlook reflects confidence in Egypt's economy to cope with the COVID-19 crisis, said the country's...
South Sudan’s move to reopen economy sparks discussions
South Sudan could experience spike in the number of COVID-19 infections which may overwhelm its fragile healthcare system in the wake of easing restrictive...
Cabinet retreat on COVID-19 begins
President Nana Addo Dankwa Akufo-Addo and his cabinet have began a three-day retreat to examine the impact and the implications of the Coronavirus...
U.S. states rush to reopen economy, but soaring death toll could be the price
As COVID-19 continues to sweep across the United States with over 1.2 million people infected so far, several states have recently started to reopen...
Zambian official says complete lockdown catastrophe to economy
A Zambian government official has said that a complete lockdown of the country will have catastrophic effects on the economy, local media said Wednesday.
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Australian PM focuses on restarting economy following about 1 million job losses
Prime Minister Scott Morrison has declared that restarting the economy is Australia's next challenge in the fight against coronavirus.
The National Cabinet,...
North Macedonia’s economy projected to contract by 3.4 percent this year
North Macedonia's economy is projected to shrink by 3.4 percent in 2020, with the worst effects due to coronavirus outbreak expected in the second...
Cyprus reopens amid gloom and hope after six-week lockdown
Cyprus kick-started its economy on Monday by allowing 25,000 retail shops and the construction sector to resume operation after a six-week coronavirus lockdown.
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Portugal enters phase one of reopening
Portugal started to revive its economy and society on Monday after nearly 50 days of lockdown under the state of emergency due to the...
South Australia set to jumpstart economy in wake of COVID-19
South Australian Premier Steven Marshall has flagged a "golden" opportunity for economic growth as the state began to ease its coronavirus restrictions.
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Impact of COVID-19 on Ghana’s economy has been dire – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo, lauding Ghanaian workers for their contribution towards national socio-economic advancement over the years, Friday said the impact of...
Nigeria outlines plan for gradual reopening of economy
Nigerian government outlined on Thursday the plan for a gradual reopening of the economy of Africa's most populous nation, following an order from the...
Nigeria’s economic hub to restart economy with phased strategy
Lagos, Nigeria's economic hub and epicenter of COVID-19 will restart its economy in a multi-phase manner after weeks of lockdown for the coronavirus outbreak,...
U.S. Fed officials to discuss relief loan programs amid COVID-19 fallout
U.S. Federal Reserve officials are expected to discuss the central bank's lending programs for businesses and local governments at its policy meeting on Tuesday...
Namibia’s economy expected to contract by 6.9 percent in 2020
Namibia's economy is expected to contract by 6.9 percent in 2020, following a milder contraction of 1.1 percent in 2019, the central bank said...
Rwanda trying to mobilize resources to revive economy from COVID-19 impact
Rwanda is trying to mobilize resources to revive the economy from the impact of the COVID-19 epidemic that has put economic activities in the...
Italy’s “prudent” second-phase quarantine rules balance economy, health
Nearly 50 days after he announced Europe's first peacetime national lockdown to confront the coronavirus, Italian Prime Minister Giuseppe Conte revealed the first major...