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barrick gold

Sudan exports 2-ton gold to improve economy

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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 Jinping

Xi voices confidence in China’s economy, pledges wider opening-up

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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...
Dollars

Zimbabweans reject local currency as economy re-dollarizes

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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...
A vehicle runs on the Tarim Desert Highway. (People's Daily Online)

Highway in northwest China’s dessert drives economy, lifts environment

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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...
Nigerian Economy

Why Nigeria Can’t Diversify Her Economy

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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...
Mozambican President Nyusi in France

Mozambique resumes cabotage service to boost economy

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President of Mozambique Filipe Nyusi inaugurated Wednesday in the Port of Maputo the new cabotage service in the country, which now connects the entire...
alcohol

Namibia trade group says alcohol ban affects economy

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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

Dominion Paints to transform economy of Ho West

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A multi-million dollar paint manufacturing company stands ready to add to the economy of the Ho West District in the Volta Region. ...
Nigerian Economy

Nigeria’s apex bank chief seeks support to boost economy amid COVID-19

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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

Education and Economy in the Post Covid-19 Africa

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This piece stems from two separate but similar opinion articles. The first titled; Finding a Vaccine Is Only the First Step, No One Will...
Workers at Phoenix Metals Ltd push bags of minerals after weighing them at the plant yesterday. (John Mbanda)

South African mineral sector implementing programs to tackle COVID-19

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The Minerals Council of South Africa on Wednesday said the industry has adjusted their programs to prevent COVID-19 infection while growing the economy. ...
Un Working Closely With Government Of Ghana To Address Covid

Ghana eases COVID-19 restrictions – Health Minister

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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...
Market in Ghana

COVID–19: Injects GHS18b into economy to mitigate losses -TUC to government

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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

Moody’s rating of Egypt’s credit reflects confidence in economy

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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

South Sudan’s move to reopen economy sparks discussions

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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...
Nana Addo

Cabinet retreat on COVID-19 begins

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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...
Donald Trump

U.S. states rush to reopen economy, but soaring death toll could be the price

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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...
Edgar Lungu

Zambian official says complete lockdown catastrophe to economy

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A Zambian government official has said that a complete lockdown of the country will have catastrophic effects on the economy, local media said Wednesday. ...
Australian Prime Minister Scott Morrison (right) and Australia's Chief Medical Officer Brendan Murphy speak to the media about the COVID-19 Coronavirus during a press conference at Parliament House in Canberra, Australia, 18 March 2020. EPA/LUKAS COCH AUSTRALIA AND NEW ZEALAND OUT

Australian PM focuses on restarting economy following about 1 million job losses

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Prime Minister Scott Morrison has declared that restarting the economy is Australia's next challenge in the fight against coronavirus. The National Cabinet,...
economy

North Macedonia’s economy projected to contract by 3.4 percent this year

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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...
Flag of Cyprus

Cyprus reopens amid gloom and hope after six-week lockdown

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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. ...
Lockdown

Portugal enters phase one of reopening

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Portugal started to revive its economy and society on Monday after nearly 50 days of lockdown under the state of emergency due to the...
Tourists are seen at a dock in Sydney, Australia, March 10, 2020. The number of confirmed COVID-19 cases in Australia has reached 100, Federal Health Minister Greg Hunt announced on Tuesday. (Xinhua/Bai Xuefei)

South Australia set to jumpstart economy in wake of COVID-19

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South Australian Premier Steven Marshall has flagged a "golden" opportunity for economic growth as the state began to ease its coronavirus restrictions. ...
President Nana Addo Dankwa Akufo Addo

Impact of COVID-19 on Ghana’s economy has been dire – Akufo-Addo

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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...
Nigerias Economy

Nigeria outlines plan for gradual reopening of economy

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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...
Nigerian Economy

Nigeria’s economic hub to restart economy with phased strategy

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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,...
Photo taken on March 15, 2020 shows the U.S. Federal Reserve building in Washington D.C., the United States. The U.S. Federal Reserve on Sunday cut its benchmark interest rate by a full percentage point to near zero and will increase its bond holdings by at least 700 billion U.S. dollars amid mounting fears over the COVID-19 outbreak. (Xinhua/Liu Jie)

U.S. Fed officials to discuss relief loan programs amid COVID-19 fallout

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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...
banks

Namibia’s economy expected to contract by 6.9 percent in 2020

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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...
Rwandan President Paul Kagame

Rwanda trying to mobilize resources to revive economy from COVID-19 impact

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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...
Pedestrians wearing face masks walk on a street in Rome, Italy, March 10, 2020. Italian Prime Minister Giuseppe Conte announced late Monday that the whole of Italy will be placed under lockdown from Tuesday until April 3. (Xinhua/Cheng Tingting)

Italy’s “prudent” second-phase quarantine rules balance economy, health

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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...