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Namibia’s economy contracts by 11.1 percent in second quarter

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Namibia's domestic economy contracted by 11.1 percent in the second quarter this year compared to a decline of 3.6 percent recorded in the...
Asian Stocks

British stocks down 0.71 percent Friday

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British stocks decreased on Friday, with the benchmark FTSE 100 Index down by 0.71 percent, or 42.87 points, to close at 6,007.05 points. ...
Photo taken on April 29, 2020 shows the U.S. Federal Reserve building in Washington D.C., the United States. The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero, as the COVID-19 fallout continues to ripple through the country. (Xinhua/Liu Jie)

German shares lose 0.70 percent Friday

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German shares lost on Friday, with the benchmark DAX index down 91.87 points, or 0.70 percent, to close at 13,116.25 points. Automotive...
petroleum revenue

Uganda forecasts 6 percent economic growth in next fiscal year

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Uganda's Finance Minister Matia Kasaija said here Thursday the country's economy will grow 6 percent in fiscal year (FY) 2021/22, which started on July...
Covid-19

UNECA says intra-Africa exports decline by 17 percent in April due to COVID-19

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The United Nations Economic Commission for Africa (UNECA) on Friday said that the level of intra-Africa exports declined by 17 percent in April...
Kenyan Coat of arms

Kenya government says 2020 economic growth to drop to 2.6 percent

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Kenya's economic growth is expected to drop to 2.6 percent in 2020, down from the previous year's 5.4 percent, mainly due to COVID-19,...
inflation

German inflation rate stagnates at 0.0 percent in August

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The inflation rate in Germany stood at 0.0 percent in August and "remained at a low level," the Federal Statistical Office (Destatis) announced on...

Bank of Canada continues keeping interest rate at 0.25 percent

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The Bank of Canada announced Wednesday to continue keeping its key interest rate target at 0.25 percent. The central bank said in...
Medical workers treat a COVID-19 patient at the coronavirus unit in Mayanei Hayeshua Medical Center, Bnei Brak, April 13, 2020. (Nati Shohat/Flash90)

Africa’s confirmed COVID-19 cases surpass 1.27 million

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The Africa Centers for Disease Control and Prevention (Africa CDC) on Friday disclosed that the number of confirmed COVID-19 cases across the African continent...
Trading Hall

German shares gain 0.84 percent at start of trading on Thursday

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German stocks were off to a good start on Thursday, with the benchmark DAX index rising 111.29 points, or 0.84 percent, opening at 13,354.72...
An electronic screen shows the trading data at the New York Stock Exchange in New York, the United States, on Jan. 27, 2020. U.S. stocks ended significantly lower on Monday. The Dow fell 1.57 percent to 28,535.80, the S&P 500 decreased 1.57 percent to 3,243.63, and the Nasdaq dropped 1.89 percent to 9,139.31. (Xinhua/Wang Ying)

German shares gain 0.75 percent at start of trading on Wednesday

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German stocks were off to a good start on Wednesday, with the benchmark DAX index rising 97.41 points, or 0.75 percent, opening at 13,071.66...
A member of Palestinian medical team is seen at an emergency center for monitoring, screening and preventive health care education about COVID-19, which was recently established by the Palestinian Ministry of Health, in the West Bank city of Nablus, March 9, 2020. Palestine on Monday reported six new cases of coronavirus, bringing the total number of the infected Palestinians to 25. (Photo by Ayman Nobani/Xinhua)

Foreign tourist arrivals to Spain slump 75 percent year-on-year in July

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Spain registered a 75-percent year-on-year (YoY) drop in the number of foreign tourist arrivals in July, the country's Statistical Office (INE) said on...
vaccine

Survey shows 74 percent respondents want COVID-19 vaccine

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An opinion poll by Ipsos for the World Economic Forum shows about three quarters of the respondents in the world would like to...
Tedros Adhanom Ghebreyesus, director-general of the World Health Organization (WHO), speaks at a press conference after the WHO emergency committee's meeting on the novel coronavirus in China at its headquarters in Geneva, Switzerland, Jan. 22, 2020. (Xinhua/Liu Qu)

90 percent of countries experience disruption to health services – WHO survey

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Latest survey conducted by the World Health Organization (WHO) among over 100 countries showed that 90 percent of the countries have experienced disruption to...
Covid-19

COVID-19 exposure rate at 3.79 percent in Mozambican capital – survey

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The level of exposure of the community to the novel coronavirus in Mozambique's capital Maputo is 3.79 percent, according to the results of the...
Africa Center for Disease Control and Prevention (Africa CDC)

Africa CDC says 5 African countries account for 72 percent of COVID-19 cases in...

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The Africa Centers for Disease Control and Prevention (Africa CDC) said on Thursday disclosed five African countries account for 72 percent of all COVID-19...
UK car production

UK car production drops 20.8 percent in July as uncertainty remains

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British car production continued to drop in July as factories struggled to ramp up output and global demand recovered slowly, the Society of...
Kenya President Uhuru Kenyatta with First Lady Margaret at Swearing In on November 28, 2017

Kenyan president says economy grows 4.6 percent in first half despite COVID-19

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Kenyan President Uhuru Kenyatta said on Wednesday the economy has grown by 4.6 percent in the first half of this year compared to 5.5...
“Proponents of the New Paradigm in Africa have a new milestone to celebrate, with the opening of a new segment of the Mombasa-Kisumu Standard Gauge Rail (SGR) line in Kenya. On October 16, Kenyan President Uhuru Kenyatta led a celebration to open Segment 2A, a 120 kilometer (75 mile) extension from the capital (and current terminus) of Nairobi, to Naivasha, a large town northwest of the capital. Opening of this—admittedly rather short—segment nonetheless brings the SGR project one step closer to its planned destination: Kampala, the capital city of neighboring, landlocked Uganda.”

Kenya’s financial inclusion hits 83 percent – report

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The national access to financial inclusion in Kenya has hit 82.9 percent, an improvement from 26.7 percent in a decade, a new report released...
inflation

Ghana’s inflation in January slows to 7.8 percent on stable local currency

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The year-on-year inflation rate in Ghana slowed to 7.8 percent in January, compared with the 7.9 percent recorded last December, with the Ghana Statistical...
inflation

Producer inflation stays flat at 7.1 percent for April in Ghana

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Producer Inflation which measures the average rate of change over a given period, in prices of goods and services at the producer’s...
producer-inflation

Ghana: 2018 Inflation ended at 9.4 percent

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The year-on-year inflation rate ended December 2018 at 9.4 per cent, up 0.1 percentage point from the 9.3 per cent recorded in November 2018,...
inflation

Namibia’s inflation marginally increases to 3.6 percent in April

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Namibia's consumer inflation increased slightly to 3.6 percent year-on-year in April, up from 3.5 percent in the previous month, data from the Namibia Statistics...

Ghana Registered 3.7 Percent GDP Growth

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Ghana’s gross domestic product (GDP) grew by 3.7 per cent in 2016, a decline from the 3.8 per cent rate in 2015, thus continuing...
The German Stock Index (DAX) display is highlighted in red at the stock exchange in Frankfurt, Germany, Thursday, Aug. 16, 2007. Global stock markets tumbled again Thursday, battered by persistent worries about U.S. housing loan problems and their possible damage to the global economy. (AP Photo/Bernd Kammerer)

German shares gain 0.32 percent Wednesday

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German stocks rose on Wednesday, with the benchmark DAX index up 40.97 points, or 0.32 percent, to close at 12,805.95 points. Deutsche...

British stocks down 0.35 percent Wednesday

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British stocks decreased on Wednesday, with the benchmark FTSE 100 Index down by 0.35 percent, or 26.04 points, to close at 7,474.40 points. ...

Verizon Communications Registers a Fall in Quarterly Profit

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Verizon Communications Inc (VZ.N), the No. 1 U.S. wireless carrier, reported a 20 percent fall in quarterly profit as it lost wireless postpaid subscribers...

Ghana’s PPI Down to 3.1 Percent in January 2017

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The Producer Price Inflation for January 2017 recorded 3.1 percent.This rate is 1.7 percent lower than the rate recorded in December 2016 which was...

GRTCC Debunks 15% Increment in Transport Fares

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The Ghana Road Transport Coordinating Council (GRTCC) has dismissed reports that transport fares have been increased by 15 percent effective today .The council explains...

British PM says Trump ‘100 percent’ behind NATO

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U.S. President Donald Trump and British Prime Minister Theresa May hold a joint press conference at the White House in Washington D.C., the United...