165 trucks carrying about 40,000 litres of fuel each, are reportedly stuck on roadsides around the country with a total capacity of 6,6 million litres of fuel that was ordered ... Read more »
A number of rating agencies have downgraded emerging market economies during the COVID-19 pandemic. This is not the first time ratings agencies have adopted a procyclical approach ... Read more »
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When France imposed a total lockdown on March 17, illegal African workers were suddenly jobless and unable to claim benefits. Their ordeal which lasted a month will now be ... Read more »
The International Monetary Fund has approved Nigeria's request for U.S.$3.4 billion in emergency financial assistance under the fund's Rapid Financing Instrument to support the ... Read more »
President Yoweri Museveni has signed the Sugar Act 2020 as the country ponders selling off its surplus sugar to Tanzania, with the first consignment of 20,000 metric tonnes ... Read more »
The International Monetary Fund has predicted that the global economy will contract by 3% in 2020, making the "great lockdown the worst recession since the Great Depression, and ... Read more »
Boko Haram has created an economy based on careful control of the international trade on smoked fish as well as red pepper in Lake Chad, writes Ahmad Salkida for Premium ... Read more »
The AfCFTA, widely touted as an economic saviour, was signed and ratified in record time and was due to come into effect on July 1, 2020. The kickoff will probably be postponed ... Read more »
The British firm has said it is transferring its assets for the Lake Albert Development project and the proposed East African Crude Oil Pipeline System to Total Uganda at U.S.$575 ... Read more »
Tens of thousands of jobs are increasingly in danger in flower exporting East African countries like Kenya and Ethiopia. Flower exports add about U.S.$1 billion annually to the ... Read more »
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