Oil slumped on Monday, extending last week's losses, as new coronavirus infections hit China, Japan and the United States' increasing concerns that a resurgence of the virus could weigh on the recovery of fuel demand.
Brent crude futures fell $1.32, or 3.4percent, to US$37.41 a barrel by 0716 GMT, while...
On a cold winter’s night in July 2016, thousands of people gathered inside and outside Rotten Row Magistrates’ Court in Harare to await the verdict in the Zimbabwean government’s case against Pastor Evan Mawarire, the leader of the #ThisFlag movement and a staunch opponent of then-President Robert Mugabe. When...
The massive macro-financial shock caused by the pandemic continues to ravage the global economy and has put both banks and borrowers under severe strain. Supervisors find themselves confronted with unprecedented challenges which call for decisive action to ensure that banking systems support the real economy while preserving financial stability....
The burgeoning demand for digital financial services in Africa has brought about an unparallel increase in the size of the population with access to formal financial services on the continent – in Egypt, home of the biggest banking sector in North Africa and also the banking powerhouse of the...
The COVID-19 crisis is inflicting the most pain on those who are already most vulnerable. This calamity could lead to a significant rise in income inequality. And it could jeopardize development gains, from educational attainment to poverty reduction. New estimates suggest that up to 100 million people worldwide could...
When Khimbini Hlongwane spent most of his small safari tour company's savings on the deposit for a new minibus in February, it seemed like a safe bet.
His revenues had doubled in the previous year. And bookings by American, British, and Brazilian tourists hoping to catch a glimpse of elephants,...
Senegal has rejected licensing requests for 52 new industrial fishing vessels, after Senegalese small-scale fishers and industrial shipowners raised the alarm. On World Ocean’s Day, June 8, the Minister of Fisheries rejected the requests, in a victory for sustainable fisheries. Attention is now on a similar case in Ghana,...
George Floyd tested positive for COVID-19.
What has that got to do with his death? Absolutely nothing! If your brother had asthma, and someone intentionally introduced smoke into his room, and he died, you would be very upset if the system said “well he had asthma, so nothing to see...
Ivory Coast farmers say leaving crop to rot
Cashew prices at unprofitable lows, some farmers say
Africa raw cashew exports to fall 30% - industry body
Buying picks up in Ghana, output on track to reach target
Olivier Gore-Bi took out loans to ready his 12-acre cashew farm in...
Kenya’s currency is expected to trade on the back foot against the U.S. dollar as Uganda’s firms and those of Nigeria, Tanzania and Zambia hold steady.
KENYA
The Kenyan shilling is seen under pressure this week from oil importers and some multinational companies buying dollars to meet their monthly obligations,...