Nigeria’s currency is expected to come under pressure on the black market this week, with Uganda’s seen firming and Kenya and Zambia’s holding stable.
NIGERIA
Nigeria’s naira is seen weakening on the black market as dollar shortages at official sources cause investors and importers to channel demand to the parallel...
Morgan Stanley slapped a buy call on emerging markets sovereign debt on Monday, citing cheap valuations, the prospect of significant policy support, and the fact that sell-offs in recent months have created a space for investors to move into.
The US investment bank said EM (emerging market) sovereign credit spreads...
Celebrating the popular beverage important to farmers, development and culture
In a world of cultural differences, is there one thing that can bind everyone together? Well, we all need to eat, and drink too. In fact, interestingly enough, the drink most often chosen around the world after water is tea....
Germany might be known for its proud culture of technological innovation, but it's not uncommon for newcomers and tourists to be caught out at cafes and small businesses that only take cash.
Although online and mobile payment systems such as Apple Pay have made inroads in recent years, for many...
Stark warnings about the COVID-19 shock’s potentially devastating effects on emerging markets (EMs) have become ubiquitous. With the pandemic engulfing ever more countries, EMs face a mass exit by foreign investors seeking safe assets. As a result, capital outflows and currency depreciations have become unprecedentedly synchronized.
A first round of...
A new weather forecasting system in Africa allows meteorologists to track approaching storms in real time, potentially saving lives from climate-related disasters, scientists said on Monday.
The technology is already used in developed countries but was not available until recently in most of sub-Saharan Africa, according to scientists behind the...
US president Donald Trump continued his funding threats to the World Health Organization, WHO; with a May 18 letter that threatened outright withdrawal of the US from the organization.
The four-paged letter addressed to the WHO Director-General, Tedros Adhanom Ghebreyesus said that the body had 30-days to undertake needed reforms. “I will make my temporary freeze of United States funding...
…unprecedented crisis could push up to 60million into extreme poverty
The World Bank Group has announced its emergency operations to fight COVID-19 (coronavirus) have reached 100 developing countries – home to 70 percent of the world’s population.
Since March, the Bank Group has rapidly delivered record levels of support in order to help countries...
As the COVID-19 pandemic takes a toll on African health systems and their economies, African governments are staking a claim for debt relief or outright cancellation of debts owed to China and the west.
Ghana’s Finance Minister, Ken Ofori-Atta, and the South African Finance Minister, Tito Mboweni, have been leading...
As the novel COVID-19 pandemic continues to ravage economies, its full toll on agriculture is yet to be reckoned more fully. The restrictions on movement and the limited social interactions will strain livelihoods and the agricultural supply chain as access to inputs and extension support services by the already vulnerable...