South Africa’s Covid-19 and junk status conundrum
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South Africa’s Covid-19 and junk status conundrum

When it rains it pours, in describing South Africa’s current socio-economic predicament, never has a phrase been more apt. In fact, it’s not only pouring, but Africa’s most industrialised economy runs the risk of being swept away by a tsunami that will take years to recover from. The Covid-19 crisis coupled with a credit ratings…

When Covid-19 and OPEC Price War strikes Africa’s Oil & Gas Sector
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When Covid-19 and OPEC Price War strikes Africa’s Oil & Gas Sector

The immediate effect of Covid-19 for the sector has been on the demand for crude oil, and on its prices African governments set to see decline in revenues; Exploration projects put on hold; Thousands of local jobs at risk if nothing is done. While the short-term effects of Covid-19 on world economies are already being…

Equatorial   Guinea Grants Relief to Oil & Gas Services Companies
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Equatorial Guinea Grants Relief to Oil & Gas Services Companies

The country takes action to support its services industry and engages on an industry-wide dialogue to study other measures for upstream operators and ongoing midstream projects MALABO, Equatorial Guinea, March 23, 2020/ — The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea decided on the waiving of its fees for services…

African central Banks forced to become innovative.
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African central Banks forced to become innovative.

As the world grapples with the fallout of Coronavirus and how to best manage the public health pandemic, eyes now turn to Central Banks and how they can help in containing the economic effects of the virus. Global central banks such as the US Federal Reserve, the European Central Bank, Chinese Central Bank among others…

NBA Launches Global “NBA Together” Campaign.
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NBA Launches Global “NBA Together” Campaign.

While the coronavirus pandemic has suspended the 2019-20 NBA season, it has not lessened the league’s global impact and reach. Over the past week, 18 NBA and WNBA players created public service announcement videos to share important health and wellness information about ways to reduce the spread of the coronavirus. Those videos have generated more…

African Airlines amass losses due to the Coronavirus pandemic.
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African Airlines amass losses due to the Coronavirus pandemic.

African Airlines have so far lost $40m since February due to Coronavirus. The International Air Transport Association (IATA) has warned that airlines globally stand to lose $29.3bn of revenue this year due to the coronavirus outbreak, of this Africa has so far lost $400m since February due to Coronavirus outbreak. The losses have come from…

IATA requests government Aid for airlines
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IATA requests government Aid for airlines

The international air transport association (IATA) is appealing to governments in Africa to provide emergency support to airlines because air transport they say supports 6.2 million jobs. The aviation sector has been badly hit by the coronavirus pandemic leaving many airlines fighting for survival. Besides flight cancellations by passengers; several countries have imposed a complete…

WTO Preaches Open Trade
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WTO Preaches Open Trade

January 18, 2019 The World Trade Organization (WTO), the International Monetary Fund, World Bank have called for greater trade integration in a bid to revive the multilateral trading system and keep pace with the volatile global economy. In a joint report titled “Reinvigorating Trade and Inclusive Growth” published by the last week, the trio stressed…

COVID-19 Rattles Johannesburg Stock Exchange.
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COVID-19 Rattles Johannesburg Stock Exchange.

In a state of the nation address to the nation, on 13th February 2020, President Cyril Ramaphosa delivered a candid and brutally honest message to the South African public. Echoing through the halls of the parliament in Cape Town, the nation knew covid-19 was in the nation but the President’s tone on the day gave…