Over 2.5 million people have died, and the confirmed cases are soaring past the 100 million mark. But that hasn’t stopped the wealthiest people on the planet from increasing their wealth during the coronavirus pandemic, a report from Oxfam International indicates. While that in itself is shocking, more grappling to deal with is the fact…
Sudan is set to receive a $330 million bridge loan from Britain to help clear its more than $400 million in arrears to the African Development Bank. According to British Foreign Secretary Dominic Raab, Britain was supportive of the effort and had signed a memorandum of understanding to disburse $40 million to Sudan’s family support…
Zambia’s Ministry of Finance has confirmed it will hold discussions with the International Monetary Fund from February 11 to March 3, to negotiate an extended credit facility. “The programme discussions will centre of the government’s objectives to attain fiscal and debt sustainability,” the ministry said in a statement signed by Secretary to the Treasury Fredson…
South Africa’s Mr. Price posted a 5.8% rise in third-quarter retail sales, supported by COVID-19 relief packages and demand for household items as people worked from home during the health crisis. The clothing and homeware firm said in its results release that total retail sales jumped to $500.5 million for the three months ended December…