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Uganda’s central bank has introduced a new lending window for commercial banks that might encounter short-term liquidity challenges, it said on Tuesday, unveiling another tool to complement its main monetary policy instrument.
The World Bank is unlikely to approve a much-needed $1.5 billion for Nigeria in August as planned due to concerns over desired reforms, three sources familiar with the talks told Reuters.
Militants stormed a high-end seaside hotel in Mogadishu on Sunday, killing at least seven people and wounding more than 20 as they detonated a car bomb then opened fire with assault rifles in the latest attack in the Somali capital.
Swiss sports shoe maker On, partly owned by tennis champion Roger Federer, is in the early stages of preparing for a stock exchange listing in summer or autumn of next year, newspaper NZZ am Sonntag reported.
African countries have lost almost $55 billion in travel and tourism revenues in three months due to the coronavirus pandemic, the African Union (AU) commissioner for infrastructure and energy said on Thursday.
The World Health Organization said on Tuesday that some treatments appear to be limiting the severity or length of the COVID-19 disease and that it was focusing on learning more about four or five of the most promising ones.
South African private sector activity fell to a new record low in April, a business survey showed on Wednesday, as company closures due to a nationwide coronavirus lockdown led to a collapse in demand.
Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown in the agricultural, manufacturing and construction sectors, finance minister Ukur Yatani said on Tuesday.
Nigeria’s state oil company has delayed publishing its future oil export plans as it negotiates with local companies and international majors on who will rein in output in line with an production cut deal by top producers, trading sources said.
South Africa’s central bank cut lending rates to record lows on Tuesday following an unscheduled meeting of its policy committee in response to the economic turmoil wrought by the coronavirus outbreak.
South Africa may approach the International Monetary Fund and World Bank for funding to fight the coronavirus that threatens to drag the country’s economy deeper into recession, Finance Minister Tito Mboweni said in the Sunday Times newspaper.
A senior Egyptian military official died on Monday from coronavirus, state newspaper Al-Ahram said, a day after state media announced the death of another senior military official.
Troops of the Nigerian Army and the policemen have taken over the Oyigbo Local Government Area in Rivers State following fresh mob attacks in the area.
The League of Veteran Journalists, Oyo State Chapter, has condemned the burning down and destruction of media houses in Lagos, by fifth columnists that infiltrated the ranks of the #EndSars protesters.
The police in Lagos, on Friday, warned that the burning of several police stations across the state will lead to retrogression and a waste of money that could have been deployed to other projects.
Real Madrid manager Zinedine Zidane could be sacked by the club if results do not improve over their next two fixtures, according to French publication L’Equipe.
Chelsea goalkeeper Edouard Mendy admits he almost quit the game after being released by French Third Division Cherbourg.
The Presidential Task Force (PTF) on COVID-19 has predicted a spike in the COVID-19 pandemic outbreak in Nigeria in the next two weeks.
The leaders of the #EndSARS protesters along the Lagos-Ibadan Expressway have said they will lift the blockage along the expressway for vehicles to be able to move into Lagos by 2pm (today).
The State Commissioner of Police, Isaac Akinmoyede, made this known to newsmen in Owerri.
#EndSARS: President Buhari urges protesters to resist temptation of being used by subversive elements
President Muhammadu Buhari has again appealed to #EndSARS protesters to resist the temptation of being used by some subversive elements to cause chaos with the aim of truncating the nation’s nascent democracy.
Nigerian sportsmen and women have condemned the killings of #EndSARS protesters at the Lekki tollgate in Lagos.