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Just over 3 million people have so far been tested for the virus in South Africa, which confirmed its first case five months ago, and 8,153 deaths have been recorded. Africa has recorded 934,558 cases, 19,752 deaths and 585,567 recoveries, according to a Reuters tally.
South Africa’s central bank has temporarily prohibited the use of debt issued by the Land Bank as collateral after the state agricultural lender was downgraded deeper into junk status and missed $2.7 billion in loan repayments.
The Africa Centre for Disease Control and Prevention (Africa CDC) has said that there are now 60,657 confirmed cases of coronavirus (COVID-19) in 53 countries across Africa.
South Africa’s central bank (SARB) said on Friday it would reduce overnight repo auctions to one per day from the two it has held since early March to inject liquidity into the banking system amid the coronavirus pandemic.
According to data obtained from the World Health Organisation, no fewer than 4,012 people have tested positive for COVID-19 in Ghana.
South African Airways has announced that it will continue to honour its flight obligations to cargo and evacuation flight customers all through this month.
The Africa Centre for Disease Control (Africa CDC) has said that the number of Coronavirus (COVID-19) cases in Africa has risen to over 54,027 in the past 24 hours in 53 countries across the continent.
The United Nations on Thursday more than tripled its appeal to help vulnerable countries combat the spread and destabilising effects of the coronavirus pandemic, asking for $6.7bn to help 63 nations, mainly in Africa and Latin America.
Gross reserves also increased, to $53.003 in April from $52.458 billion previously. The forward position, representing the central bank’s unsettled or swap transactions, decreased to a balance of $592 million in April after a positive balance of $631 million previously.
Up to 190,000 people in Africa could die of coronavirus in the first year of the pandemic if containment measures fail, the World Health Organisation warned on Thursday.
International Labour Organisation, ILO, has said the COVID-19 lockdown and containment measures across the globe will increase poverty levels among the world’s informal economy workers by 56 percent in low-income countries.
Mr Stephen Karingi, Director, Regional Trade and Integration, United Nations Economic Commission for Africa (UNECA), says African economy will lose 65 billion dollars if there is a full lockdown of the continent due to COVID-19.
South Africa will soon start developing a plan for a new 2,500 megawatt (MW) nuclear power plant, the energy ministry told lawmakers on Thursday.
African nations are facing a surge of COVID-19 cases with less than one intensive care bed and one ventilator per 100,000 people, a Reuters survey has found.
A recent report analysis by Britain’s Office for National Statistics (ONS) claimed that residents in the United Kingdom (UK) from black heritage are more than four times likely to die from COVID-19 if infected.
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.
The expansion of South Africa’s auto industry is central to the government’s economic development strategy but the coronavirus crisis has forced carmakers into survival mode and could push ambitious growth plans out of reach.
Suspended Acting Chairman of Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has kicked against secret trial and his exclusion from many sessions where many adversarial witnesses were invited by the Judicial Commission of Inquiry to testify against him by the Justice Ayo Salami-led panel.
According to the Evening Standard, Manchester United could turn their attention to Donny van de Beek rather than pay over the odds for Jack Grealish.
Ex-Deputy Governor of the Central Bank of Nigeria (CBN), Obadiah Mailafia, has insisted that a Northern Governor is Boko Haram’s leader.
Arsene Wenger is so synonymous with Arsenal that it would be strange to see him take over at another club, but it sounds like he’s turned down the chance to take over at Barcelona.
The Association of Resident Doctors (ARD), University of Ilorin Teaching Hospital (UITH) Chapter, on Wednesday suspended its three days warning strike over assault on its members.
The Rechtbank Gelderland High Court in Arnhem, Holland has found former Nigeria coach, Johannes Bonfrere, guilty of defamation in a case brought before it by, yet another former Nigeria coach, Clemens Westerhof.
Former president, Goodluck Jonathan, returned to Mali on Monday to continue his mediation towards resolving the country’s socio-political crisis.
An Ekiti State High Court, Ado Ekiti Division, on Thursday sentenced a 25 years old herdsman, Mohamodu Haruna, to death by hanging for killing a fellow herder, one Mohamadu Usman.
The police in Ekiti State has banned the celebration of the 2020 Ogun Onire Festival in Ire Ekiti, Oye Local Government Area of the state after two persons were killed during a violent crisis over the traditional event.
The California State Athletic Commission, who are licensing the bout, previously told Sky Sports, “The (CSAC) is licensing the Mike Tyson vs Roy Jones Jr match scheduled to take place in Los Angeles as an eight-round exhibition match.