economic crisis

Zimbabwe's government on Saturday imposed a national lockdown with immediate effect, following a surge in Covid-19 cases, creating a major problem for most citizens who rely on the informal employment sector.

The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 2020.

World Trade Organization members removed three candidates from the race to be the next Director-General of the body.

The Securities and Exchange Commission (SEC) has held a webinar to educate investors in the Nigerian capital market in understanding the rudiments of investing in difficult times.

Zimbabwe's government has accused the head of a Catholic bishops congress of stoking division and seeking to create a "genocide" after the group spoke out against alleged rights abuses and economic woes this week.

The Senate Committee on Banking, Insurance and Other Financial Institutions, has pledged to support the Nigerian Deposits Insurance Corporations (NDIC) to carry out its functions more effectively.

Senator Uba Sani has described the retreat held by Senate Committee on Banking, Insurance and Other Financial Institutions with the Nigeria Deposit Insurance Corporation (NDIC) in Kaduna as a huge success.

A senior leader of the outlawed Muslim Brotherhood died Thursday in an Egyptian prison where he was serving multiple sentences including on terror-related charges, his lawyer said.

Lebanon’s government was teetering Monday as two ministers’ resignations over the deadly Beirut port explosion threatened to snowball and protesters’ fury on the scarred streets showed no sign of abating.

A Beirut judge has ordered the detention of the director of Beirut judge customs and a port director, after the massive blast which ripped through the capital city’s port.

Lebanon mourned on Thursday the victims of the most powerful blast to hit a country that has already been struck down by an economic crisis, as rescuers searched for those missing since the explosion flattened Beirut port and devastated the city.

Democratic presidential candidate Joe Biden has promised to soon reveal his running mate.

Australia says its budget deficit will be 85.8 billion Australian dollars (AD) ($61.2 billion) in 2019-20 and AD 184.5 billion in 2020-21. This marks the biggest deficit since World War II, due to the economic fallout from the coronavirus pandemic.

One person was killed and several others injured during largely peaceful demonstrations in Sudan on Tuesday, a government spokesman said, as tens of thousands of people took to the streets demanding faster reform and greater civilian rule in the country’s transition towards democracy.

The Leadership Entrepreneurship and Advocacy (LEAD) Network, an NGO, has urged government at all levels to prioritise mental health care because of the adverse COVID-19 psychological effect on the citizenry.

The novel coronavirus pandemic is still accelerating and its effects will be felt for decades, the World Health Organisation’s director-general told an online conference on Monday.

Hundreds of demonstrators angered by a deepening economic crisis rallied Saturday across Lebanon for a third consecutive day, after violent overnight riots sparked condemnation from the political elite.

A Filipina domestic worker has committed suicide in Lebanon at a shelter run by her embassy, consular officials said Sunday, days after a rights group complained about accommodation at the shelter.

Vice President Yemi Osinbajo, says the Federal Government has setup palliatives to assist Micro Small and Medium Enterprises(MSMEs) survive the economic fallout of the COVID-19 pandemic.

Easing coronavirus restrictions and reopening the economy too quickly could lead to a “vicious cycle” of economic crisis and health disasters, Mike Ryan, executive director, World Health Organisation (WHO) emergencies program, has said.

Akwa Ibom State Government may have become the first state in Nigeria to pay the April salary of all its workers despite the global economic and health crisis.

The Ekiti State Governor, Kayode Fayemi, on Tuesday, briefed Buhari on the limitations of the distribution of palliatives to vulnerable persons to curb the economic impact of the coronavirus.