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A shopkeeper sanitizes the hands of a customer at the start of a 21 day nationwide lockdown aimed at limiting the spread of coronavirus disease (COVID-19), in Langa township in Cape Town, South Africa, March 27, 2020. Reuters- Mike Hutchings

South Africa records second virus death as infections jump to 1,280

South Africa’s confirmed cases of the coronavirus increased by 93 to 1,280 people on Sunday and the death toll doubled to two, the Health Ministry said, as the country entered the third day of a national lockdown and officials announced new measures to deal with the economic fallout.
Customers get a haircut ahead of a nationwide 21-day lockdown in an attempt to contain the coronavirus disease (COVID-19) outbreak in Waterfall, South Africa, March 26, 2020. REUTERS-Rogan Ward

South Africa announces tax relief for business hit by virus

South Africa’s National Treasury said on Sunday it was introducing a new tax subsidy of 500 rand ($28) per month for each worker to employers for the next four months to cushion financial losses suffered by firms due to the coronavirus.

South Africa may approach the IMF for “health funding”

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 man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank, IMF urge debt relief for poorer countries hit by coronavirus

The heads of the World Bank and International Monetary Fund on Friday underscored the need to provide debt relief to poorer countries hit by the coronavirus pandemic, and said official bilateral creditors would have to play a major role.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

We have entered recession – IMF chief

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday.
As the COVID-19 pandemic stretches into its second month and shows no signs of slowing, President Donald Trump has pushed to relax the restrictions on travel and movement that are, right now, the best hope for controlling the disease.

Relaxing isolation rules won’t help the economy – economists

As the COVID-19 pandemic stretches into its second month and shows no signs of slowing, President Donald Trump has pushed to relax the restrictions on travel and movement that are, right now, the best hope for controlling the disease.

Tunisia discussing new IMF programme – minister

Tunisia has started negotiations with the International Monetary Fund for a new loan programme, but a plan to issue bonds is on hold because of the coronavirus, the finance minister said on Monday.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

Uganda to seek $190 million from World Bank to cushion coronavirus blow

Uganda will request the World Bank for a loan of $190 million to help cushion its economy from the impact of the coronavirus pandemic, its finance minister said.

IMF advocates monetary stimulus to combat impact of coronavirus

The International Monetary Fund, IMF, has called for broader monetary stimulus as part of fiscal and monetary measures to combat the economic impact of the Coronavirus (COVID-19).
Sudan’s Prime Minister Abdalla Hamdok said Monday his government was working toward bringing peace to war-torn Darfur as he met hundreds of victims of the conflict who demanded swift justice.

Sudan economy in crisis almost year after Omar al-Bashir ouster

Sudan's economy has sunk into a deep crisis since the overthrow of longtime autocrat Omar al-Bashir almost a year ago, risking collapse and social unrest in a country in transition.
Sudan’s Prime Minister Abdalla Hamdok said Monday his government was working toward bringing peace to war-torn Darfur as he met hundreds of victims of the conflict who demanded swift justice.

Sudanese premier survives assassination attempt

Sudan’s prime minister survived an assassination attempt on Monday after a blast in the capital, Khartoum, Sudanese state media said.
The World Health Organisation (WHO) chief, Tedros Ghebreyesus, on Monday arrived in Beijing for talks on the coronavirus outbreak, the WHO office in the Chinese capital confirmed.

WHO: Some countries are indifferent to coronavirus

The World Health Organisation (WHO) have warned that some countries have not taken the COVID-19 epidemic seriously, saying their level of political commitment and actions is not commensurate to the level of the threat faced globally.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC defies coronavirus scare to hold crucial meeting

Oil ministers from the Organisation of Petroleum Exporting Countries (OPEC) on Wednesday defied the global scare of the deadly coronavirus to hold its crucial meeting in Vienna, Austria.
Nigeria has overtaken South Africa as the continent’s largest economy, a report by Bloomberg has shown.

Nigeria overtakes South Africa as Africa’s largest economy

Nigeria’s re-emergence as Africa’s biggest economy followed South Africa’s slump into its second recession in two years, as severe rolling power blackouts frustrate President Cyril Ramaphosa’s attempt to revive growth.
Nigeria overtakes South Africa as Africa’s biggest economy. As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy.

Nigeria becomes Africa’s largest economy, overtakes South Africa

Nigeria’s economic growth beat forecasts in the fourth quarter, helping its economy to expand the most in four years in 2019 as oil output increased and the central bank took steps to boost credit growth. GDP in the West African country stood at $476 billion or $402 billion, depending on the rate used. =

World Bank, IMF promise financial support to countries facing coronavirus challenge

The World Bank and the International Monetary Fund (IMF) have teamed up to offer financial assistance to countries whose economies are threatened by the coronavirus disease.

IMF: Zimbabwe risks ‘deep humanitarian’ crisis

Zimbabwe faces a grim economic outlook this year and is also at risk of an extreme humanitarian crisis, the International Monetary Fund warned Thursday.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

Nigeria’s economy grows by 2.27 percent, surpasses IMF’s projection

Nigeria’s gross domestic product grew by 2.27% in 2019, data released by the National Bureau of Statistics has shown.

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Barcelona have reportedly pinpointed Marcus Rashford and Harry Kane as two potential targets as the club looks to locate a replacement for Luis Suarez next summer.

Marcus Rashford cleared to step up rehabilitation

Manchester United have cleared striker Marcus Rashford to step up his rehabilitation from a back injury that has kept him out of action since January.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Osun police nab fraudster over virus relief scam

Osun State Police Command has arrested a middle-aged man in Osogbo for impersonating the state government to swindle unsuspecting citizens of the state under the guise of providing social relief during the stay-at-home period.
A member of the House of Representatives, Rep. Shehu Koko representing Maiyama-Koko-Besse Federal Constituency of Kebbi State made the plea in a statement made available to journalists on Monday.

Reps member calls for suspension of utility bills

As part of efforts to ameliorate the socio-economic hardship being faced by Nigerians in the fight against the deadly coronavirus, the federal government has been urged to extend her palliative to include suspension of payment of electricity and water bills for the ordinary Nigerians for two months.
YINKA ODUMAKIN

Afenifere: President Buhari should have given Nigerians enough time to prepare for lockdown

Pan Yoruba socio-political organisation, Afenifere, on Monday said President Muhammadu Buhari should have given the residents of Lagos, Ogun and Abuja enough time to prepare before announcing the lockdown of the states.
Food and Agriculture Organization (FAO)

FAO urges countries to keep food chain alive, avoid crisis

The Food and Agriculture Organisation, FAO, Monday, urged governments in countries affected by the coronavirus, COVID-19 pandemic to keep the food chain alive in order to avoid the food crisis.