Posted in Business Market

Experts: ECOWAS Decision to Close Borders with Mali Will Hurt Regional Trade, Stability

Members of the Economic Community of West African States, or ECOWAS, shut down all their land and air borders with Mali on Wednesday after its president announced his resignation following a military mutiny. ECOWAS said in a statement that it will als…

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Posted in Business Market

UN Makes $1.6 Billion Appeal for Sudan

United Nations officials in Sudan have sent out an urgent appeal for $1.6 billion to provide life-saving assistance to citizens, including hundreds of thousands of people affected by floods. Recent flooding caused by heavy rain has affected 17 of Sud…

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Posted in Market

African Countries Should Reopen Economies Gradually, Once Data Shows It’s Safe, Experts Say

The World Health Organization, the Africa Centers for Disease Control and Prevention, and the World Economic Forum have issued guidelines for African countries looking to…

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Posted in Market

Experts: African Economies Need Massive Support to Weather Coronavirus

A number of African economies are among the world’s fastest growing in recent years. However, analysts fear COVID-19, which was slow to arrive on the…

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Posted in Business Market

Economists Say Coronavirus Will Slam African Economies

ADDIS ABABA – As the coronavirus spreads across Africa, countries are taking stronger measures to curb its spread. The restrictions may contain the virus, but will likely have a deep impact on the continent’s economies. With several African governme…

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Posted in Business Market

China’s Exports Slump as Anti-virus Controls Close Factories

BEIJING – China’s exports fell by double digits in January and February as anti-virus controls closed factories, while imports sank by a smaller margin.Exports tumbled 17.2% from a year earlier to $292.4 billion, a sharp reverse from December’s 7.8% ri…

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Posted in Business Market

China’s Exports Slump as Anti-virus Controls Close Factories

BEIJING – China’s exports fell by double digits in January and February as anti-virus controls closed factories, while imports sank by a smaller margin.Exports tumbled 17.2% from a year earlier to $292.4 billion, a sharp reverse from December’s 7.8% ri…

Read More China’s Exports Slump as Anti-virus Controls Close Factories
Posted in Business Market

Canadian Prime Minister Justin Trudeau meets African leaders to advance conflict resolution and economic security

Canada’s Prime Minister Justin Trudeau convened a meeting for African heads of state, foreign ministers and representatives of the United Nations and other multilateral bodies on Monday to discuss ways to secure peace across the continent as a necessar…

Read More Canadian Prime Minister Justin Trudeau meets African leaders to advance conflict resolution and economic security