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 reopen their economies after weeks of lockdown due to the coronavirus.  Health authorities are concerned …

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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 continent, will end that.

The U.N. Economic Commission for Africa (ECA) estimates the coronavirus has …

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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 governments closing …

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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% …

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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% …

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 necessary condition …

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Posted in Business Market

Rapid Urban Growth in Africa Poses Challenges

PARIS - Africa is projected to have the fastest population growth in the world over the next 30 years, and the majority of this growth will take place in urban areas. This transition is profoundly transforming the continent.

African urbanization …

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Posted in Business Market

Report: Africa Delivers Largest Profits on Investment

LONDON - British companies have made bigger profits investing in Africa than in any other region of the world, according to a new report from the Overseas Development Institute (ODI), which urges firms to seek profits on the continent rather …

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