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Monday, 25th October 2021
4:37:47am

Economy

Articles related to economy

Namibia to launch tourism expo amid COVID-19

Namibia's Minister of Environment, Forestry and Tourism, Pohamba Shifeta on Wednesday launched the Tourism Expo 2020 scheduled to take place from Nov. 4 to 7 in Windhoek despite the current COVID-19 pandemic.

The minister at the launch talked about the negative impact caused by COVID-19 pandemic on the tourism industry at the same highlighting on…

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South Africa’s economy on recovery, says reserve bank

South Africa’s economy has started to recover after showing improvement in August, the South African Reserve Bank (SARB) said.

“The composite leading business cycle indicator increased further by 3.7 percent on a month-to-month basis in August, following a 2.6 percent increase in July,” said the SARB, the country’s central bank, in a report.

“It…

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Nigeria might fall into recession as virus takes toll, budget office says

Nigeria might fall into recession in the third quarter, the head of the country’s budget office said on Thursday, citing the impact of low oil prices and the coronavirus pandemic on Africa’s largest economy.

The continent’s top oil producer faces its worst economic crisis in four decades in the wake of an oil price war between Russia and Saudi…

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Exclusive: Suspected arms dealers moved millions in Somali money transfers, report says

Somali money transfer companies moved more than $3.7 million in cash between suspected weapons traffickers in recent years, including to a Yemeni under U.S. sanctions for alleged militant links, according to a report seen by Reuters.

The findings by a Geneva-based research group, the Global Initiative Against Transnational Organized Crime, could…

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World Bank approves $114 mln for Nigeria's COVID-19 response

The World Bank has approved $114 million to help Nigeria tackle its coronavirus pandemic, the global lender said on Friday.

The money comes in the form of a $100 million loan and a $14 million grant to be split between Nigeria’s 36 states and federal-level procurement of medical equipment, tests and medicine.

Africa’s most populous country has…

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