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Net airline industry losses to hit $47.7 billion in 2021: IATA

The airline industry is expected to make staggering losses of $47.7 billion in 2021 as the COVID-19 pandemic continues to weigh heavily on it,...

South Africa’s inflation rises to 3.2 percent in March

South Africa's annual consumer price inflation (CPI) rose to 3.2 percent in March, up from 2.9 percent in February, said Statistics South Africa (Stats...

Egypt on JP Morgan’s watch list to re-join EM gov’t market...

Egypt has been put on JP Morgan’s watch list for its emerging-market government bond index, says Finance Minister Mohamed Maait. Egypt was delisted from...

IMF: Sub-Saharan Africa’s economy to grow by 3.4% in 2021

Sub-Saharan Africa's economy is expected to increase by 3.4 percent in 2021, recovering from 1.9 percent contraction witnessed in 2020, the International Monetary Fund...

Nigeria to halt foreign currency for sugar, wheat imports: Central Bank

Nigeria will no longer provide foreign currency for importers of sugar and wheat, the central bank said on Twitter on Friday, as the country...

Sub-Saharan Africa region will be world’s slowest-growing economy in 2021: IMF

Sub-Saharan Africa will be the world's slowest-growing region in 2021, with economic activity growing by 3.4 percent this year, according to a report released...

Total postpones South Africa drilling application, consultancy letter says

French oil company, Total has decided to postpone its application for additional drilling in a South African offshore gas block, a letter seen by...

South Sudan’s apex bank injects 5M USD to stabilize local pound

South Sudan's central bank Tuesday injected 5 million U.S. dollars into the local market in a bid to mop up excess liquidity to stabilize...

Kenyan official says China-built Lamu port to be operational in June

A Chinese-built seaport in Kenya's coastal Lamu County will be operational in June, a Kenya Ports Authority (KPA) official said on Monday. China Communications Construction...

Egyptian Customs Authority’s digital platform mandatory by July 2021

Egyptian ministry of Finance has announced a new decision regarding the Customs Authority’s new digital platform, which goes live later this year, stating that...
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