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Kenyan hotel Intercontinental, shuts and lays off all employees

In yet another massive layoff, Intercontinental hotel in Kenya’s capital CBD has sacked all employees and ended its Kenya operations amid the coronavirus economic...

South Africa’s July Absa PMI signals slower manufacturing improvement

South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded in July, although at a slower rate compared to the previous month. The index, which gauges...

Survey reveals the aviation sector as the biggest pandemic default risk

The aviation sector carries the biggest risk of corporate default as a result of the coronavirus pandemic, this is according to a survey of...

Nigeria’s Air Peace sacks pilots, implements salary cuts amid COVID-19 disruption

Nigerian airline Air Peace announced that it had sacked an unspecified number of pilots and reduced staff salaries as a result of the disruptive...

Zimbabwe Stock Exchange resumes trading after indefinite suspension

The Zimbabwe Stock Exchange (ZSE) resumed trading on Monday after trading was indefinitely suspended in late June in a move that shocked investors in...

Who will clinch the WTO top job?

There are eight candidates on card lined up to become the next Director-General of the World Trade Organisation (WTO) to replace Roberto Azevedo, whose...

South African retailer Shoprite to exit Nigerian market after 15 years

One of Africa’s leading supermarkets, Shoprite Holdings, will leave the Nigerian market after 15 years, the latest in a series of withdrawals by South...

Feature: Vertical gardening trend blooms in Kenya amid climate change, pandemic

From use of soil-less technology to growing plants in ordinary sacks, vertical gardening is taking root in Kenya as land sizes shrink and climatic...

Innovation critical to combat COVID-19, economic recovery: S. African President

Innovation, science and technology would be handy in defeating COVID-19 and rebuilding world economies, said South African President Cyril Ramaphosa. Ramaphosa's speech was read by...

South Africa economy could contract 8.2% if second COVID-19 wave hits...

South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country...
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