Business
The Southern African Times Business
Sub-Saharan Africa ‘in danger’ of recession for the first time in 25 years, World Bank says
The coronavirus pandemic could plunge sub-Saharan Africa into recession in 2020 for the first time in...
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Lisbon court seizes NOS shares held by Angola’s dos Santos
Sonaecom, sub-holding of Portugal’s Sonae, said on Saturday evening a Lisbon court seized shares in telecommunications...
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Nigeria to set up $1.39 billion fund to fight coronavirus
Nigeria plans to create a 500 billion naira ($1.39 billion)coronavirus fund to strengthen its healthcare infrastructure...
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African Development Bank celebrates milestone with first social bond listing on London Stock Exchange
The African Development Bank’s “Fight Covid-19” social bond, the largest social bond to date to be...
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OPEC allies work on unprecedented oil cut, await US efforts
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent...
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Ethiopia signs $800 mln geothermal power purchase agreement
Ethiopia has signed a power purchase agreement worth $800 million with the developers of a 150...
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African governments team up with tech giants to fight coronavirus lies
Governments across Africa are teaming up with technology giants including Facebook and WhatsApp to fight misinformation...
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Africa seeks IMF, World Bank and EU support on debt relief – UNECA
African finance ministers want International Monetary Fund, World Bank and EU support for bilateral, multilateral and...
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MTN moves ahead on Nigerian stake sale with markets in turmoil
MTN Group may have to consider a phased sale to reduce its majority stake in its...
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South Africa lockdown squeezes global chrome supply
Samancor Chrome, one of the world’s biggest ferrochrome producers, has declared force majeure because of South...
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