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The International Monetary Fund and the World Bank have declared Somalia eligible for assistance under the Enhanced Heavily Indebted Poor Countries Initiative, based on a preliminary assessment, Reuters reported Feb. 13.
In his annual state of the nation address, South African President Cyril Ramaphosa called for a number of new measures to improve the country's embattled economy and electricity grid, including allowing big power-consuming companies, such as mining firms, to build their own power generation capacity, Reuters reported Feb. 14.
South Africa's unemployment rate remained unchanged at 29.1 percent in the fourth quarter of 2019, while the country's manufacturing output declined 5.9 percent year over year in December 2019, Reuters reported Feb. 11.
The Nigerian presidency has called for a delay in the adoption of the eco, a proposed West African common currency that members of the Economic Community of West African States are considering adopting, RFI reported Feb. 11.
Brazilian President Jair Bolsonaro has introduced a bill to Congress that would allow commercial projects to be developed on indigenous lands, including hydrocarbon extraction, mining and agriculture, among others, Deutsche Welle reported Feb. 6.
Because Wuhan is a relatively minor player in China's technology industry, the sector has been spared the worst of the new coronavirus. That could change if the outbreak spreads to the country's R&D heartland right next door.
South Africa's Standard Bank, the continent's largest lender by assets, has reportedly organized a deal with Coca-Cola Beverages Africa for $50 million in financing to aid the company's expansion plans in Ethiopia, IOL reported Jan. 28.
South Africa's National Assembly has initiated proceedings to potentially remove Public Protector Busisiwe Mkhwebane from her position after the center-right Democratic Alliance put forward a motion, News24 reported Jan. 26.