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Delays and shattered hopes: Uganda still waiting for oil riches

Mar 27 2020 13:26

It was the promise of oil - billions of barrels of black gold, discovered locked beneath Lake Albert - and the riches to follow that brought electricity to Buliisa.

South Africa

Could coronavirus give SA (another) breather from Moody's junk status?

Mar 26 2020 21:46

The unprecedented lockdown of the country due to the spread of the coronavirus may offer the country a reprieve from a much-anticipated ratings assessment by ratings agency Moody's, in what could see the country dodging a downgrade to junk status.


Zimbabwe reintroduces US dollar amid coronavirus panic

Mar 26 2020 20:06

Zimbabwe's government has reintroduced the use of foreign currency as a stabilising measure as the coronavirus pandemic strikes.


US jobless claims surged to a record 3.28 million last week

Mar 26 2020 17:19

The number of Americans filing for unemployment benefits surged to a record 3.28 million last week as businesses shuttered and laid off workers as part of efforts to slow the spread of the coronavirus.


World trade rocked by virus sees worst collapse in a generation

Mar 26 2020 11:09

The Great Recession, the September 11 attacks, the 1973 oil embargo - none of these modern crises constricted trade flows as quickly and as sharply as the Covid-19 disease has.


South Africa

Pre-lockdown exodus by migrant workers risks further spread of virus

Mar 25 2020 17:19

Migrant workers in Gauteng, South Africa’s economic hub and the epicenter of the nation’s coronavirus outbreak, are heading home in droves ahead of a three-week national lockdown, raising the risk of the pandemic becoming more widespread.

South Africa

Govt, unions will 'park' public wage dispute during coronavirus outbreak - minister

Mar 25 2020 16:06

Minister of Public Service and Administration Senzo Mchunu told reporters that South Africans needed to "park" any impasse when it came to any public service wage negotiations, as a more urgent challenge befell government.

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