Coronavirus: World Bank calls for greater debt relief for poorer nations
World Bank President, David Malpass, said that a more ambitious debt relief plan is needed to save poorer countries from
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FORIEGN ECONOMY
Namibian commercial bank reduces lending rate to new historic low
Namibia’s Bank Windhoek has reduced its prime lending rate to a record low of 7.75 per cent, making it the
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German economy at risk due to coronavirus – central bank
The coronavirus outbreak in China poses a risk for the German economy, Germany’s central bank said on Monday, pointing
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China’s investment in U.S. dips by 83%
Chinese direct investment in the United States dropped 83 per cent in 2018, pushed down by growing mistrust between the
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South Africa slips into recession
Just like Nigeria, South Africa has entered recession for the first time in eight years, data from Statistics South Africa
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Ghana finds $1.6bn hole in budget
Ghana’s budget deficit could be twice as big as previously forecast, Finance Minister Ken Ofori-Atta said a day after the
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Trump appoints Ogunlesi, a Nigerian, into economic team
Nigerian businessman, Adebayo Ogunlesi, has been named as one of the people who will advise US President-elect Donald Trump on
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China’s forex reserves fall to 5-year low
China’s foreign exchange reserves dropped $19 billion in September to a five-year low, government data showed, with the central bank
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Bank of England warns Brexit risks materialising
The Bank of England warned Tuesday that risks to financial stability were materialising after Britain’s shock EU exit referendum, as
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The Monday after Brexit
The New York Stock Exchange has opened and the Dow Jones Index promptly dropped by 148 points, or 0.85 percent.
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