Reuters Tanzania’s economy is forecast to grow by a slightly slower pace this year before picking up in 2023, Finance Minister Mwigulu Nchemba said on Tuesday. Tanzania’s economy is recovering from the COVID-19 pandemic, which hit sectors like tourism hard. But the recovery has been affected by the war in Ukraine, which sent prices for…
Reuters A South African business confidence index fell in May, hitting its lowest level since September 2020 on factors including lower trade volumes, higher financing costs and power cuts. The South African Chamber of Commerce and Industry (SACCI) said on Tuesday that its business confidence index fell to 89.3 in May from 93.7 in April….
Reuters The South African rand recovered early on Tuesday, as the dollar pulled back from a two-decade peak amid fears that aggressive interest rate hikes by the Federal Reserve would push the U.S. economy into recession. At 0632 GMT, the rand traded at 15.9900 against the dollar, 0.87% stronger than its previous close. The dollar…
By Reuters Oman and Tanzania have set up a mutual investment fund that aims to invest in several sectors, including agriculture, fishing and mining, the state-owned Oman News Agency cited the sultanate’s foreign minister Badr al-Busaidi as saying on Monday. Tanzanian President Samia Suluhu Hassan is on a state visit to Oman.
Pregnancy puts women at higher risk of severe medical complications or death from COVID-19, according to a new study of more than 1,300 women in sub-Saharan Africa. Researchers argue that vaccinating pregnant women against the coronavirus should be made a priority across the region, where most countries do not yet recommend vaccination during pregnancy. Multiple…
By Reuters South Africa’s rand fell early on Monday, ahead of a policy-focused week in which the U.S. Federal Reserve and the Bank of England (BoE) are expected to raise interest rates to tame inflation. At 0634 GMT, the rand traded at 16.0300 against the dollar, down 1.01% from its previous close, its lowest in…
By CGTN Africa Many urban centres around Africa are already struggling with growing populations, which put a strain on living space, infrastructure and services. Africa’s urban population is projected to increase by an additional 950 million people by the year 2050, which will further compound the problem. The just-concluded 2022 Africities conference in Kisumu centred around…
By Reuters Ethiopia’s inflation (ETCPIY=ECI) accelerated further in May, spurred by a pickup in food inflation, the statistics office said on Friday. Inflation rose to 37.2% year-on-year from 36.6% in April, the Central Statistics Agency said in a statement. Month-on-month inflation was 2.6% in May, also higher than April’s 2.2% month-on-month inflation reading.
By XINHUA Confirmed cases of monkeypox in Nigeria have risen to 31 as more cases were reported across the most populous African country, a report by health authorities said. In its latest monkeypox situation report, the Nigeria Center for Disease Control (NCDC) said the country has recorded since January 110 suspected cases in total and 31…
By XINHUA The Ethiopian government has launched a new COVID-19 vaccination campaign to boost the country’s vaccination rate and limit the spread of the novel coronavirus. State media reported Saturday that the number of infected people entering intensive care units has been increasing over the past month in Ethiopia citing State Minister of Health Dereje Duguma. Lax precautionary…
