The lifting of the covid-19 restrictions and subsequence opening of the tourism sector to the island nation is fuelling a rise in the value of the Seychelles rupee against all other currencies in Africa, making it among the top 10 performing currencies in Africa this year, according to a financial news outlet. Read more.
Seychelles, an archipelago of Africa in the western Indian Ocean, is one of the first destinations to reopen its borders to tourism irrespective of visitors' vaccination status amid the covid-19 pandemic. Read more.
It has not been a great week for the US Indices as the Nasdaq and S&P had their biggest weekly declines since February of this year, following tapering suggestions as to the Fed ramp-up to announce tapering in next month’s FOMC meeting. Read more.
Gaborone-Botswana has made commitment to work on a bilateral engagements with other common wealth countries to revive their battered economy which has lost billions from the tourism industry because of the crippling effects of the Covid 19 pandemic. Read more.
Seychelles will welcome the return of vessels with a maximum of 300 passengers for the 2021-2022 cruise ship season from mid-November, said a top official, the first port calls to the island nation after an 18-month blackout due to COVID-19 restrictions. Read more.
The Bank of Tanzania (BOT) Monthly Economic Review – June 2021 indicates that during the year ending May 2021, the value of exports of goods and services declined by -11% during the same period in 2020, largely attributed to a decrease in travel receipts. Read more.
A 500 megawatt coal-fuelled Thermal Power Station is a non-starter four years later due to the COVID-19 pandemic. Australia-based company, Canham Mining International was granted a licence to mine anthracite coal in Eswatini, which it would use to build a 2x250 MW coal plant. Read more.
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