The US Federal Trade Commission (FTC) is suing to prevent the $40 billion acquisition of British chip designer Arm Holdings by American Nvidia. Read more.
Tags : unemployment
In 2021, Nigeria's economy is projected to grow by 1.8% according to the world bank's baseline scenario. If the government fails to maintain recent macroeconomic and structural reforms, the pace of economic recovery could slow, and GDP growth may reach just 1.1 percent in 2021. Read more.
Zimbabwe’s official year on year inflation rate for the month of July 2021 as measured by the all items Consumer Price Index (CPI) slowed to 56,37 % from 106,64% in June, the Zimbabwe National Statistics Agency (ZimStat) has said.
Nearly 5 % of businesses reported to have permanently closed in Zambia since the onset of the COVID-19 pandemic in early 2020, a new World Bank survey has revealed. Read more.
The rand lost steam yesterday and retreated 4c to R13.76 against a softer dollar yesterday by 5pm as data showed that South Africa’s unemployment rate hit a new record 13-year high in the first quarter, having touched a near 2-year high of R13.69 earlier in the day. Risk appetite continued to bolster the local unit, […]
The African Development Bank (AFDB) says outlook for Zimbabwe remains clouded with challenges as the industrial and mining sectors are faced with reduced competitiveness, low commodity prices, and interruptions in electrical service that disrupt output in 2021. Read more.
Tito Mboweni, Minister of Finance, will deliver his annual budget speech tonight. The unprecedented global pandemic which has dominated everyone's lives will leave Mboweni with little room to deliver any positive news.