Friday, November 22, 2024
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Recession

South African economy back to recession after shock slump

South African Statistical officials have released latest economic figures that showed that the country is back to recession. The South African economy shrank by 1.4%...

South Africa exits recession after recording GDP growth

The South African economy has officially exited recession after reporting growth in it's Gross Domestic Product figure for the third quarter. The Statistics South Africa...

Ramaphosa assures South Africa will recover from recession

The President of South Africa, Cyril Ramaphosa says his country will soon recover from recession. On Tuesday South Africa entered into recession for the first...

South Africa enters recession for first time since 2009

South Africa on Tuesday entered into recession for the first time since 2009, according to second quarter data. That means the country has for...

South Africa tumbles into recession

South Africa has entered recession for the first time in eight years, data from Statistics South Africa showed on Tuesday, after the economy contracted...

Nigeria determined to overcome recession this year

Nigeria is determined to emerge from its first recession in a quarter of a century this year and needs to put more effort in revamping its infrastructure, its budget minister said on Wednesday.

Recession: Nigeria plans tax relief for manufacturers

In a bid to ease the burden of the current economic recession on the manufacturing sector, authorities in Nigeria is planning some form of...

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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