Tag Archives: COVID-19

The Board of Directors of the African Development Bank has approved a loan of approximately R5 billion ($288 million) to the government of South Africa, as the country battles one of the largest COVID-19 caseloads in the world. South Africa confirmed its first case of COVID-19 on 5 March 2020 …

Oil prices declined on Wednesday, following a climb in the previous day, after industry data showed a larger-than-expected stock build in the US. API reported US crude inventories rose last week by 7.5 million barrels compared with expectations for a draw of 2.1 million. Meanwhile, US President Trump shifted his …

Public hospitals in Madagascar said they’ve reached full capacity and will only accept patients with the most severe forms of Covid-19 as cases surge in the Indian Ocean island nation. President Andry Rajoelina earlier this month reimposed a lockdown on the country’s central region until July 26 as the five …

After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.1 trillion) budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever. The 27 leaders grudgingly committed to a costly, massive aid package for those hit …

Increased and decisive investment will be the channel for Africa’s economic recovery post COVID-19, partners of the Africa Investment Forum said on Friday, expressing confidence in the continent’s potential to rebound from the ongoing health and economic crises. “Africa will come out of this pandemic, tough as it is, and …

Sudan needs $283 million to meet the urgent needs caused by the coronavirus pandemic, according to a statement by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA). The resources will be used to provide food, water, sanitation, health, and protection services to the most vulnerable populations. The UN …

The number of people infected with the coronavirus across the world rose surpassed 14.7 million, of which at least 609 thousand people have died, according to Johns Hopkins. In the US, the epicenter of the disease, the number of infections rose by more than 56 thousand to over 3.83 million. …

Oil prices dropped on Monday, amid concerns that a fresh wave in COVID-19 cases in several US states and some places across the globe could slow recovery in fuel demand. More than 14 million people have been infected by the virus globally and nearly 602,000 have died, according to a …

The World Health Organisation (WHO) says 10 countries account for 88 per cent (440,672) of all reported Coronavirus (COVID19) cases in the African Region. WHO Regional Office for Africa in Brazzaville, Congo, disclosed this in a report posted on its official Twitter account @WHOAFRO on Friday. The UN health agency …

Oil prices dropped on Monday, amid concerns that a record rise in COVID-19 infections could stall global recovery in fuel demand. The WHO Sunday reported a record daily rise in virus cases worldwide. In the US, Florida reported over 15 thousand new virus infections Sunday, the highest single-day total to …