Business, Economy & Technology
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Coronavirus puts clutch of countries in junk rating danger zone
LONDON (Reuters) - Being stripped of one’s investment grade credit rating is a chastening moment for any government, but the…
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Subsistence miners lose out as coronavirus crushes local gold prices
JOHANNESBURG/TORONTO (Reuters) - Informal gold miners from South America to Africa are selling gold at almost 40% discounts as measures…
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Rocket Internet sells stake in Africa eCommerce firm Jumia
BERLIN (Reuters) - German tech investor Rocket Internet said on Thursday it had sold its stake in African ecommerce company…
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South Africa’s rand crashes to all-time low after Moody’s pulls the plug
JOHANNESBURG (Reuters) - South Africa’s rand plunged to an all-time low on Monday, falling below 18.00 to a dollar after…
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Oil crash puts Africa’s cash-strapped producers in peril
LAGOS (Reuters) - Collapsing oil prices have left African producers facing not only lost revenue when they most need it…
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G20 coronavirus plan focuses on poorer countries’ debt problems
RIYADH/WASHINGTON (Reuters) – The Group of 20 major economies said on Tuesday that they would present a coronavirus action plan…
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Global economic policy response to coronavirus crisis
(Reuters) - Governments and central banks around the world have unleashed unprecedented fiscal and monetary stimulus and other support for…
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Food security concerns stoked as exporters curb sales, importers buy more
SINGAPORE/DUBAI (Reuters) - Global food security concerns are mounting as some governments contemplate restricting the flow of staple foods with…
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Zindi taps 12,000 African data scientists for solutions to COVID-19
Since its inception, Cape Town based crowdsolving startup Zindi has been building a database of data scientists across Africa. It…
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African turns to mobile payments as a tool to curb COVID-19
Africa is using digital finance as a means to stem the spread of COVID-19. Governments and startups on the continent…
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AWS partners with Kenya’s Safaricom on cloud and consulting services
Amazon Web Services has entered a partnership with Safaricom — Kenya’s largest telco, ISP and mobile payment provider — in…
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CcHub funds tech to curb COVID-19 on concerns of an Africa outbreak
Africa’s largest innovation incubator, CcHub, will offer funding and engineering support to tech projects aimed at curbing COVID-19 and its…
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Visa partners with Paga on payments and fintech for Africa and abroad
Visa has entered a partnership with Nigeria based startup Paga on payments and technology. Founded in Lagos, Paga scaled its…
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Jumia adapts Pan-African e-commerce network in response to COVID-19
Pan-African e-commerce company Jumia is adapting its digital retail network to curb the spread of COVID-19. The Nigeria headquartered operation…
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Here are the six countries that will be most affected by coronavirus-induced economic chaos
Time to buckle up: economists believe the looming Covid-19 crash will throw millions out of work and bankrupt thousands of…
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