Uganda's Debt Sustainable, Says IMF

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Uganda's Debt Sustainable, Says IMF

[Monitor] By Tonny Abet

Source: allAfrica.com

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US wrestles with economic response to coronavirus pandemic | Afro

The Democratic-led U.S. House of Representatives narrowly passed a $3 trillion stimulus bill, known as the Heroes Act, last month that would provide an additional $1,200 direct payment per family member and $600 per household, close to $1 trillion to state, local, territorial and tribal

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Last Thursday, the University of California’s (UC) Board of Regents voted 23-0 to end the use of the SAT and ACT tests in admissions for all California freshman applicants through

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US suspends aid to Ethiopia over Blue Nile dam dispute | News24

Washington's move comes after Ethiopia, Egypt and Sudan fail to agree on unified text on management of disputed project.

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Cruise workers' re-entry now routine, says Chang

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

EAC tops $2.3b Covid-19 loans in three months

East African countries have borrowed nearly $2.3 billion new loans in less than three months since reporting the first Covid-19 positive case, adding to the region’s mounting debts at a time of shrinking tax

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Source: The East African

Raoul among AGs seeking power to investigate police misconduct | The Crusader Newspaper Group

Group also wants access to departments’ excessive force data

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Source: The Crusader Newspaper Group

International Finance: Casablanca Finance City Wins The Africa Economy Builders’ Grand Prize

Casablanca Finance City (www.cfca.ma) was awarded last Thursday in Abidjan the “Africa Economy Builders’ Grand Prize” in recognition for its performance and contribution to the development of

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Source: Savoy Network

Zimbabwe's security forces sideline government as economy crashes

Zimbabwe’s security force leaders sidelined the nation’s economic chiefs and forced the government to close the stock exchange and halt most mobile-money transactions, people familiar with the situation

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Source: https://www.news24.com

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Uganda: Civil Society to Kampala - We Want Transparency, Not Graft-Laced Debts

The civil society in Uganda is demanding transparency in the spending of Covid-19 loans to avoid loading taxpayers with corruption-fuelled

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Source: allAfrica.com

IMF forecasts deeper Latin America recession in 2020

RIO DE JANEIRO, Brazil (AP) — The International Monetary Fund is forecasting a nearly double-digit recession for Latin America and the Caribbean in 2020 — a contraction of 9.4 per cent — as the region is dragged down by its two largest economies which continue to suffer from the novel

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

CARICOM again calls for closer ties to Africa | New York Carib News

Mottley said it was also important to recognize that 75 years after the establishment of the United Nations and the Bretton Woods institutions –the International Monetary Fund and the World Bank – “to come together to determine how best we can re-fashion how they function and how they look to

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Source: The New York Carib News

Yatani on the spot over Sh8.1bn for projects

In its latest report — "Unpacking the Estimates of Revenue and Expenditure for 2020/2021" — released this month, the PBO notes that the Treasury has allocated money for a second time to projects that had been finalised and their completion certificates

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Source: Daily Nation - Breaking News, Kenya, Africa, Politics, Business, Sports | HOME

Argentina Woman Uproots Family to Spain To Escape Growing Crisis – The Wilmington Journal

VIGO, Spain - A couple who left their careers behind in Argentina to move to Spain didn't know how bad things were until they found a new life. The story of Veronica Kleiman and her [...]

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Zimbabwe opposition trio charged with lying over torture denied bail

A Zimbabwean court on Monday denied bail to an opposition lawmaker and two activists accused of lying to police about being abducted and tortured last month, a lawyers' group

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Source: https://www.news24.com

Zimbabwe: Mwonzora Vows to Grab Harvest House Keys From Chamisa, Accuses Alliance of Stripping Furniture

The battle for control of Harvest House, the MDC main headquarters, rages on with MDC-T secretary general Douglas Mwonzora adamant he will grab the keys of the iconic home of opposition politics from MDC Alliance leader Nelson

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Source: allAfrica.com

Zimbabwe security forces ordered mobile money ban: sources

Zimbabwe’s security force leaders sidelined the nation’s economic chiefs and forced the government to issue an order to close the stock exchange and halt most mobile money transactions, people familiar with the situation

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Fighting Climate Change in Africa With Innovative Financing {Business Africa} | Africanews

This week, Business Africa takes a journey across the continent telling stories of bounty harvests, debt relief and innovative financing solutions to the global challenge of climate

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Officials wrong to order deportation of Jamaican-born man, says US court

CONNECTICUT, United States (AP) — A federal appeals court has reversed a decision by immigration authorities to deport a Connecticut man because he was convicted of felony assault 19 years ago, when he was 18, despite state officials having pardoned

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

36% of public sector workers not expecting wage increase this year — survey

THIRTY-SIX per cent of public sector workers surveyed recently believe that they will not be granted a wage increase this year because of the economic strain and reduced financial resources brought on by the COVID-19

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

Africa: WHO Urges African Countries Resuming Air Travel to Take Safety Measures

[VOA] The World Health Organization called on African countries Thursday to take comprehensive safety measures to "mitigate a surge" in COVID-19 cases, as nations resume air travel.

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Source: allAfrica.com

Tamir Rice's mother calls out artists using her son's image without permission

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Source: theGrio

AfCFTA clouded by virus and pace of talks

The African Continental Free Trade Agreement (AfCFTA) was formally launched just over a year ago in a blaze of

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Source: The East African

Man gets 70 years for murder of Parika fuel dealer - Stabroek News

Curt Thomas was yesterday afternoon handed a 70-year sentence for the murder of Parika fuel dealer Seeram Singh whom he shot and killed during a robbery on the night of April 30th, 2016, at Parika Outfall, East Bank

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Source: Stabroek News - Guyana's Most Trusted Newspaper

Libya's GNA says it is targeting retreating Haftar forces

Libya's internationally recognised government has launched air strikes against forces loyal to renegade military commander Khalifa Haftar after his forces announced they were pulling back from Tripoli front

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Source: https://www.news24.com

Angola: COVID-19 - Angola With Another Recovered and Two Positive Cases

Luanda — Angola recorded, in the last 24 hours, one more covid-19 recovery case and two positive ones, informed the secretary of State for Public Health, Franco Mufinda, last

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Source: allAfrica.com

The Federal Reserve Projects High Unemployment As Recession Hits The US economy

Following the OECD’s report, the National Bureau of Economic Research (NBER) announced earlier this week that due to economic activity plummeting on the heels of state-issued, lockdown measures in March and April the United States has now entered a recession after the economy peaked in

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Source: The Savannah Tribune

Kenya: Manage COVID-19 Funds Transparently

Early this month, the International Monetary Fund approved disbursement of $739 to Kenya to address the impact of the Covid-19

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Source: allAfrica.com

PM mum as watchdog demands Belnavis quit

Weeks after St Ann’s Bay Mayor Michael Belnavis became embroiled in controversy over his stewardship of municipal funds, climaxing last Thursday with a demolition related to building breaches, Prime Minister Andrew Holness has reserved comment...

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Source: Jamaica Gleaner

COVID-resilient corridor for tourists travelling to Jamaica

In light of misgivings being expressed nationally about the widescale opening of Jamaica to overseas visitors, Tourism Minister Edmund Bartlett has asserted that the industry’s corridors will be split to accommodate the

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Source: Jamaica Gleaner

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