Zimbabwe: RBZ Dumps Gono's Failed Jatropha Project

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Zimbabwe: RBZ Dumps Gono's Failed Jatropha Project

[New Zimbabwe] THE Reserve Bank of Zimbabwe (RBZ) has finally given up on former Governor Gideon Gono's Jatropha Biodiesel experiment.

Source: allAfrica.com

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Zimdollar continues to tumble

THE Zimbabwe dollar has devalued further to a new low of $105 against the greenback on the parallel foreign currency market as demand for the United States dollar

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Source: NewsDay Zimbabwe - Everyday News for Everyday People

Rwanda: Remittances to Rwanda Plummet By 16% in March

Remittance inflows to Rwanda decreased by 16 per cent in March from Rwf22.5 million, according to the latest data from the National Bank of Rwanda

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Source: allAfrica.com

Financial market snapshot, May 2020: Updates from South Africa and abroad

(Partner Content) Global markets rebounded in May as more countries began easing their lockdown restrictions, sparking hopes of an economic recovery.

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Source: South African News | Online News | The South African

Rwanda: COVID-19 - How Recovery Funding Will Be Disbursed

According to a letter by the Central Bank to all the 16 local banks as well as Limited Liability Micro-finance institutions, the fund will be disbursed through local financial

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Source: allAfrica.com

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

British judge denies Maduro Venezuela's gold in London bank

LONDON, England (AP) A British judge yesterday refused to give Venezuela's Nicolï¿½s Maduro control of nearly US$2 billion in gold sitting in a Bank of England vault because Britain does not recognise the socialist leader as president of the Latin American nation.

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

Rand Report: ZAR faces a long road to recovery

(Partner Content) Despite a historic contraction of the GDP for the second quarter, the rand gained through the last week on the back of positive risk sentiment.

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Source: South African News | Online News | The South African

Zim move to pay civil servants USD allowances is 'crazy' - MPC member

The Zimbabwean government's move to pay its workers US dollar-denominated allowances as the southern African country struggles to stabilise its local currency has been described as "crazy" by an economist and member of the central bank's monetary policy

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Source: https://www.news24.com

Zimbabwe: 'Forex Auction System Working Magic' - Gvt

[New Zimbabwe] THE Ministry of Industry and Commerce says the Reserve Bank of Zimbabwe's (RBZ) foreign exchange auction system is working magic and as seen by the surge in locally manufactured products as well as an increase in industry capacity utilisation.

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Source: allAfrica.com

Nigeria: Decline in Non-COVID-19 Ailment Consultation in Hospitals Worries Govt

The federal government also said wearing face masks in public places is compulsory, going by the COVID-19 regulations signed by President Muhammadu Buhari, pursuant to Quarantine

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Source: allAfrica.com

Uganda: New Bill Seeks to Trim Powers of Bou Governor, Deputy Governor

The powers of the Bank of Uganda (BoU) Governor are set to be clipped if Parliament passes a private Member's Bill that seeks to amend the Constitution as a way of streamlining the management of the Central

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Source: allAfrica.com

Technology in the wake of a pandemic

ZIMBABWE, like the rest of the world, has been hit by the COVID-19 pandemic, which has harshly affected the economy and society as a whole, with scores of people having to work from home and still fighting for their place in time, for normalcy and progress even within the volatility of the

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Source: NewsDay Zimbabwe - Everyday News for Everyday People

Mauritius Holds Some Rs 1 000 Billion in Foreign Currency, Indicates Finance Minister

The Finance Minister believes that in the context of this unprecedented crisis, this increase in official reserves will enable the country to deal with the economic shock of Covid-19 with more

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Source: allAfrica.com

Economy probably shrank 32% in lockdown: Reserve Bank

South Africa’s economy probably contracted more than 30% in the second quarter when restrictions to curb the spread of the coronavirus shut almost all activity for five weeks, according to central bank

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Source: TechCentral

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

Forex reserves inch closer to Sh1trn mark

Forex reserves inch closer to Sh1trn mark on new loans

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Source: Business Daily

Taking stock: A half year of two quarters balanced on a knife-edge

Who would have thought that by the end of June we would be looking back on the best three months for global stock markets since the final quarter of 1998?

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Source: South African News | Online News | The South African

Angola: Economic Commission Approves Plan for Business Improvement

[ANGOP] Luanda -- The Economic Commission of the Council of Ministers on Tuesday approved a plan to improve the business environment in the country.

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Source: allAfrica.com

Zimbabwe: Inefficient Foreign Exchange Market Costing Zim Billions

The major reasons why Zimbabwe suffers from foreign currency shortages can be traced back to a lack of confidence (trust) in financial institutions, especially the country's apex bank, repressive exchange control regulations and an inefficient foreign exchange market that does not give fair value

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Source: allAfrica.com

Holness pledges $750,000 to support NCU students affected by COVID-19

Prime Minister Andrew has pledged three quarters of $1 million from his Positive Jamaica Foundation to the Northern Caribbean University's Alumni to fund scholarships and grants for students affected by

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Source: Jamaica Gleaner

Zimbabwe: Ecocash Loses Agents Court Challenge Against RBZ

The High Court has thrown out a challenge by EcoCash seeking the restoration of thousands of agent lines terminated without notice by the Reserve Bank of Zimbabwe (RBZ) for suspected illegal forex

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Source: allAfrica.com

More Jobs, But Uncertain Picture, As Economy Continues To Recover From Pandemic – The Wilmington Journal

Continuing the upward trend as the U.S. begins to move out of the pandemic, the government reported that 850,000 jobs were added to the economy, though some economists said the data still painted an unsure [...]

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Source: The Wilmington Journal

Georgians set to lose $300 in expanded federal unemployment benefits | The Atlanta Voice

The State of Georgia will end their involvement with the federally-expanded unemployment benefit program Saturday, with the move affecting more than 165,000 Georgians. Georgia, like 21 other Republican-led states, declared it was withdrawing from some or all of the programs early. Governor Brian

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Source: The Atlanta Voice

Forex reserves swell to four-month high on IMF Sh79bn injection

Forex reserves swell to four-month high on IMF Sh79bn injection

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Source: Business Daily

Malawi: 'Address Governance Lapses At Reserve Bank of Malawi, Parliament'

[Nyasa Times] Malawi's influential newspaper published on Saturday, Weekend Nation, has used its editorial comment to add credence to experts suggested best practices to ring fence the Reserve Bank of Malawi (RBM) from abuse owing to its legal framework which provides that the central

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Source: allAfrica.com

Rwanda: Central Bank Chief Economist Thomas Kigabo Succumbs to Covid-19

[New Times] Prof. Thomas Rusuhuzwa Kigabo, the chief economist at the National Bank of Rwanda (BNR), succumbed to Covid-19 on Friday morning. He was 57.

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Source: allAfrica.com

Uganda: Workers Feel the Pinch of COVID-19

Some governments have stared this bleak figure in the eye with all round economic stimulus packages which have included cuts to Pay As You Earn and corporation taxes like the Kenyan

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Source: allAfrica.com

Gold is set for record highs: Here's the easy way to invest

As the Covid-19 pandemic enters a “new and dangerous phase”, the price of safe haven gold is approaching its highest since 2012 — but one big investment bank thinks the economic response will soon see the yellow metal swell to its highest price

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Source: TechCentral

Ex-BOJ governor backs timeout for bank hires

Former Bank of Jamaica (BOJ) Governor Derick Latibeaudiere has supported a proposal from Jamaica’s anti-corruption watchdog for senior central bank personnel who are involved in regulations, examinations, or inspections to be restricted from...

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Source: Jamaica Gleaner

EcoCash losses High Court matters over freezing of it's 54 000 agent lines

The High Court of Zimbabwe has dismissed Econet Zimbabwe’s mobile money platform Ecocash’s application which sought to interdict the Reserve Bank of Zimbabwe from suspending its mobile money

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Source: NewsDay Zimbabwe - Everyday News for Everyday People

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