February 17, 2020 – Harare, Zimbabwe, Africa - Zimbabwe central bank left its benchmark interest rate at 35% on Monday, citing moderating inflation, as it looks to print more local currency and limit the use of foreign currencies.
February 17, 2020 – Johannesburg, South Africa, Africa - Ratings agency Moody's has cut its 2020 growth forecast for South Africa to 0.7%, saying the economy remained stuck in low gear due to lacklustre private sector demand at home.
February 17, 2020 – Addis Ababa, Ethiopia, Africa - U.S. Secretary of State Mike Pompeo is scheduled to visit Ethiopia as part of his first official trip to Africa, where his office says he will seek to strengthen commercial ties and promote U.S. investment opportunities on the continent of more than one billion people. He is expected to address the African Union and meet with Prime Minister Abiy Ahmed. Pompeo arrives in the Ethiopian capital late on Monday night.
February 14, 2020 – Johannesburg, South Africa, Africa - South Africa's central bank has started the process to appoint an advisor to manage the sale of its 50% holding in small lender African Bank, the company said on Friday, around six years after injecting 5 billion rand to rescue it.
February 14, 2020 – Tanzania, Africa - Tanzania has signed a $1.46 billion loan agreement with Standard Chartered Bank Tanzania to fund the construction of 550 km of standard gauge railway running between the commercial capital and central Tanzania.
February 14, 2020 – Johannesburg, South Africa, Africa - South African President Cyril Ramaphosa's state of the nation address offered only partial detail on key policy areas like the electricity sector and underscored a weak outlook for the country's creditworthiness, Fitch Ratings said on Friday.
February 13, 2020 – Addis Ababa, Ethiopia, Africa - Ethiopia’s parliament passed a law on Thursday imposing jail terms for people whose internet posts stir unrest, a move the government says is needed to prevent violence ahead of elections but which the United Nations says will stifle free speech.
February 13, 2020 – Geneva, Switzerland, Europe - Nearly 8,000 Cameroon refugees have fled to eastern and southern Nigeria in the past two weeks, the United Nations refugee agency says, as violence flared between security forces and separatist insurgents.
February 11, 2020 – Kampala, Uganda, Africa - Uganda said on Tuesday it would borrow up to 108.5 million Euros ($118.42 million) from a Chinese lender to fund construction of three roads that are key to plans to commence delayed oil production in the east African country.
February 10, 2020 – Johannesburg, South Africa, Africa - Eight-year-old Musa and her older sister Moleboheng trudged down the ravine with buckets and drum bottles to fetch water from a filthy stream because they were thirsty and tired of waiting for trucks meant to deliver emergency water that never showed up. But Musa never returned. The little girl drowned in the stream. Musa's death enflamed the mood among residents of Mandela Park township, on the edge of Qwaqwa in South Africa, turning intermittent protests over water shortages into a full-blown, week-long riot.