Nigeria, Africa's biggest economy, entered recession for the second time in four years, after a contraction in its gross domestic product for a second consecutive quarter.
Tullow Oil PLC (Tullow) is pleased to announce that the sale of its assets in Uganda to Total has completed with US$500 million consideration received earlier today.
Hardly anyone would want to take the job of Angola's minister of finance, Vera Daves. By the end of this year, the country's gigantic amount of debt is expected to grow to over 120% of gross domestic product (GDP).?
Hardly anyone would want to take the job of Angola's minister of finance, Vera Daves. By the end of this year, the country's gigantic amount of debt is expected to grow to over 120% of gross domestic product (GDP).
The government had requested that bondholders grant it a deferral of interest payments until April as it struggled with the dual burdens of fighting the pandemic and a limping economy. But the creditors rejected the request earlier on Friday.
The smartphone and the internet play the same crucial role for Tabu Kitta as they do for most Africans in their 30s: "Everything I do revolves around using the internet. I make calls mostly using the internet. I text mostly using the internet. On a good day, I watch videos online," Kitta told DW.
