Rwanda has borrowed extensively in the past month to mitigate against the adverse effects of the coronavirus pandemic, accruing an accumulated debt of close to $200 million in March alone.
Zimbabwe farmers started selling their tobacco crop on Wednesday after the coronavirus outbreak delayed the opening of auctions, which provide vital foreign currency inflows, by more than a month.
Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown in the agricultural, manufacturing and construction sectors, finance minister Ukur Yatani said on Tuesday.
French energy major Total said on Sunday that 14 workers including two of its staff have tested positive for the new coronavirus at its sites in Congo Republic, but output at the 190,000 barrels per day operations have not been affected.
South Africa plans to reopen its agriculture sector and allow some manufacturing and retail to resume as the country balances the need to restart economic output and curb the spread of the new coronavirus, trade minister Ebrahim Patel said on Saturday.
Paa Kwesi Anamuah Sakyi, Executive Director for the Institute of Energy Security (IES(, has said oil producers in Ghana would have to shut down or they also have to be prepared to sell at a lower cost, due to the COVID-19.
