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Most People Want Billionaires To Pitch In To Aid Poverty And Inequality

Most People Want Billionaires To Pitch In To Aid Poverty And Inequality

Eight out of 10 people think billionaires should help end poverty, inequality and a host of global ills, a poll showed on Wednesday, as funding shortages and the new coronavirus stymied hopes of meeting the United Nations’ development goals for 2030. The ambitious plans, known as the Sustainable Development Goals (SDGs), were agreed unanimously by […]

Bangladesh Threatens Legal Action As Thousands Of Garment Workers Go Unpaid

Bangladesh Threatens Legal Action As Thousands Of Garment Workers Go Unpaid

Bangladesh will sue factory owners that do not pay their staff during the coronavirus lockdown, an official has warned, with tens of thousands of garment workers struggling after factories shut without paying March wages. Workers have taken to the streets to demand they be paid, defying a mass lockdown that has seen thousands of factories […]

WTI Crashes Below $0 A barrel — A Record Low

WTI Crashes Below $0 A barrel — A Record Low

The spectacular collapse in oil markets is showing no signs of easing, as the coronavirus crisis saps demand and producers run out of places to store all their excess barrels of crude. What’s happening: US oil prices plunged, falling below $0 Monday to $-37.63 a barrel. That’s the lowest level since NYMEX opened oil futures trading in […]

Botswana Telecommunications Corporation Donates P2m To COVID-19 Relief Fund

Botswana Telecommunications Corporation Donates P2m To COVID-19 Relief Fund

 In support of government’s efforts to fight the COVID-19 pandemic, Botswana Telecommunications Corporation (BTC) Limited has donated P2 million to the COVID-19 Relief Fund. A press release from BTC managing director, Mr Anthony Masunga says, ‘The COVID-19 pandemic is new territory for all of us. We are navigating this together, summoning all the information we […]

‘No African Country Can Face This Crisis Alone’ – World Bank

‘No African Country Can Face This Crisis Alone’ – World Bank

Africa is bracing for a deep recession as a result of the coronavirus crisis. The World Bank’s chief Africa economist Albert Zeufack explains why the continent needs international support in the months ahead. With much of the world expected to plunge into recession as a result of the COVID-19 shutdown, Africa is particularly vulnerable to […]

Ramaphosa Appoints Special AU Envoys, Including Trevor Manuel, To Secure Economic Support For Africa

Ramaphosa Appoints Special AU Envoys, Including Trevor Manuel, To Secure Economic Support For Africa

President Cyril Ramaphosa, in his capacity as chairperson of the African Union (AU), has appointed former finance minister Trevor Manuel, among others, to garner international support to address the economic challenges that Africa faces because of Covid-19. In a statement on Sunday, Ramaphosa announced the special envoy of the AU would be tasked with soliciting […]

Uganda Labor Union Taking On Multinational Mining Companies

Uganda Labor Union Taking On Multinational Mining Companies

Uganda’s Karamoja region is rich in natural resources. With better security, major mining conglomerates have come in and the labor union, Karamoja Miners Association, ensures they do not grab lands. Itedo Mahmud is a former cattle-herder but now makes his living from gold mining. He lives in Acherer, a small gold miners’ settlement, in Karamoja, […]

OPEC Conference – Algeria Advocates Immediate Reduction In Oil Production

OPEC Conference – Algeria Advocates Immediate Reduction In Oil Production

Algeria, which chairs the presidency of the OPEC Conference, urged Sunday oil-producing countries to seize the opportunity of the meeting scheduled on 9 April in order to agree on “a global, massive and immediate” production cut. “Algeria calls upon all oil-producing countries to seize the opportunity of the meeting scheduled to be held on April […]

Gbajabiamila Meets NERC, Ministers, Others Over Poor Power Supply

Gbajabiamila Meets NERC, Ministers, Others Over Poor Power Supply

Following the renewed clamour for improved power supply as a result of the stay-at-home order by the federal government, the Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has met with the Minister of Power, Mr. Sale Mamman and officials of the Nigerian Electricity Regulatory Commission (NERC). The meeting which held yesterday, sought to […]

Coronavirus Seen As Trigger For Mobile Money Growth In West Africa

Coronavirus Seen As Trigger For Mobile Money Growth In West Africa

Penda Kande usually pays for taxis in cash, but since coronavirus hit Senegal, the 30-year-old nurse has switched to mobile money to avoid contamination. “With the virus it’s better to use Orange Money,” said Kande, referring to the West African country’s most popular mobile money service, offered by French telecoms group Orange. She was one […]