IMF

South Sudan declares cholera outbreak

South Sudan Wednesday announced 179 cases of cholera outbreak that has also caused the death of one person since the report of the first case in February, Anadolu news agency reports. Yolanda Awel Deng Juach, the Health Minister of the African country indicated that the cases have been circumvented in Malakal region, in the state […]

Algeria slashes spending by 50% due to drop in oil earnings & Coronavirus impact

The Algerian economic model, which is depending heavily on oil & gas revenues, is seemingly crumbling. The new financial realities have shown that its former decade’s high spending is no longer possible with the rapidly depleting state coffers and widening deficit. Hit hard by a sharp drop in oil prices on the international and the […]

Bharti Airtel to give Tanzania bigger stake in Airtel Tanzania

Tanzania’s President’s office last weekend said India’s Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government. If confirmed, Tanzania government’s holding in the mobile phone operator will rise to 49 percent from 40 percent. According to local media, the announcement followed talks in Dar es Salaam between President […]