IMF revises Sub-Saharan countries’ 2019-2020 growth forecasts

The International Monetary Fund (IMF) in a report released on Wednesday announced that the economy of Sub-Saharan countries should rise this year. In its World Economic Outlook Update, titled ‘A Weakening Global Expansion’, the Washington-based Fund indicated that economic growth in Sub-Saharan Africa should pick up in 2019, forecasting a 3.5 per cent growth for […]

Sudan Poverty Rate Nears 70% as War Deepens Humanitarian Collapse

Around seven in ten people in Sudan are now living in poverty, according to the United Nations Development Programme, nearly doubling from about 38% before the conflict began three years ago. UNDP’s Sudan representative Luca Renda said the estimates are based on a poverty line of roughly $4 per day, with at least a quarter […]

Cyril Ramaphosa scraps Davos plans over energy crisis at home

South African President Cyril Ramaphosa has cancelled plans to take part in World Economic Forum (WEF) in Davos because of the energy crisis affecting the country. Vincent Magwenya, spokesman of the South African president said Ramaphosa will remain home to hold talks with Eskom and political leaders. Earlier reports said he would lead a government […]