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Zimbabwe tightens coronavirus lockdown in capital Harare as cases hit 203

Zimbabwean troops and police on Tuesday tightened the coronavirus lockdown in the capital Harare, blocking many cars and buses from entering the central business district as cases of infections increased.

Central Bank of Nigeria cuts benchmark lending rate to 12.5%

Nigeria’s central bank cut its benchmark lending rate to 12.5% from 13.5%, the central bank governor said on Thursday.

Kenyan government under fire over coronavirus quarantine centres

Kenya’s government is facing growing criticism over quarantine centres it set up to curb the spread of the coronavirus, with witnesses saying some are squalid and expose residents to the risk of catching COVID-19.

Mozambique records first COVID-19 death

Mozambique has confirmed its first COVID-19 death, the health ministry on Monday said.

S&P predicts the South African economy to shrink 4.5% in 2020

JOHANNESBURG (Reuters) - S&P Global Ratings on Friday said it projects South Africa’s economy to shrink by 4.5% this year as a result of the COVID-19 pandemic that has impacted...

Memorandum shows SAA administrators will not sell assets without involving govt

Administrators at state-owned South African Airways (SAA) will not sell assets for an interim period without involving the government, a memorandum signed by one of the administrators and the public enterprises ministry showed.

South Africa’s Vodacom reports 8.9% jump in full-year earnings

South African mobile operator Vodacom Group reported a 8.9% rise in annual earnings on Monday, buoyed by an improved second half performance in its domestic market and the sustained growth of its international businesses.

Zimbabwe gets $7m COVID-19 lifeline from World Bank

The World Bank will grant $7 million to Zimbabwe to help it fight the new coronavirus outbreak that is expected to worsen an already struggling economy and food crisis, a bank spokesman said on Wednesday.