In India, demand for fuel in July dropped 10.8% from a year earlier, the fifth month of year-on-year declines, government data showed on Tuesday as a rise in coronavirus cases and floods in many parts of the country restricted economic activity.
Rwanda's Prime Minister, Edouard Ngirente declared a countrywide lockdown and only essential services will be allowed to remain in operation. Moreover, Trade and Industry ministry has moved to regulate prices of foods items, sanitation and pharmaceutical commodities after the coronavirus outbreak sent their costs soaring. Economic Analyst, Ted Kaberuka joins CNBC Africa for more.
Traders say Federal Account Allocation Committee (FAAC) inflows valued at 320 billion naira bolstered market liquidity in Nigeria’s Money Market as the Central Bank of Nigeria auctioned T-bills worth 89 billion naira on Wednesday. Nnamdi Olisaeloka, Fixed Income, Currencies and Commodities Analyst at Zedcrest Capital joins CNBC Africa for more.
South Africa's Competition Commission said on Sunday that it had asked the Competition Tribunal to fine construction materials group Afrimat for allegedly "abusing its dominance by charging excessive prices."
"The Commission is seeking...
Bakers are authorised to sell bread at subsidised rates to customers with these temporary cards, but the government announced last week that the ration for them would be decreased from five loaves to three.
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