COVID-19 in Africa: WHO Urges Constant Vigilance as Cases Top 200,000
COVID-19 is accelerating in Africa, with more than 200,000 cases and more than 5,600 deaths, the regional office for the World Health Organization (WHO) reported on Thursday.
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- businessweekly
- June 15, 2020
- 59 views
Another bullrun in the offing for ZSE
With Government recently activating the $18 billion stimulus package to soften the effects of the coronavirus (Covid-19) pandemic, observers say this might largely function as liquidity for the Zimbabwe Stock Exchange (ZSE).
Brazil’s coronavirus death toll now world’s highest- Al Jezeera
Brazil’s coronavirus death toll overtook Britain’s on Friday to become the second highest in the world, but the World Health Organization (WHO) said the nation’s health system was standing up to the pressure.
- businessweekly
- June 15, 2020
- 84 views
Outlook for Zimbabwe’s Shadow Economy
According to the Labour Force and Child Labour Survey report (Zimstats, 2019), at least 2,9 million of the 3,4 million economically active age group are employed under the new internationally conceded definition of employment. The employed are defined as all those of working age from 15 years and above who produce goods and services for a profit. At least 84 percent of Zimbabwe’s economically active population is employed or self-employed within the formal and informal sectors, giving an official unemployment rate of 16 percent. The informal sector dominates, employing 2,2 million (76 percent) of the total employed population.
- businessweekly
- June 15, 2020
- 119 views
Zim gets first cigar manufacturer
Mosi – Oa – Tunya Cigars is Zimbabwe’s first cigar producer, moving into a market niche that will help plug a value-addition gap in the country’s renowned tobacco industry.
- businessweekly
- June 15, 2020
- 55 views
Fitch sees SA economy contracting 5.5% this year
Ratings agency Fitch said on Friday it expected South Africa’s economy to shrink 5.5% this year, as the coronavirus lockdown batters an economy already in recession.
- businessweekly
- June 15, 2020
- 57 views
Stock market has almost always ignored the economy
The US stock market is fiddling while America burns, or so it seems to a lot of people.
- businessweekly
- June 15, 2020
- 46 views
Jobs gone, investments wasted: Africa’s deserted safaris leave mounting toll
When Khimbini Hlongwane spent most of his small safari tour company’s savings on the deposit for a new minibus in February, it seemed like a safe bet. His revenues had doubled in the previous year. And bookings by American, British, and Brazilian tourists hoping to catch a glimpse of elephants, giraffes and lions at South Africa’s famous Kruger National Park were up.
Engagement is not surrender
Some compatriots are confusing the New Dispensation’s re-engagement and engagement thrust as some kind of surrender.
President leads nation in prayer
AT a time when the world is adapting to a new normal birthed by the deadly coronavirus contagion, a virus that has no known cure, President Mnangagwa will today lead the nation in prayer and fasting as the country seeks divine answers to a disease that has turned lives upside down and wrecked economies globally.