Why is the Indian Ocean nation of Mauritius far wealthier than its fellow, former British possession, and sugar based economy, Fiji? Both countries developed similar economies and grew in much the same way for more than 100 years. In the late 1970s and early 1980s Fiji had the stronger economy, but not now. Last year

Adds detail, quote, shares JOHANNESBURG, June 7 (Reuters) – South African lender FirstRand FSRJ.J on Monday said its second-half earnings would be higher than previously guided citing a quicker-than-expected economic rebound. The bank warned investors in March, when it said its first-half performance had beaten its expectations, not to expect a similar level of absolute earnings in the final six

The demographic profiles of countries like Kenya, where a high percentage of people are young, would suggest that it’s swiftly renewing its workforce with fresh talent. But this doesn’t seem to be the case. We conducted a study in a public sector organisation three years ago. We found that the bureau had an ageing workforce.

KEY POINTS The South African Reserve Bank said the economy was continuing to rebound from a 2020 recession that saw gross domestic product contract by 7%, its steepest decline for over a century. But it warned the outlook remains highly dependent on the pace of the vaccine rollout and possible resurgence of the virus, suggesting

The Bank of Ghana (BoG) has auctioned its own bills or short-term securities worth Ghs 5 million. The short-term security with a maturity period of 56 days was auctioned by the Central Bank on Monday, May 24, 2021. Per the auction results released by the BoG, it is unclear the value of bids made by

Some $885 million is expected to be accrued to government in revenues from crude oil production this year. The expected $885 million is a significant recovery from the $666.4 million (GH¢3.8 billion) petroleum revenue received by government at end-December 2020 due to the impact of the Covid pandemic. Anticipated increment in petroleum revenue is expected

Parliament, throughAct 1068 passed into existence the 1% Covid Health Recovery Levy on all goods and services consumed in the country. The 1% Covid Health Recovery Levy according to government is to help raise revenue to support Covid-19 related expenditure and also help improve the country’s current fiscal situation. The introduction and subsequent passage of the

The International Monetary Fund is responding to the policy challenges of a fast-changing global economy still reeling from the COVID-19 crisis: it is modernizing the way it provides its regular policy advice to member countries—a process known as surveillance. The regular health check of members’ economies, known as the Article IV consultations, will continue to cover