The spread of the virus prompted investors to take decisive action on Friday, when global markets plummeted again. The Dow Jones suffered its biggest one day fall on Thursday, plunging 1,190 points, or 4.4%, with analysts warning the virus could cause as much damage as the 2008/09 global financial crisis. Shares followed suit in the Asian trading session on Friday while Brent crude was poised to dip below $50 a barrel for the first time in four years. … [Read more...] about Coronavirus found in sub-Saharan Africa as WHO says spread could ‘get out of control’
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The formation of a transitional government is not enough if it does not adhere to a new set of political institutions that will advance the interests of the citizenry. Such an approach entails the development of intellectual resources that cultivate possibilities for peaceful coexistence. After all, nations and states are imagined and made, not inherited by their populations. They are made by a multitude of communities who voluntarily agree, despite their diversities, to live together, governed by a set of shared values and institutions. … [Read more...] about The trouble with South Sudan’s transitional government
According to the Chinese Embassy in Kampala, until this year, the China-Africa Development Fund has invested more than 4.6 billion dollars in more than 90 projects in 36 African countries, covering infrastructure, capacity equipment, agriculture, people's livelihood, energy and resource development and other fields. … [Read more...] about Roundup: China-Africa cooperation to yield more results through Belt and Road Initiative
The premium investors demand to hold its dollar debt shows a similar picture at around 360 basis points - in line with ‘B’ rating-bracket countries like Pakistan, Jamaica and Mongolia, and far higher than other EM heavyweights Turkey and Brazil. … [Read more...] about The Moody’s blues: How low could South Africa’s rating go?
Marnus Labuschagne will be supported by several of his South African family when he plays for Australia in the first one-day international against South Africa at Boland Park on Saturday. Some of those family members share his surname -- but not the way it is pronounced. It has been a source of some amusement for South Africans to hear the way Australia's rising batting star's name is pronounced -- Lab-u-shane, quite different from the more guttural Afrikaans Lab-u-scargh-nay. "Lab-u-shane is my taken name now because I'm Australian," he said on Friday in his first press conference in the land of his birth. … [Read more...] about Exciting To Play In Front Of My Family In South Africa, Says Marnus Labuschagne