Remittances to Sub-Saharan Africa decline 23.1% due to COVID-19, says World Bank

The World Bank says remittances to Sub-Saharan Africa will decline by about 23.1% in 2020 to reach US$37 billion owing to the effects of COVID-19 which has affected the global economy. In a statement, the bank attributed the decline largely to a fall in the wages and employment of migrant workers, who tend to be …

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Remittances to Sub-Saharan Africa decline 23.1% due to COVID-19, says World Bank

The World Bank says remittances to Sub-Saharan Africa will decline by about 23.1% in 2020 to reach US$37 billion owing to the effects of COVID-19 which has affected the global economy. In a statement, the bank attributed the decline largely to a fall in the wages and employment of migrant workers, who tend to be …

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Wither Zim’s debt plan

By Staff Writer Zimbabwe’s prospects of accessing long-term concessionary funding from international financial institutions has been thrown into disarray after the southern African country missed key benchmarks in its reform drive, analysts have warned. The country is saddled with a debt stock of $16,9 billion, with external debt accounting for approximately $7,4 billion. Out of …

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Sanctions or Corruption: Zimbabwe Remains on a Self-Destructive Path

By Wisdom Mumera Two epochal things happened after the coup that toppled former President Robert Mugabe; strategic moves aimed at starting a new foreign policy and setting the new regime on a new course for success. The first was the disengagement from the sanctions mantra blaming every failure on the Western measures. In January 2018 …

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