Zambia faces a crucial vote that could see it become the first African country to default on sovereign debt payments since the outbreak of the coronavirus was declared a global pandemic almost eight months ago. Holders of its $3 billion in Eurobonds attending meetings at a law company in London
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The Executive Board of the International Monetary Fund (IMF) Wednesday approved a disbursement of US$52.3 million (about UShs193.5bn) or 15 percent of its SDR quota) to South Sudan under the Rapid Credit Facility (RCF) . This is the first Fund supported financial assistance provided to South Sudan since it joined
Read MoreChina's Sinovac vaccine has been administered in late-stage trials in Brazil, Indonesia and Turkey/Getty Images The final-stage trial of a Chinese frontrunner vaccine candidate has been halted in Brazil due to a serious adverse event, the first time that any of the Asian nation’s rapidly developed Covid-19 shots have met
Read MoreThe first effective coronavirus vaccine can prevent more than 90% of people from getting Covid-19, a preliminary analysis shows. The developers - Pfizer and BioNTech - described it as a "great day for science and humanity". Their vaccine has been tested on 43,500 people in six countries and no safety
Read MoreJoe Biden Says ‘Let’s Give Each Other A Chance’ As He Vows To ‘Unify’ America In Victory Speech
Joe Biden (pictured) has said it is "time to heal" the US in his first speech as president-elect, vowing "not to divide but to unify" the country. "Let's give each other a chance," he said at an event in Delaware addressing those who did not vote for him. Mr Biden
Read MoreUS President Donald Trump US President Donald Trump's spiritual adviser Paula White-Cain says "angels have been released" from Africa and South America to help him win. During a fervent prayer service, she says: "I hear a sound of victory. The Lord says it is done. For I hear, victory, victory,
Read MoreThe IMF Managing Director, Kristalina Georgieva The Kingdom of Morocco, the World Bank Group and the International Monetary Fund (IMF) announced today that the planned World Bank Group-IMF Annual Meetings scheduled to take place in Marrakesh , Morocco, in October 2021 will be postponed by 12 months until 2022 due
Read MoreTanzania’s President John Magufuli has been sworn in for a second term following his victory in last week's disputed election. President Magufuli and Vice President Samia Suluhu Hassan took oath of office separately in Dodoma’s Jamhuri Stadium. The ceremony was witnessed by dozens of Tanzanians alongside foreign dignitaries. https://twitter.com/TZMsemajiMkuu/status/1324260525069475841?s=20 In
Read MoreTrump Withdraws America From Paris Climate Agreement As Election Rumbles On, Biden Promises To Rejoin If Elected
On Wednesday, as he waits to see whether he will serve a second term as president, Donald Trump (pictured) made good on his long-standing promise to withdraw the U.S. from the Paris climate agreement, making it the only country to withdraw from the international treaty designed to curb global warming,
Read MoreThe head of the World Health Organization (WHO) said on Sunday he was self-quarantining after someone he had been in contact with tested positive for Covid-19. Tedros Adhanom Ghebreyesus (pictured) said he had no symptoms. "I have been identified as a contact of someone who has tested positive for Covid-19.
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