Record fall in employment as activity continues to decline

July 12, 2020/Mediacraft Stanbic IBTC Report Key findings Sharpest reduction in employment in survey’s history Output and new orders fall, but at weaker rates Business sentiment at new low The Nigerian private sector has remained in decline at the end of the second quarter of the year, with the coronavirus […]

Egypt Takes Proactive Approach to Limit the Pandemic’s Fallout

IMF Country Focus July 9, 2020/IMF As part of Egypt’s two-step request for IMF financing to respond to COVID-19, $5.2 billion was approved under the 12-month Stand-by Arrangement (SBA).  Financing under the SBA follows the $2.8 billion approved in May under the IMF’s Rapid Financing Instrument. Reforms aim to preserve […]

Oil Returns To $40 After COVID Correction

July 10, 2020/OilPrice.com Oil prices fell on Thursday as COVID-19 cases continued to spike in the U.S., which the IEA  highlighted as a major threat to oil markets in today’s report, but prices were quick to return to the $40 mark on Friday. Friday, July 10th, 2020 Oil posted a […]