South Africa has regained the title of Africa’s largest economy, two years after Nigeria rebased its economy to claim the spot, according to IMF data.
A recalculation using current exchange rates put South Africa on top because the rand has strengthened against the dollar.
Nigeria’s currency has fallen sharply since a peg to the dollar was dropped.
But BBC Africa Business Report editor Matthew Davies says both economies could be on the brink of recession.
Former presidential candidate, Dr Kizza Besigye and his co-accused Samuel Lubega Mukaaku have been granted a cash bail of Shs2.5 million each and ordered not to...
By Prossy Kisakye The ruling NRM party's top organ, the Central Executive Committee (CEC) is today expected to sit to among other things; vet the aspirants...
By Ritah Kemigisa The leadership of the National Teachers Union (UNATU) is today set to meet officials from the ministry of public service to negotiate for...
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By Prossy Kisakye Women rights activists have called for equitable and quality education for the girl child in the country. The call comes as the...
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