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.
In a bid to reduce air pollution, road safety champion, Joseph Beyanga commonly known as Joe Walker alongside State Minister for Kampala and Metropolitan affairs, Mr....
By Monitor Reporter The Nation Television (NTV) journalist Edward Muhumuza has died in a car crash along Entebbe Expressway. The accident involving a Toyota Passo car...
A Police Constable (PC) in Karenga district has allegedly shot a 22-year-old woman in the leg after a misunderstanding. Mike Longole, the Mt. Moroto region acting...
Moslems have lauded parliament for standing strong to pass the controversial Anti-homosexuality Bill, urging President Museveni to assent to it. The head of Jumiat Dawa Al...
Civil Society Organizations have protested before the Financial Intelligence Authority to have them removed from the list contained in the Anti-money Laundering Act, which makes them...
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