South Africa’s auto industry could cut up to 10% of workforce due to lockdown: survey

“South Africa’s auto industry might have to lay off up to 10% of its workforce because of a three-week lockdown, according to an industry-wide survey provided to Reuters by the National Association of Automobile Manufacturers of South Africa (NAAMSA). The survey, dated April 8, estimates the 21-day national lockdown could lead to job losses of between 1% and 10%, which could rise to between 21% and 30% if it is extended until the end of May.”

via Reuters

Botswana’s entire parliament quarantined after coronavirus scare

“All Botswana’s parliamentarians including President Mokgweetsi Masisi will be quarantined for 14 days and tested for the new coronavirus, after a health worker screening lawmakers for the virus herself tested positive. The health worker had checked the temperatures of some of the lawmakers on Wednesday during a special sitting of parliament.”

via Reuters

Nigeria seeks $6.9 bln from lenders to fund coronavirus fight

“Nigeria has requested $6.9 billion from multilateral lenders to combat the impact of the coronavirus pandemic on Africa’s biggest economy, the finance minister said on Monday. Nigeria, whose revenues have tumbled with the fall in oil prices, has asked for $3.4 billion from the International Monetary Fund, $2.5 billion from the World Bank and $1 billion from the African Development Bank (AfDB), Zainab Ahmed said.”

via Reuters

Uganda slashes main interest rate to 8% as coronavirus hurts economy

“Uganda’s central bank cut its policy rate by 100 basis points on Monday to 8% to support the economy which has been hit by the impact of the coronavirus outbreak. The bank also said it now expected economic growth to ‘slow down drastically,’ to between 3 and 4% for the financial year to June, from a previous projection of 5.5-6%.”

via Reuters

Zimbabwe orders total lockdown from Monday to combat coronavirus

“Zimbabwe will impose a nationwide lockdown for 21 days from Monday to help curb the spread of the coronavirus, and security forces may be deployed to enforce it.”

via Reuters