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Mauritius Holds Some Rs 1 000 Billion in Foreign Currency, Indicates Finance Minister

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The Finance Minister believes that in the context of this unprecedented crisis, this increase in official reserves will enable the country to deal with the economic shock of Covid-19 with more serenity.

He also indicated that at the end of March 2020, the local commercial banks held foreign currency assets of some Rs 780 billion.

As for net foreign currency assets of commercial banks, for that same period, they stood at Rs 400 billion, or 10 billion USD, he stated.

Commenting the inclusion of Mauritius in the list of High Risk Third Countries issued by the European Commission, the Finance Minister reiterated Government's view that the list is not yet final and needs to be submitted to the European Parliament and the European Union (EU) Council of Ministers for approval,

As for the balance of payments estimates, he indicated that according to preliminary forecasts by the Bank of Mauritius, the current account deficit will be between 11% and 15% of GDP.

Dr Padayachy stressed that in the current context, the COVID-19 (Miscellaneous Provisions) Billwill introduce the possibility for the Board of Directors of the Bank of Mauritius to invest, at its discretion and in full independence, in the Mauritian economy.

Source: allAfrica.com
Madagascar
National name: Repoblikani Madagasikara
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Source: Fact Monster - Black History
Mauritius: Senegal Nixes 'Unbalanced' Tax Treaty With Mauritius
Senegal, one of West Africa’s largest economies, has torn up its tax treaty with Mauritius as debate rages over the island tax haven’s impact on developing
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Source: allAfrica.com
Chinese national shoots Zimbabwean employee five times over salary dispute
A Chinese national in Zimbabwe has been charged with attempted murder after shooting an employee five times and wounded another during a standoff with workers over outstanding
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Source: Face2Face Africa - The Premier Pan-African Voice
Sponsored by Pride Academy
Eritrea: COVID-19 - Eritrea Flattens Curve in Less Than Two Months
Eritrea on Friday claimed that it had brought the number of coronavirus infections down to zero, becoming the first East African country to win the battle against the deadly disease, at least for
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Source: allAfrica.com
Ghana Tourism Officials Urges African Americans To ‘Come Home’ In Response To Police Violence
Demonstrations around the world in response to the police killing of George Floyd have sparked calls for change and the West African nation of Ghana has been no
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Source: Celebrities, Music, News, Entertainment, TV Shows & Videos | BET
Sponsored by Intellitech
Ethiopia coronavirus: 306 cases, how about 100 cases hit in a week
May 16: Cases pass 300 mark
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Mauritius records two new COVID-19 cases since April 26
Mauritius has registered two new cases of Covid-19, the first since 26 April, involving two people recently repatriated from India who had been quarantined on their return, local health authorities announced Sunday evening
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Sponsored by National Association of Black Accountants (NABA) Boston Metropolitan Chapter
Ghana coronavirus: 7,117 cases as Accra hits 5,000; MPs infection controversy
Total confirmed cases = 7,117 (new cases
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Africa virus stats: 359,606 cases; 9,283 deaths; 172,974 recoveries
There are now more than over 350,000 confirmed cases of coronavirus across the continent, with a number of African countries imposing a range of prevention and containment measures against the spread of the
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Source: Africanews | Latest breaking news, daily news and African news from Africa
EDITORIAL: Address farmers’ woes
EDITORIAL: Address farmers’ woes
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Source: Business Daily
Mauritius lifts virus lockdown but beaches, borders remain closed
May 30: Mauritius ends lockdown
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Ghana coronavirus: 7,768 cases, infections hit Jubilee oil fields
Total confirmed cases = 7,768
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Source: Africanews | Latest breaking news, daily news and African news from Africa
New Comesa plan set to ease movement of goods
The electronic certificate of origin (eCO) System, developed under the Common Market for Eastern and Southern Africa (Comesa) digital free trade area will fast-track movement of goods, enhancing intra-regional
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Source: Business Daily
Extraordinary resilience 'Butch' Stewart praises tourism emp
Gordon “Butch” Stewart has praised Jamaica's tourism employees for their “extraordinary resilience” in facing the COVID-19 pandemic, and wished them an even better future, as the industry slowly begins to
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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com
Sponsored by Eastern Bank
Ghana coronavirus: 6,269 cases, 'learn to live with virus' - prez urges
Total confirmed cases = 6,269 (new cases
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Bank of England says sorry for slave links as UK faces past
LONDON, England (AP) — The Bank of England has apologised for the links some of its past governors had with slavery, as a global anti-racism movement sparked by the death of George Floyd forces many British institutions to confront uncomfortable truths about their
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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com
Sponsored by National Association of Asian American Professionals (NAAP) Boston Chapter
African states yet to reach peak infection rate
The number of Africans who have tested positive for Covid-19 has hit 100,000 and health experts warn that the continent is yet to reach the peak of its infection
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Source: The East African
Eritrea officially virus-free with 100% recoveries, zero deaths
Total confirmed cases = 39
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Namibia: State of The Nation Address by His Excellency Dr. Hage G. Geingob, President of The Republic Of Namibia
Windhoek
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Source: allAfrica.com
Sponsored by Center for Critical Race and Digital Studies
Zim dollar drops 129% after first forex auction in 16 years
The Zimbabwe dollar fell 129% on Tuesday after officials switched to a currency auction trading system from the previous
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Source: https://www.news24.com
Sponsored by Christo Rey New York High School
Mauritius ends virus lockdown: beaches reopen, borders still closed
June 13: Mauritius lifts lockdown, beaches to reopen
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Africa
Africa ăf´rĭkə [key], second largest continent (2009 est. pop. 1,010,000,000), c.11,677,240 sq mi (30,244,050 sq km) including adjacent islands. Broad to the north (c.4,600 mi/7,400 km wide), Africa straddles the equator and stretches c.5,000 mi (8,050 km) from Cape Blanc (Tunisia) in the north to
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Source: Fact Monster - Black History
Sponsored by Eastern Bank
Coronavirus in Africa: 81,608 cases; 2,708 deaths; 31,122 recoveries
There are now more than over 80,000 confirmed cases of coronavirus across the continent, with a number of African countries imposing a range of prevention and containment measures against the spread of the
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Sponsored by Eastern Bank
Pension funds tax: Panic or hunt for revenues?
The push to suspend interest income on pension funds’ holdings of government securities to shore up Covid-19 projects seemed
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Source: Business Daily
Stars gather for online festival to combat hunger in Amazon rainforest
More than a million Brazilians have been diagnosed with COVID-19, many of them indigenous people in the Amazon
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Source: Dallas Post Tribune – Serving the Black community without fear or favor since 1947.
Perry, Robert C. (1945- )
Robert Perry was born in Durham, North Carolina in 1945.  He graduated from Hillside High School in that city in 1963. During his time in high school, Perry played in the marching band, was a member of the Honor Society, and served as president of his sophomore and senior classes. He was an acolyte
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Source: Black Past
WATCH: Stars gather for online festival to combat hunger in Amazon rainforest
More than a million Brazilians have been diagnosed with COVID-19, many of them indigenous people in the Amazon
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Source: Dallas Post Tribune – Serving the Black community without fear or favor since 1947.
WACHIRA: How Trump presidency has impacted the world
Global order as we have known it for many years has been shaken by Mr Trump into situations of uncertainty and sometimes "chaos" especially in areas of global protocols, geopolitics, trade, and political governance
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Source: Business Daily
Sponsored by BARBinc
Ghana coronavirus: 5,918 cases, update on hot spots, jumbo recoveries awaited
May 19: govt to explain boom recoveries and address hot spot case management
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Barack Obama to deliver special message at Stonewall Day virtual event
(Photo by Getty Images/Getty Images for EIF
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Source: theGrio

Education Facts

  • Kappa Alpha Psi Fraternity (1911- )
  • Iota Phi Theta - National History
  • History of Sigma Gamma Rho Sorority
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  • History
  • History
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  • Howard University Hospital Opens Free COVID-19 Testing Site In Northeast Washington D.C.

American Civil War Facts

  • National Negro Convention Movement
  • Rev. George Leile
  • Booker T. Washington
  • DeGrasse, John Van Surly (1825-1868)
  • (1879) John Mercer Langston, “The Exodus: The Causes Which Led The Colored People of the South to Leave Their Homes – The Lesson
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  • Executive Order 9808
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Martin Luther King Jr. Facts

  • Martin Luther King Jr.
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Democratic Party Facts

  • Travis, Geraldine Washington (1931- )
  • Patrick, Deval L. (1956 - )
  • (1860) Frederick Douglass, “the Constitution of the United States: Is It Pro-Slavery or Anti-slavery?”
  • Watson, Barbara Mae (1918-1983)
  • Clay, William Lacy, Sr. (1931- )
  • Has President Obama Changed the Way Washington Works?
  • Paterson, David A. (1954- )
  • South Carolina Constitutional Convention adopted
  • Bosley, Freeman Roberson, Jr. (1954- )
  • Funny Barack Obama Videos and Viral Clips

Southern United States Facts

  • Reconstruction of the South began with the
  • Fort Mose (Florida)
  • (1871) Congressman Joseph H. Rainey, “Speech Made in Reply to An Attack Upon the Colored State Legislators of South Carolina..."
  • Ebony Magazine
  • Black Indians in the United States
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  • Officers killed three students during
  • Anti-lynching Bill Proposed
  • A Demonstration Led by NAACP
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