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Nationwide protests have taken place since October 7 despite the disbanding of the controversial Special Anti-Robbery Squad (SARS) police unit.

The demonstrators have been accused of attacking police stations and personnel. 

The rallies which are mostly attended by young people have become avenues to vent against corruption and unemployment. 

Rights groups say at least 15 people have been killed the demonstrations began in early October.

","ShowFullContent":false,"FactText":null,"FactUrl":null,"RelatedIds":null,"OGImageUrl":null,"OGImageWidth":null,"OGImageHeight":null,"FavIconUrl":null,"FavIconWidth":null,"FavIconHeight":null,"IsLocal":false,"Type":null,"SummaryText":"Nigeria on Tuesday announced a 24-hour curfew over Lagos as protests over police brutality continued to expand. \n\nOn Monday, the protestors moved to occupy Lagos' international airport, nearly bringing the city of 14m to a standstill. \n\nAnnouncing the curfew, Lagos state governor Babajide Sanwo-Olu said the measures were necessary to restore order. \n\nI, therefore, hereby impose a 24-hour curfew on all parts of the State as from 4pm today, 20th October,2020. Nobody, except essential service providers and first responders must be found on the streets.\r\n— Babajide Sanwo-Olu (@jidesanwoolu) October 20, 2020 \n\n\nNationwide protests have taken place since October 7 despite the disbanding of the controversial Special Anti-Robbery Squad (SARS) police unit. \n\nThe demonstrators have been accused of attacking police stations and personnel.  \n\nThe rallies which are mostly attended by young people have become avenues to vent against corruption and unemployment.  \n\nRights groups say at least 15 people have been killed the demonstrations began in early October.","MaxDetailCharacters":300,"ImageUrl":"https://cdn.blackfacts.net/uploads/blackfacts/facts/2020/10/61f19e72-28f2-44b2-a528-4b42cf940ccc.jpg","ImageHeight":538,"ImageWidth":1024,"ImageOrientation":"landscape","HasImage":true,"CssClass":"","Layout":"","Rowspan":1,"Colspan":1,"Likes":0,"Shares":0,"ContentSourceId":"42C8FAC1-E2C7-4A09-8CA5-16C843DEC99E","SourceName":"Africanews | Latest breaking news, daily news and African news from Africa","ContentSourceRootUrl":"https://www.africanews.com","ContentSourceIcon":null,"SponsorId":null,"IsSponsored":false,"SponsorName":null,"SmallSponsorLogoUrl":null,"SponsorUrl":null,"HasSmallSponsorLogo":false,"EffectiveDate":"2020-10-20T00:00:00","HasEffectiveDate":true,"MonthAbbrevName":"Oct","FormattedDate":"October 20, 2020","Year":2020,"Month":10,"Day":20,"LastUpdatedDate":"2023-11-25T05:14:39.027","LastUpdatedBy":"rssimporter@blackfacts.com","IsEditable":false,"InsertAd":false,"JSONFactData":"{\"date\":\"2020-10-20T15:34:03Z\"}","JsonExtData":{"date":{"ValueKind":3}},"Html":null,"Css":null,"Script":null,"ScriptHash":null,"Id":167817,"FactUId":"BED52C91-ECD1-4F16-8DBA-4D5F27FA1BF3","Slug":"lagos-imposes-24-hour-curfew-as-anti-police-marches-expand-in-nigeria-africanews","FactType":"News","VirtualSiteSlug":"blackfacts","Title":"Lagos imposes 24-hour curfew as anti-police marches expand in Nigeria | Africanews","LocalFactUrl":"/fact/lagos-imposes-24-hour-curfew-as-anti-police-marches-expand-in-nigeria-africanews","ResultCount":200,"SearchType":"OmniSearch.RelatedId"},{"FadeSummary":true,"SponsorRedirectUrl":null,"SourceRedirectUrl":"https://ai.blackfacts.com/redirect/ContentSource/42c8fac1-e2c7-4a09-8ca5-16c843dec99e/5a31332e-b592-4927-a0e6-9d6c1b930310/https%3A%2F%2Fwww.africanews.com","DisplayText":"

Voters in Seychelles are starting to cast their ballots in the presidential and national assembly elections.

It comes at a crucial time for the nation of 115 islands off East Africa, Voters will decide if President Danny Faure will be elected for the first time after taking over from predecessor James Michel, who resigned.

His People's Party, which has been in power since 1977 also faces an unprecedented challenge

The vote will run across three days across the islands.

Faure is facing two rivals. The main one is Wavel Ramkalawan of the Linyon Democratik Seselwa (Seychelles Democratic Alliance) opposition party, the majority party in parliament after winning 19 of 34 seats in the last election.

He is an Anglican priest and has run for president six times

But the opposition parties have not managed to unite in this election.

The other candidate is Alain St Ange, who was in the opposition before joining the government tourism minister.

He is running for the One Seychelles party which he created a year ago.

The main concern for the voters is the economy, which has slowed due to the coronavirus pandemic.

About 700 people have lost their jobs, according to government figures. The idyllic islands famed for their white beaches are a hub for tourism, particularly with those on their honeymoon.

But the coronavirus pandemic has closed borders, hampering the key tourism industry. 

Another key theme of the campaign has been corruption, a largely taboo topic in the tiny country where everyone knows everyone and business and politics are often intertwined.

The Seychelles is classed by Transparency International as being perceived as the least corrupt country in Africa and among the 30 least corrupt in the world.

However it is also a tax paradise housing numerous offshore companies.

","ShowFullContent":false,"FactText":null,"FactUrl":null,"RelatedIds":null,"OGImageUrl":null,"OGImageWidth":null,"OGImageHeight":null,"FavIconUrl":null,"FavIconWidth":null,"FavIconHeight":null,"IsLocal":false,"Type":null,"SummaryText":"Voters in Seychelles are starting to cast their ballots in the presidential and national assembly elections. \n\nIt comes at a crucial time for the nation of 115 islands off East Africa, Voters will decide if President Danny Faure will be elected for the first time after taking over from predecessor James Michel, who resigned. \n\nHis People's Party, which has been in power since 1977 also faces an unprecedented challenge \n\nThe vote will run across three days across the islands. \n\nFaure is facing two rivals. The main one is Wavel Ramkalawan of the Linyon Democratik Seselwa (Seychelles Democratic Alliance) opposition party, the majority party in parliament after winning 19 of 34 seats in the last election. \n\nHe is an Anglican priest and has run for president six times \n\nBut the opposition parties have not managed to unite in this election. \n\nThe other candidate is Alain St Ange, who was in the opposition before joining the government tourism minister. \n\nHe is running for the One Seychelles party which he created a year ago. \n\nThe main concern for the voters is the economy, which has slowed due to the coronavirus pandemic. \n\nAbout 700 people have lost their jobs, according to government figures. The idyllic islands famed for their white beaches are a hub for tourism, particularly with those on their honeymoon. \n\nBut the coronavirus pandemic has closed borders, hampering the key tourism industry.  \n\nAnother key theme of the campaign has been corruption, a largely taboo topic in the tiny country where everyone knows everyone and business and politics are often intertwined. \n\nThe Seychelles is classed by Transparency International as being perceived as the least corrupt country in Africa and among the 30 least corrupt in the world. \n\nHowever it is also a tax paradise housing numerous offshore companies.","MaxDetailCharacters":300,"ImageUrl":"https://cdn.blackfacts.net/uploads/blackfacts/facts/2020/10/6a4b87bc-57c6-4c00-ba35-51376da955fe.jpg","ImageHeight":538,"ImageWidth":1024,"ImageOrientation":"landscape","HasImage":true,"CssClass":"","Layout":"","Rowspan":1,"Colspan":1,"Likes":0,"Shares":0,"ContentSourceId":"42C8FAC1-E2C7-4A09-8CA5-16C843DEC99E","SourceName":"Africanews | Latest breaking news, daily news and African news from Africa","ContentSourceRootUrl":"https://www.africanews.com","ContentSourceIcon":null,"SponsorId":null,"IsSponsored":false,"SponsorName":null,"SmallSponsorLogoUrl":null,"SponsorUrl":null,"HasSmallSponsorLogo":false,"EffectiveDate":"2020-10-22T00:00:00","HasEffectiveDate":true,"MonthAbbrevName":"Oct","FormattedDate":"October 22, 2020","Year":2020,"Month":10,"Day":22,"LastUpdatedDate":"2023-11-25T05:14:39.027","LastUpdatedBy":"rssimporter@blackfacts.com","IsEditable":false,"InsertAd":false,"JSONFactData":"{\"date\":\"2020-10-22T13:39:06Z\"}","JsonExtData":{"date":{"ValueKind":3}},"Html":null,"Css":null,"Script":null,"ScriptHash":null,"Id":167834,"FactUId":"497E535A-980B-4B00-B7CB-FFC975ADEED7","Slug":"seychelles-presidential-vote-begins-africanews","FactType":"News","VirtualSiteSlug":"blackfacts","Title":"Seychelles presidential vote begins | Africanews","LocalFactUrl":"/fact/seychelles-presidential-vote-begins-africanews","ResultCount":200,"SearchType":"OmniSearch.RelatedId"},{"FadeSummary":false,"SponsorRedirectUrl":null,"SourceRedirectUrl":"https://ai.blackfacts.com/redirect/ContentSource/3660bbff-78bb-4f53-9850-95912be55012/5a31332e-b592-4927-a0e6-9d6c1b930310/https%3A%2F%2Fcassiuslife.com","DisplayText":"

Where You Can Cop The Air Jordan V x Off-White

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(Reuters) - Manchester United said its priority was to allow fans to return to its Old Trafford stadium safely after the impact of the coronavirus crisis pushed it to an annual net loss of 23.2 million pounds ($30.3 million).

The article Manchester Utd count cost of coronavirus disruption appeared first on Stabroek News.

","ShowFullContent":false,"FactText":null,"FactUrl":null,"RelatedIds":null,"OGImageUrl":null,"OGImageWidth":null,"OGImageHeight":null,"FavIconUrl":null,"FavIconWidth":null,"FavIconHeight":null,"IsLocal":false,"Type":null,"SummaryText":"(Reuters) - Manchester United said its priority was to allow fans to return to its Old Trafford stadium safely after the impact of the coronavirus crisis pushed it to an annual net loss of 23.2 million pounds ($30.3 million).\r\n\nThe article Manchester Utd count cost of coronavirus disruption appeared first on Stabroek News.\r\n","MaxDetailCharacters":300,"ImageUrl":null,"ImageHeight":null,"ImageWidth":null,"ImageOrientation":"none","HasImage":false,"CssClass":"","Layout":"","Rowspan":1,"Colspan":1,"Likes":0,"Shares":0,"ContentSourceId":"D65E39F2-46CF-4DF4-8A97-E0229A9D152F","SourceName":"Stabroek News - Guyana's Most Trusted Newspaper","ContentSourceRootUrl":"https://www.stabroeknews.com","ContentSourceIcon":null,"SponsorId":"C0ECC1A0-0E1A-48A4-8C15-E9AFFAAB713B","IsSponsored":true,"SponsorName":"BARBinc","SmallSponsorLogoUrl":"24x24/barbinc-logo.png","SponsorUrl":"http://www.barbinc.com","HasSmallSponsorLogo":true,"EffectiveDate":"2020-10-22T00:00:00","HasEffectiveDate":true,"MonthAbbrevName":"Oct","FormattedDate":"October 22, 2020","Year":2020,"Month":10,"Day":22,"LastUpdatedDate":"2023-11-25T05:14:39.027","LastUpdatedBy":"rssimporter@blackfacts.com","IsEditable":false,"InsertAd":false,"JSONFactData":"{\"date\":\"2020-10-22T06:01:26Z\"}","JsonExtData":{"date":{"ValueKind":3}},"Html":null,"Css":null,"Script":null,"ScriptHash":null,"Id":168393,"FactUId":"DD4B9A2D-C458-410B-BEC4-B63FFD549B6D","Slug":"manchester-utd-count-cost-of-coronavirus-disruption--stabroek-news","FactType":"News","VirtualSiteSlug":"blackfacts","Title":"Manchester Utd count cost of coronavirus disruption - Stabroek News","LocalFactUrl":"/fact/manchester-utd-count-cost-of-coronavirus-disruption--stabroek-news","ResultCount":200,"SearchType":"OmniSearch.RelatedId"},{"FadeSummary":true,"SponsorRedirectUrl":null,"SourceRedirectUrl":"https://ai.blackfacts.com/redirect/ContentSource/42c8fac1-e2c7-4a09-8ca5-16c843dec99e/5a31332e-b592-4927-a0e6-9d6c1b930310/https%3A%2F%2Fwww.africanews.com","DisplayText":"

Observers from the African Union and the Economic Comunity of West African States (ECOWAS) have said Guinea was conducted transparently, despite opposition claims of irregularities. 

On Monday, opposition leader Cellou Diallo declared himself winner, saying his own tally gave him a first-round victory over president Alpha Conde.

Diallo’s claim was swiftly rejected by the electoral commission, which called it “premature” and “void”.

Addressing journalists in the capital, Conakry, Augustin Matata Ponyo, the AU’s head of mission in Guinea, said on Tuesday the ballot was held “in transparency”.

\"The elections were held in a transparent, secure, calm and peaceful environment, once again demonstrating the maturity of the Guinean people and political actors\", he asserted. 

Tension is building in the country ahead of the release of official results. Diallo's supporters have held celebrations in the capital. 

Francis Behanzin, ECOWAS' Peace and Security commissioner urged candidates \"to resort to legal avenues\" if they are aggrieved.

","ShowFullContent":false,"FactText":null,"FactUrl":null,"RelatedIds":null,"OGImageUrl":null,"OGImageWidth":null,"OGImageHeight":null,"FavIconUrl":null,"FavIconWidth":null,"FavIconHeight":null,"IsLocal":false,"Type":null,"SummaryText":"Observers from the African Union and the Economic Comunity of West African States (ECOWAS) have said Guinea was conducted transparently, despite opposition claims of irregularities.  \n\nOn Monday, opposition leader Cellou Diallo declared himself winner, saying his own tally gave him a first-round victory over president Alpha Conde. \n\nDiallo’s claim was swiftly rejected by the electoral commission, which called it “premature” and “void”. \n\n\nAddressing journalists in the capital, Conakry, Augustin Matata Ponyo, the AU’s head of mission in Guinea, said on Tuesday the ballot was held “in transparency”. \n\n\n\"The elections were held in a transparent, secure, calm and peaceful environment, once again demonstrating the maturity of the Guinean people and political actors\", he asserted.  \n\n\nTension is building in the country ahead of the release of official results. Diallo's supporters have held celebrations in the capital.  \n\n\nFrancis Behanzin, ECOWAS' Peace and Security commissioner urged candidates \"to resort to legal avenues\" if they are aggrieved.","MaxDetailCharacters":300,"ImageUrl":"https://cdn.blackfacts.net/uploads/blackfacts/facts/2020/10/845c9cac-dcde-42d4-bb49-50146ce42169.jpg","ImageHeight":538,"ImageWidth":1024,"ImageOrientation":"landscape","HasImage":true,"CssClass":"","Layout":"","Rowspan":1,"Colspan":1,"Likes":0,"Shares":0,"ContentSourceId":"42C8FAC1-E2C7-4A09-8CA5-16C843DEC99E","SourceName":"Africanews | Latest breaking news, daily news and African news from Africa","ContentSourceRootUrl":"https://www.africanews.com","ContentSourceIcon":null,"SponsorId":null,"IsSponsored":false,"SponsorName":null,"SmallSponsorLogoUrl":null,"SponsorUrl":null,"HasSmallSponsorLogo":false,"EffectiveDate":"2020-10-20T00:00:00","HasEffectiveDate":true,"MonthAbbrevName":"Oct","FormattedDate":"October 20, 2020","Year":2020,"Month":10,"Day":20,"LastUpdatedDate":"2023-11-25T05:14:39.027","LastUpdatedBy":"rssimporter@blackfacts.com","IsEditable":false,"InsertAd":false,"JSONFactData":"{\"date\":\"2020-10-20T19:33:05Z\"}","JsonExtData":{"date":{"ValueKind":3}},"Html":null,"Css":null,"Script":null,"ScriptHash":null,"Id":167819,"FactUId":"BC3F6FB5-CCA7-4A8C-825A-DC63E27652ED","Slug":"african-union-observers-endorse-guinea-poll-as-tension-builds-africanews","FactType":"News","VirtualSiteSlug":"blackfacts","Title":"African Union observers endorse Guinea poll as tension builds | Africanews","LocalFactUrl":"/fact/african-union-observers-endorse-guinea-poll-as-tension-builds-africanews","ResultCount":200,"SearchType":"OmniSearch.RelatedId"},{"FadeSummary":true,"SponsorRedirectUrl":null,"SourceRedirectUrl":"https://ai.blackfacts.com/redirect/ContentSource/42c8fac1-e2c7-4a09-8ca5-16c843dec99e/5a31332e-b592-4927-a0e6-9d6c1b930310/https%3A%2F%2Fwww.africanews.com","DisplayText":"

Ivory Coast's government says it has decided to favorably consider requests on the restructuring of the Independent Electoral Commission. 

The decision comes on  the proposal of the ECOWAS Peace and Security Commission chaired by General Francis Béhanzin.

The government also expressed its support for a meeting between the President Alassane Ouattara and the President of the PDCI, Henri Konan Bédié, with a view to the participation of the opposition in the presidential election of 31 October 2020.

The information was made public in a statement read by the Minister of Territorial Administration and Decentralization, Sidiki Diakité, at the end of a working session chaired by Prime Minister Hamed Bakayoko on Wednesday, October 21, 2020 in Abidjan. A meeting that brought together the government, the ECOWAS Peace and Security Commission and opposition political parties. The PDCI and the FPI did not respond to the invitation.

According to Sidiki Diakité, the government decided to consider favorably the requests on the restructuring of the Independent Electoral Commission (IEC) made by the opposition after exchanges with this ECOWAS commission. These requests relate to \"the integration of a fifth personality into the central commission of the IEC in the name of the opposition, the granting of a post of vice-president to the PDCI in the office of the central commission of the IEC and the recomposition of the local IECs\".

The participants also deplored the violent demonstrations that have been recorded in recent weeks and which have resulted in loss of life, serious injuries and significant property damage.

In addition, the government called on the political parties to lift, without delay, the watchword of civil disobedience, to commit themselves definitively to the path of dialogue and to work for a peaceful presidential election on Saturday, October 31, 2020.

Hamed Bakayoko thanked ECOWAS for its \"engagement with stakeholders to help move forward in the negotiations\".

The ECOWAS delegation led a ministerial mission of preventive diplomacy to Côte d'Ivoire from 18 to 19 October.

","ShowFullContent":false,"FactText":null,"FactUrl":null,"RelatedIds":null,"OGImageUrl":null,"OGImageWidth":null,"OGImageHeight":null,"FavIconUrl":null,"FavIconWidth":null,"FavIconHeight":null,"IsLocal":false,"Type":null,"SummaryText":"Ivory Coast's government says it has decided to favorably consider requests on the restructuring of the Independent Electoral Commission.  \n\nThe decision comes on  the proposal of the ECOWAS Peace and Security Commission chaired by General Francis Béhanzin. \n\nThe government also expressed its support for a meeting between the President Alassane Ouattara and the President of the PDCI, Henri Konan Bédié, with a view to the participation of the opposition in the presidential election of 31 October 2020. \n\nThe information was made public in a statement read by the Minister of Territorial Administration and Decentralization, Sidiki Diakité, at the end of a working session chaired by Prime Minister Hamed Bakayoko on Wednesday, October 21, 2020 in Abidjan. A meeting that brought together the government, the ECOWAS Peace and Security Commission and opposition political parties. The PDCI and the FPI did not respond to the invitation. \n\nAccording to Sidiki Diakité, the government decided to consider favorably the requests on the restructuring of the Independent Electoral Commission (IEC) made by the opposition after exchanges with this ECOWAS commission. These requests relate to \"the integration of a fifth personality into the central commission of the IEC in the name of the opposition, the granting of a post of vice-president to the PDCI in the office of the central commission of the IEC and the recomposition of the local IECs\". \n\nThe participants also deplored the violent demonstrations that have been recorded in recent weeks and which have resulted in loss of life, serious injuries and significant property damage. \n\nIn addition, the government called on the political parties to lift, without delay, the watchword of civil disobedience, to commit themselves definitively to the path of dialogue and to work for a peaceful presidential election on Saturday, October 31, 2020. \n\nHamed Bakayoko thanked ECOWAS for its \"engagement with stakeholders to help move forward in the negotiations\". \n\nThe ECOWAS delegation led a ministerial mission of preventive diplomacy to Côte d'Ivoire from 18 to 19 October.","MaxDetailCharacters":300,"ImageUrl":"https://cdn.blackfacts.net/uploads/blackfacts/facts/2020/10/e708f52e-2f6e-4a2e-abb9-dde39cd3b1e1.jpg","ImageHeight":538,"ImageWidth":1024,"ImageOrientation":"landscape","HasImage":true,"CssClass":"","Layout":"","Rowspan":1,"Colspan":1,"Likes":0,"Shares":0,"ContentSourceId":"42C8FAC1-E2C7-4A09-8CA5-16C843DEC99E","SourceName":"Africanews | Latest breaking news, daily news and African news from Africa","ContentSourceRootUrl":"https://www.africanews.com","ContentSourceIcon":null,"SponsorId":null,"IsSponsored":false,"SponsorName":null,"SmallSponsorLogoUrl":null,"SponsorUrl":null,"HasSmallSponsorLogo":false,"EffectiveDate":"2020-10-22T00:00:00","HasEffectiveDate":true,"MonthAbbrevName":"Oct","FormattedDate":"October 22, 2020","Year":2020,"Month":10,"Day":22,"LastUpdatedDate":"2023-11-25T05:14:39.027","LastUpdatedBy":"rssimporter@blackfacts.com","IsEditable":false,"InsertAd":false,"JSONFactData":"{\"date\":\"2020-10-22T14:19:35Z\"}","JsonExtData":{"date":{"ValueKind":3}},"Html":null,"Css":null,"Script":null,"ScriptHash":null,"Id":167837,"FactUId":"917EE7A6-0604-4B42-A47E-8304E59AF7EC","Slug":"ivory-coast-to-restructure-electoral-commission-ahead-polls-africanews","FactType":"News","VirtualSiteSlug":"blackfacts","Title":"Ivory Coast to restructure electoral commission ahead polls | Africanews","LocalFactUrl":"/fact/ivory-coast-to-restructure-electoral-commission-ahead-polls-africanews","ResultCount":200,"SearchType":"OmniSearch.RelatedId"},{"FadeSummary":true,"SponsorRedirectUrl":"https://ai.blackfacts.com/redirect/Sponsor/e1937d8b-561e-4826-8d6e-da76009d44da/5a31332e-b592-4927-a0e6-9d6c1b930310/https%3A%2F%2Fwww.cristoreyny.org","SourceRedirectUrl":"https://ai.blackfacts.com/redirect/ContentSource/7b933ae8-03cd-4cb2-9499-82145e19cfcf/5a31332e-b592-4927-a0e6-9d6c1b930310/https%3A%2F%2Fwww.newsday.co.zw","DisplayText":"

GOLD deliveries to the State-run Fidelity Printers and Refiners (FPR) slowed to 14,76 tonnes during the nine months to September, from 20,64% tonnes delivered to the facility during the same period last year, official data has shown. BY FIDELITY MHLANGA Experts blamed the COVID-19-inspired national lockdown for the slowdown. FPR statistics also showed that large-scale gold mines had overtaken artisanal miners in shipments to the formal gold market after selling 976,66kg of the bullion during the period, compared to 385,47kg from small-scale miners. Authorities had targeted a 35-tonne gold output this year. However, with only two months before year end, analysts yesterday said there were little chances miners will ramp up output to achieve this target. Lack of imported inputs because of the closure of foreign manufacturers and inability by FRP to match prevailing gold prices on the parallel market, are among the factors that will militate against this target, according to experts. Small-scale gold producers funnel most of their output to the parallel market where it fetches higher prices than those prevailing at FPR. Economic analysts also said the decline was unavoidable given that during the initial stages of the lockdown announced by government to limit the impact of COVID-19 in March, FPR struggled to pay producers. “Small-scale and artisanal miners look for alternative parallel market buyers who pay in cash,” economist Victor Bhoroma said. “Small-scale miners want instant gratification. Any procedures that delay payment will be detrimental to deliveries,” he told NewsDay Business. Bhoroma said the decline in gold deliveries would have dire implications to foreign currency inflows to the economy as the bullion contributes significantly to exports. He said without leakages, gold could easily earn the country US$2,5 billion annually. Investment analyst Enock Rukarwa said COVID-19 only added to a crisis that was already affecting domestic trade. “COVID-19-induced restrictions might be igniting dents in deliveries emanating from supply chain disruptions and thin accessibility to markets, but factors like payment delays and parallel market premiums cannot be underestimated,” Rukarwa said. “Gold being the anchor for our export receipts, a bearish sentiment in this sector is disastrous,” he said. The Reserve Bank of Zimbabwe has reviewed its contentious foreign currency retention threshold for gold to 70% from 55%, to improve shipments to the formal market. However, deliveries have not responded positively. The apex bank has also given small-scale gold producers 100% foreign currency retention to plug leakages. The country’s gold export receipts to August declined by 4,9% to US$641,3m, from US$674,4m earned during the comparative period in 2019. Gold and tobacco are the country’s top forex generators, but revenues continue to decline. In 2019, gold export receipts went down 28% to US$946m from US$1,33bn prior year. Tobacco also dropped by 7% to US$846,7m from US$907,8m in 2018.

","ShowFullContent":false,"FactText":null,"FactUrl":null,"RelatedIds":null,"OGImageUrl":null,"OGImageWidth":null,"OGImageHeight":null,"FavIconUrl":null,"FavIconWidth":null,"FavIconHeight":null,"IsLocal":false,"Type":null,"SummaryText":"GOLD deliveries to the State-run Fidelity Printers and Refiners (FPR) slowed to 14,76 tonnes during the nine months to September, from 20,64% tonnes delivered to the facility during the same period last year, official data has shown. BY FIDELITY MHLANGA Experts blamed the COVID-19-inspired national lockdown for the slowdown. FPR statistics also showed that large-scale gold mines had overtaken artisanal miners in shipments to the formal gold market after selling 976,66kg of the bullion during the period, compared to 385,47kg from small-scale miners. Authorities had targeted a 35-tonne gold output this year. However, with only two months before year end, analysts yesterday said there were little chances miners will ramp up output to achieve this target. Lack of imported inputs because of the closure of foreign manufacturers and inability by FRP to match prevailing gold prices on the parallel market, are among the factors that will militate against this target, according to experts. Small-scale gold producers funnel most of their output to the parallel market where it fetches higher prices than those prevailing at FPR. Economic analysts also said the decline was unavoidable given that during the initial stages of the lockdown announced by government to limit the impact of COVID-19 in March, FPR struggled to pay producers. “Small-scale and artisanal miners look for alternative parallel market buyers who pay in cash,” economist Victor Bhoroma said. “Small-scale miners want instant gratification. Any procedures that delay payment will be detrimental to deliveries,” he told NewsDay Business. Bhoroma said the decline in gold deliveries would have dire implications to foreign currency inflows to the economy as the bullion contributes significantly to exports. He said without leakages, gold could easily earn the country US$2,5 billion annually. Investment analyst Enock Rukarwa said COVID-19 only added to a crisis that was already affecting domestic trade. “COVID-19-induced restrictions might be igniting dents in deliveries emanating from supply chain disruptions and thin accessibility to markets, but factors like payment delays and parallel market premiums cannot be underestimated,” Rukarwa said. “Gold being the anchor for our export receipts, a bearish sentiment in this sector is disastrous,” he said. The Reserve Bank of Zimbabwe has reviewed its contentious foreign currency retention threshold for gold to 70% from 55%, to improve shipments to the formal market. However, deliveries have not responded positively. The apex bank has also given small-scale gold producers 100% foreign currency retention to plug leakages. The country’s gold export receipts to August declined by 4,9% to US$641,3m, from US$674,4m earned during the comparative period in 2019. Gold and tobacco are the country’s top forex generators, but revenues continue to decline. In 2019, gold export receipts went down 28% to US$946m from US$1,33bn prior year. Tobacco also dropped by 7% to US$846,7m from US$907,8m in 2018.","MaxDetailCharacters":300,"ImageUrl":"https://cdn.blackfacts.net/uploads/blackfacts/facts/2020/10/1049ed6d-f041-491c-b595-8421b94b22ce.jpg","ImageHeight":298,"ImageWidth":530,"ImageOrientation":"landscape","HasImage":true,"CssClass":"","Layout":"","Rowspan":1,"Colspan":1,"Likes":0,"Shares":0,"ContentSourceId":"7B933AE8-03CD-4CB2-9499-82145E19CFCF","SourceName":"NewsDay Zimbabwe - Everyday News for Everyday People","ContentSourceRootUrl":"https://www.newsday.co.zw","ContentSourceIcon":null,"SponsorId":"E1937D8B-561E-4826-8D6E-DA76009D44DA","IsSponsored":true,"SponsorName":"Christo Rey New York High School","SmallSponsorLogoUrl":"24x24/christorey-logo.jpg","SponsorUrl":"https://www.cristoreyny.org","HasSmallSponsorLogo":true,"EffectiveDate":"2020-10-22T00:00:00","HasEffectiveDate":true,"MonthAbbrevName":"Oct","FormattedDate":"October 22, 2020","Year":2020,"Month":10,"Day":22,"LastUpdatedDate":"2023-11-25T05:14:39.027","LastUpdatedBy":"rssimporter@blackfacts.com","IsEditable":false,"InsertAd":false,"JSONFactData":"{\"date\":\"2020-10-22T04:00:43Z\"}","JsonExtData":{"date":{"ValueKind":3}},"Html":null,"Css":null,"Script":null,"ScriptHash":null,"Id":168014,"FactUId":"9C78E006-957F-4D9E-9D12-C60FF0B1AFC1","Slug":"gold-output-tumbles-28","FactType":"News","VirtualSiteSlug":"blackfacts","Title":"Gold output tumbles 28%","LocalFactUrl":"/fact/gold-output-tumbles-28","ResultCount":200,"SearchType":"OmniSearch.RelatedId"},{"FadeSummary":false,"SponsorRedirectUrl":"https://ai.blackfacts.com/redirect/Sponsor/5f236b35-37aa-4a3e-982c-cce80e380610/5a31332e-b592-4927-a0e6-9d6c1b930310/https%3A%2F%2Fwww.imsa.edu","SourceRedirectUrl":"https://ai.blackfacts.com/redirect/ContentSource/7f682f9e-3c2c-442c-8821-92f01bf7aae3/5a31332e-b592-4927-a0e6-9d6c1b930310/https%3A%2F%2Fspokesman-recorder.com","DisplayText":"

Black and Hispanic households were 'much more likely to contract COVID-19, suffer lost income, and face housing insecurity as a result of the pandemic,' the researchers concluded.

Source

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Crusader Staff Report Mayor Lori Lightfoot unveiled a $94 million property tax increase to help close a $1.2 billion deficit caused by the coronavirus pandemic on October 21. In her $12.8 billion budget proposal, Lightfoot said 65 percent of the deficit is directly tied to the economic impacts of COVID-19. She said the budget reflects […]

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By Olayiwola Balogun - Nigerians in the United Kingdom turned out in their multitudes on Wednesday 21 October 2020 at the Nigeria High Commission London, Parliament Square and areas close to Downing Street residence of Prime Minister Boris Johnson to protest in solidarity with their citizens who were brutally killed by Nigerian soldiers following a […]

The post UK calls for an end to violence in Nigeria appeared first on African Voice Newspaper.

","ShowFullContent":false,"FactText":null,"FactUrl":null,"RelatedIds":null,"OGImageUrl":null,"OGImageWidth":null,"OGImageHeight":null,"FavIconUrl":null,"FavIconWidth":null,"FavIconHeight":null,"IsLocal":false,"Type":null,"SummaryText":"By Olayiwola Balogun - Nigerians in the United Kingdom turned out in their multitudes on Wednesday 21 October 2020 at the Nigeria High Commission London, Parliament Square and areas close to Downing Street residence of Prime Minister Boris Johnson to protest in solidarity with their citizens who were brutally killed by Nigerian soldiers following a […]\r\n\nThe post UK calls for an end to violence in Nigeria appeared first on African Voice Newspaper.\r\n","MaxDetailCharacters":300,"ImageUrl":"https://cdn.blackfacts.net/uploads/blackfacts/facts/2020/10/c756981b-0ecf-47f1-914c-44dbd31576c1.jpg","ImageHeight":587,"ImageWidth":440,"ImageOrientation":"portrait","HasImage":true,"CssClass":"","Layout":"","Rowspan":1,"Colspan":1,"Likes":0,"Shares":0,"ContentSourceId":"650849B9-012B-448B-B46A-38F55FB3655E","SourceName":"African Voice Newspaper - African news from a British perspective","ContentSourceRootUrl":"https://africanvoiceonline.co.uk","ContentSourceIcon":null,"SponsorId":"C774164E-1B1A-4B35-8157-9CE64EC2E2C6","IsSponsored":true,"SponsorName":"Prospanica Boston Professional Chapter","SmallSponsorLogoUrl":"24x24/prospanica-logo.png","SponsorUrl":"https://www.prospanica.org/members/group.aspx?code=Boston","HasSmallSponsorLogo":true,"EffectiveDate":"2020-10-22T00:00:00","HasEffectiveDate":true,"MonthAbbrevName":"Oct","FormattedDate":"October 22, 2020","Year":2020,"Month":10,"Day":22,"LastUpdatedDate":"2023-11-25T05:14:39.027","LastUpdatedBy":"rssimporter@blackfacts.com","IsEditable":false,"InsertAd":false,"JSONFactData":"{\"date\":\"2020-10-22T12:59:06Z\"}","JsonExtData":{"date":{"ValueKind":3}},"Html":null,"Css":null,"Script":null,"ScriptHash":null,"Id":167812,"FactUId":"92D44743-EC17-498E-AFEB-3EF5E0DF7B55","Slug":"uk-calls-for-an-end-to-violence-in-nigeria--african-voice-newspaper","FactType":"News","VirtualSiteSlug":"blackfacts","Title":"UK calls for an end to violence in Nigeria - African Voice Newspaper","LocalFactUrl":"/fact/uk-calls-for-an-end-to-violence-in-nigeria--african-voice-newspaper","ResultCount":200,"SearchType":"OmniSearch.RelatedId"},{"FadeSummary":true,"SponsorRedirectUrl":null,"SourceRedirectUrl":"https://ai.blackfacts.com/redirect/ContentSource/42c8fac1-e2c7-4a09-8ca5-16c843dec99e/5a31332e-b592-4927-a0e6-9d6c1b930310/https%3A%2F%2Fwww.africanews.com","DisplayText":"

Guinea’s main opposition Diallo claims victory while official votes counts are still in progress.

In main constituencies, Condé won a majority of votes according to the electoral authority but Opposition supporters are deeply suspicious about the fairness of the poll.

\"Now it is for all of us to fight to preserve, to defend, our victory and you know that it is threatened by Alpha Condé who had no voters but an army of fraudsters,\" he said.

Diallo who has been barricaded inside his house by Security forces said it’s for safety reasons and called on his supporters to continue the protests.

\"My dear compatriots, I am counting on you to continue the fight until victory is achieved..., \" Diallo further stressed.

Diallo's self-proclaimed election victory stirred up tensions, and his supporters descended into violent clashes with security forces on Monday.

Clashes continued in Conakry on Wednesday, a security officer, told the press that at least three people had died.

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