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Tag Archives: economy

Mnangagwa’s Zimbabwe blocks internet as crackdown intensifies

  Harare, Zimbabwe | AFP |  Zimbabwe on Friday imposed a “total shutdown” of the internet as international criticism mounted over a ruthless security crackdown after anti-government protests. Police and soldiers have been accused of indiscriminately dragging people from their homes and beating them. Hundreds of people have been arrested …

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Zimbabwe: months of protests against high prices

Harare, Zimbabwe | AFP | Several months of protests in Zimbabwe over shortages of basic goods, inflation and the depreciation of the local currency have escalated into riots after the government doubled the price of fuel. In power since the fall of Robert Mugabe in November 2017, President Emmerson Mnangagwa …

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Zimbabwe activist in court for ‘subversion’ after protests

Harare, Zimbabwe | AFP | Zimbabwean activist Evan Mawarire appeared in court in Harare on Thursday to face subversion charges as authorities cracked down on anti-government protests in which doctors say 68 people suffered gunshot wounds. Nationwide demonstrations erupted on Monday after President Emmerson Mnangagwa announced that fuel prices were …

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Fuel protests turn deadly in Zimbabwe

Harare, Zimbabwe | AFP | Violent protests in Zimbabwe claimed lives on Monday as soldiers were deployed after the embattled government more than doubled fuel prices, sparking widespread anger. Protesters burnt tyres and barricaded roads while cars were torched as demonstrations turned violent in the capital Harare and Bulawayo, Zimbabwe’s …

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Zimbabwe’s president hikes fuel prices to tackle shortages

Harare, Zimbabwe | AFP | Zimbabwe’s President Emmerson Mnangagwa has announced an sharp increase in fuel prices in a measure to improve supplies as the country struggles with its worst petrol shortages in a decade. After years in international isolation, Zimbabwe’s economy has been on a downturn for more than …

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US shutdown sends economy into uncharted waters

Washington, United States | AFP | The US government shutdown on Saturday became the longest in history and is taking a growing bite out of the world’s largest economy with each passing day, economists say. While most of the 21 “lapses” in government spending since 1976 left barely a scratch …

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Zimbabwe doctors end strike without deal

Harare, Zimbabwe | AFP | Doctors in Zimbabwe have ended a more than month-long strike without winning a deal on higher salaries, their union said Thursday, adding the government had pledged to address their grievances. Hundreds of doctors in public hospitals walked out on December 1 demanding salaries in US …

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550 million barrels of oil discovered off Ghana coast

Accra, Ghana | AFP | Norway’s Aker Energy on Thursday said it had discovered oil in commercial quantities off Ghana, which the government welcomed as a potential boost to the economy. The oil and gas operator said exploratory drilling indicated an “estimated 450-550 million barrels of oil equivalent (mmboe)” in the Pecan field, 166 kilometres …

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Economy to remain resilient

But risks to inflation including future direction of food crop prices, exchange rate prevail Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to grow faster this year subject to a number of fundamentals. These include; continued investment in public infrastructure which will in turn have positive spillovers on …

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