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Tag Archives: economy

Power cuts return to South Africa

  Johannesburg, South Africa | AFP |  South Africa’s electricity utility Eskom at the weekend resumed power outages, citing a “vulnerable” generating system, just weeks after implementing the severest rationing in recent times. The debt-laden company which generates around 95 percent of the country’s electricity, on Sunday said the cuts …

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2019 economy performs below expectations

Growth is projected to range between 5.5-6% compared to 6.2% in 2018 Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy performed below expectations especially towards the end of the year, according to the latest Bank of Uganda Monitory Policy Report. In addition, an analysis of the different monetary policy reports, …

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Rwanda’s grand vision for future leaves poor in Kigali on the curb

Kigali, Rwanda | AFP |  Slum dwellers in Kigali are accusing city authorities of razing their homes without paying compensation, stirring anger among poorer Rwandans who feel marginalised by a government-led push to modernise the capital. This month, the first of thousands of homes slated for demolition in Kigali’s unplanned …

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US urges countries to suspend digital taxes

Washington, United States | AFP |  US Treasury Secretary Steven Mnuchin on Wednesday urged countries like France to suspend taxes on global computing giants and wait for a negotiated agreement on international taxation. As the United States is poised to impose tariffs of up to 100 percent on $2.4 billion …

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Two years after coup, Zimbabweans grow more despondent

Harare, Zimbabwe | AFP | Two years ago, Linos Mutepera was among hundreds of thousands of Zimbabweans who celebrated the toppling of long-time ruler Robert Mugabe with tears of joy. Today, he looks back at that time with bitterness, his hope of a better life dashed on the rocks of poverty …

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Ugandans are much richer-UBOS

Kampala, Uganda | THE INDEPENDENT | Ugandan economy is bigger than previously estimated, with new numbers showing Ugandans are much richer than had been thought, according to Uganda Bureau of Statistics (UBOS). According to UBOS, they rebased the economy using the prices of 2015/16 financial year. This saw Uganda’s size …

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