Tag Archives: economy

Ouagadougou, Burkina Faso | AFP | The Sahel state of Burkina Faso announced Thursday that it was breaking diplomatic ties with Taiwan. “The Burkina government decided today to break off its diplomatic relationship with Taiwan,” Foreign Minister Alpha Barry said, in an announcement that follows a string of similar moves …

Kampala, Uganda | IN THE INDEPENDENT | The top stories in this week’s THE INDEPENDENT. COVER STORY Is economy alive or dead?: UBOS, Finance, BOU experts disagree THE LAST WORD In defence of land grabbing: Why the greedy Ugandans we love to hate could be the key to our future …

Paris, France | AFP | France will plough 65 million euros ($76 million) into startups in Africa, President Emmanuel Macron announced Thursday at a technology conference in Paris. Macron made the announcement at the third edition of the VivaTech trade fair, which brings together innovators, investors and entrepreneurs. This year …

Libreville, Gabon | AFP | Russia and China are muscling their way into the Central African Republic as Western clout in the mineral-rich, strategically important nation seems to wane, analysts say. Ranked at the very bottom of the UN’s 188-nation Human Development Index, CAR is mired in poverty and strife. …

Paris, France | AFP | France’s economy grew 2.2 percent in 2017, according to revised figures published Tuesday — good news for President Emmanuel Macron as he pursues ambitious reforms designed to make the country more competitive. National statistics office INSEE revised its growth for last year up from 2.0 …

Tax codes written for an analog economy and statistics that fail to capture real wealth won’t do COMMENT | MARGARETA DRZENIEK-HANOUZ | Before the threat of a US-China trade war arose, surging stock markets and corporate profits had obscured the fact that the global economic system is under existential stress. Global …

Khartoum, Sudan | AFP | Saudi Arabia will supply Sudan with millions of tonnes of oil for the next five years to help it tackle a growing energy crisis, the African country’s oil minister said Monday. Sudan has been hit with an acute fuel crisis for weeks now, sending black …

Khartoum, Sudan | AFP | Black market fuel prices surged on Saturday in Khartoum and other Sudanese towns as petrol and diesel shortages forced residents to queue for hours outside gas stations. Fuel supplies began dwindling in early April, with officials blaming maintenance delays at a key refinery, although foreign …

Khartoum, Sudan | AFP | President Omar al-Bashir has ordered the closure of 13 Sudanese overseas missions and job cuts at the foreign ministry due to an economic crisis in his country, state media reported Thursday. Bashir’s order comes days after he fired foreign minister Ibrahim Ghandour after he said …

Paris, France | AFP | French President Emmanuel Macron intends to scrap a 30 percent “exit tax” on top-earners who transfer their assets outside of France, in a bid to boost the attractiveness of the country for foreign investors. The levy was introduced in 2012 under former rightwing president Nicolas …