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Tag Archives: economy

I.Coast must overhaul key cocoa sector: World Bank

Abidjan, Ivory Coast | AFP |  Ivory Coast, the world’s largest cocoa producer, earns just a fraction of the crop’s potential value and must process it domestically and develop its distribution to fully reap the benefits, a World Bank report said Thursday. Cocoa accounts for 40 percent of the West African …

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S.African president admits economy ‘extremely weak’

Cape Town, South Africa | AFP | South African President Cyril Ramaphosa on Thursday described the country’s economic outlook as “extremely weak” as he vowed to speed up emergency funding for the debt-laden Eskom state power supplier. Ramaphosa delivered a downbeat economic assessment in his first state-of-the-nation address since the ruling …

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South Africa: The five labours of Cyril Ramaphosa

  Pretoria, South Africa | AFP |  Newly-elected South African President Cyril Ramaphosa faces herculean tasks after he gets down to work after Saturday’s inauguration. They include: – Fixing the economy – South Africa has the most advanced infrastructure in the continent, but its commodities-dependent economy has been in a …

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Zimbabwe hikes fuel prices again as crisis deepens

    Harare, Zimbabwe | AFP |  Zimbabwe on Tuesday announced a fresh increase in fuel prices, months after a price hike triggered nationwide protests and a brutal security crackdown as the country’s economy woes deepen further. Upping prices by about 46 percent, the Zimbabwe Energy Regulatory Authority (ZERA) said …

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