Tag Archives: economy

Lagos, Nigeria | AFP | On the campaign trail for re-election in February, Nigeria’s President Muhammadu Buhari may have spoken too soon when he backed an initiative to hike his country’s minimum wage by a whopping two thirds. Buhari, who had been advised on the wage by a negotiating committee …

Gondar, Ethiopia | AFP | The presidents of Somalia and Eritrea met with Ethiopian Prime Minister Abiy Ahmed on Friday to cement regional economic ties as relations warm between the once-rival nations. Somalia’s President Mohamed Abdullahi Mohamed and Eritrean President Isaias Afwerki arrived in the northern Ethiopian city of Gondar …

Moscow, Russia | AFP | Moscow is intensifying efforts to wean its economy off the dollar as Washington considers tough new sanctions that could deny Russia access to foreign debt markets and cut its banks from the greenback. President Vladimir Putin has repeatedly slammed the US unit’s dominance on the …

Washington, United States | AFP | Immigration, health care, jobs. The extraordinary US midterm election has been a tug of war over key issues, but none has had a more dramatic impact on voters than Donald Trump, the man who isn’t even on the ballot. The Republican president is the …

ANDREW MWENDA: Why the belief that Ugandans are angry because youth lack jobs and other economic opportunities is mistaken THE LAST WORD | ANDREW MWENDA | Last week, President Yoweri Museveni inaugurated a $600 million fertilizer and aluminum plant in Tororo. A few days before, he had opened a new $150 …

Harare, Zimbabwe | AFP | Zimbabwe’s President Emmerson Mnangagwa said Thursday that an Australian firm would explore for oil and gas in the nation after a study indicated deposits. Invictus Energy has in recent months reworked survey data generated in the early 1990s by US oil giant ExxonMobil, previously known …

Johannesburg, South Africa | AFP |  South Africa’s President Cyril Ramaphosa on Thursday sacked the head of the country’s tax collection agency, an ally of scandal-tainted former leader Jacob Zuma, said the presidency. The president dismissed Tom Moyane after a judiciary inquiry recommended his immediate removal “to forestall any further …

Seoul, South Korea | AFP | Samsung Electronics on Wednesday posted record quarterly operating and net profits for the July-September period as solid demand for its memory chips cushioned the fallout from slowing smartphone sales — but warned of tougher times ahead. The South Korean tech giant — the world’s …

Closing the financial inclusion gap will require government, private sector and development partners. Kampala, Uganda | JULIUS BUSINGE | How can women and youth population participate in the country’s formal economic activities?  This is what formed part of the discussion at a breakfast meeting organised by Financial Sector Deepening Uganda (FSDU) …

Harare, Zimbabwe | AFP | Zimbabwe’s main opposition leader Nelson Chamisa called Tuesday for a transitional government to resolve the worsening economic and political crisis engulfing the country. A foreign currency shortage in recent weeks has sparked the worst economic crisis with supplies of fuel, food and pharmaceuticals drying up. …