Tag Archives: economy

Adama Barrow: how do you solve a problem like The Gambia? Banjul, Gambia | AFP |  Six months ago, businessman and political novice Adama Barrow took power in Africa’s smallest mainland country after delivering a stunning defeat against ex-leader Yahya Jammeh, who had ruled brutally for 22 years. When Barrow …

IMF to launch new form of aid – with no money Washington, United States | AFP |  The International Monetary Fund announced Wednesday it will launch a new tool to support governments in financial trouble: one that involves no money. Instead of providing cheap loans to countries, the new IMF …

Benghazi, Libya | AFP | The head of Libya’s National Oil Company announced on Wednesday that oil production is expected to reach 1.25 million barrels per day by the end of 21017. NOC president Mustafa Sanalla said, however, that “despite a surge of more than one million bpd” oil production would …

Gahara, Rwanda | AFP | Inside a metal shed in southeastern Rwanda, Nicholas Hitimana brandished a plastic container holding a green liquid: geranium essential oil, freshly distilled and ready for export at more than $200 (175 euros) a kilo. The pioneer of essential oils in Rwanda, Hitimana said he understood …

Mogadishu, Somalia | AFP |  Somalia rejoined the world wide web on Monday, more than three weeks after internet access was cut when a container ship damaged an undersea cable connecting the Horn of Africa nation to the world. “The technical issue, which has disrupted the internet connection, is resolved …

Johannesburg, South Africa | AFP |  A whites-only enclave in South Africa has resisted the country’s multi-racial reality for more than two decades, even adopting its own paper money in its bid to promote self-sufficiency. Now Orania, a town of 1,400 established during the dying years of apartheid and protected …

Beijing, China | AFP | China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according …

Gaborone, Botswana | AFP |  The Dalai Lama will visit Botswana next month and meet with President Ian Khama in a trip likely to anger China, a key investor across Africa and its largest trade partner. Beijing views the Dalai Lama as a dangerous separatist campaigning for Tibetan independence and …

Mogadishu, Somalia | AFP |Last month, a baby was born in the Somali capital Mogadishu with a terrible eye defect that requires treatment abroad. The infant was cleared for treatment in Turkey but before the paperwork was complete a container ship, believed to be the Panama-flagged MSC Alice, docked outside …

Paris, France | AFP |  Angola’s capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer’s annual survey said Wednesday. Dethroned last year by the Chinese city, Luanda regained the dubious honour despite the depreciation of the local kwanza currency against the dollar, …