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Tag Archives: economy

Libyan oil production now more than 760,000 bpd

Tripoli, Libya | AFP |  Libya’s oil production, the country’s main source of revenue, rose Monday to more than 760,000 barrels per day for the first time since 2014, the National Oil Corporation said. Oil is Libya’s main natural resource, with reserves estimated at 48 billion barrels, the largest in …

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US ready to talk to North Korea

US seeks talks with North Korea to solve nuke issue Washington, United States | AFP | The United States is not ruling out direct dialogue with North Korea on its nuclear program, Secretary of State Rex Tillerson said in an interview with National Public Radio. “Obviously, that would be the …

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IN THE INDEPENDENT: Uganda’s bad economy

IN THE INDEPENDENT: Why Ugandans are poorer today than yesterday The lead stories In the Independent this week: ANALYSIS Why is the Catholic Church losing followers?: Figures from the 2014 National Population and Housing Census show that, in the last 10 years, the percentage of Ugandan identifying as Catholics has …

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TRADE: Museveni off to Qatar

President Yoweri Museveni is in Qatar for a three day state visit at the invitation of the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani. “I will meet the Emir and other Qatari government and business officials as we seek to strengthen our countries’ business and trade relations,” Museveni said …

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China’s Q1 growth stabilises at 6.8%: AFP poll

Beijing, China | AFP | China’s growth stabilised in the first quarter thanks to rising investments and a recovery in exports, experts said, though they warned the reprieve may be temporary. According to an AFP survey of 16 economic analysts, the gross domestic product expanded 6.8 percent in the first …

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Why pressure is mounting on South Africa’s Zuma to step down

Johannesburg, South Africa | AFP | South Africa’s powerful trade union federation Cosatu, a key coalition partner of the ruling ANC, on Tuesday called for embattled President Jacob Zuma to resign following a deeply unpopular cabinet reshuffle. Union general secretary Bheki Ntshalintshali said it was time for Zuma to “step …

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