Tag Archives: economy

Harare, Zimbabwe | AFP | Zimbabwe announced Thursday it will introduce next month “bond notes” equivalent to the US dollar, sparking fears of a return to the hyperinflation that wrecked the economy several years ago. The country, led by authoritarian President Robert Mugabe, adopted the US dollar and South African …

  COMMENT: By Rajab Kakyama Second-hand clothes – Mwenda shouldn’t be in hurry to displace workers in this sector to become beggars on the fringes of great cities Refer to: “America’s harmful threats” (The Independent Aug.26). Unfortunately, I do agree with Mwenda on principle but disagree with his method of …

Lagos, Nigeria | AFP | Thousands of passengers across Africa have been left stranded after Nigeria’s largest airline said Tuesday it had suspended operations and might remain grounded for several days. Arik Air attributed the “temporary disruption” to “pending approval of aircraft documentation related to insurance renewal… a challenge due …

Civil Society Organisations (CSO) have petitioned the World Bank over its poor portfolio performance in Uganda. CSOs Uganda Debt Network, Anti-Corruption Coalition, Action Aid Uganda and Civil Society Budget Advocacy Group said, the information and data available indicates that as of April 2016, both the World Bank and Uganda are not as …

Abuja, Nigeria | AFP |  Nigeria’s President Muhammadu Buhari on Sunday pledged to reverse the country’s economic slump as his government also tackles endemic corruption and the security threat from Boko Haram Islamists. Recession was officially confirmed in Africa’s most populous nation last month, after a second successive quarter of …

  Lagos, Nigeria | AFP | Traffic jams may clog the city and the beaches look like garbage dumps, but for the Lagos state government developing tourism is now a do or die matter. Nigeria has survived almost exclusively on oil revenues for decades, but the plunge in crude prices …

VIDEO: The National Social Security Fund (NSSF) has decried the slow growth rate in the real estate sector which is affecting the country’s economic performance. NSSF is concerned that investments in the sector are returning less than ought to be – which means government has to come up with policies to improve …

Mexico City, Mexico | AFP | Donald Trump may have visited Mexico for only a few hours, but President Enrique Pena Nieto is still feeling political pain from last week’s ridiculed meeting with the White House hopeful. Public anger over the trip continues to flare even after felling Pena Nieto’s …

Beijing, China | AFP |  China’s imports rose 1.5 percent year-on-year in August, figures showed Thursday, the first increase in nearly two years, in a positive sign for the world’s second-largest economy. Exports dropped 2.8 percent on-year to $190.6 billion, a smaller fall than the median forecast in a survey …

COMMENT: By Anna Adeke Ebaju Exporting labour could provide an economic lifeline for many families in a poor country, but they need protection Exporting labour is perhaps one of the most delicate undertakings any country can indulge in, especially if its policy makers appreciate it from the purview of a quick …