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The Independent

Coca-Cola reports 4Q loss on hit from US tax reform

New York, United States | AFP | Coca-Cola reported a fourth-quarter loss Friday due to a one-time hit from US tax reform as growth in some non-cola beverages helped offset continued sluggishness in soda sales. The soft drink giant reported a loss of $2.8 billion in the quarter ending December …

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Four questions about the Ethiopian PM’s resignation

Addis Ababa, Ethiopia | AFP | Ethiopian Prime Minister Hailemariam Desalegn resigned unexpectedly on Thursday, the first leader to do so in the country’s recent history. As Africa’s second most-populous country enters uncharted political territory, here are four questions about what happened — and what comes next. – Why did …

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Ethiopian PM departure brings no change, opposition says

Addis Ababa, Ethiopia | AFP | Ethiopia’s opposition reacted cautiously on Friday a day after the surprise resignation of the prime minister, warning it did not herald real change since the ruling party remains in power. Prime Minister Hailemariam Desalegn resigned on Thursday after weeks of anti-government demonstrations and growing …

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Oxfam unveils action plan after ‘stain’ of sex scandal

London, United Kingdom | AFP | Oxfam unveiled an action plan Friday to tackle sexual misconduct following a prostitution scandal described as “a stain on Oxfam that will shame us for years” by the charity’s global chief. The organisation said it would create a commission which will “operate at arms-length …

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S.Africa new president to stamp his mark in key speech

Cape Town, South Africa | AFP | South Africa’s newly-minted president, Cyril Ramphosa, will deliver his first major policy speech Friday, seizing the chance to offer the country a fresh start after nine bruising years under Jacob Zuma. The State of the Nation address is an annual mix of political …

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Microenterprise graduation leads to higher consumption, asset ownership

Kampala, Uganda | THE INDEPENDENT | A one-year microenterprise graduation program targeting the ultra-poor in rural Africa offers a cost-effective way to tackle extreme poverty, according to preliminary results of a new study released in Kampala on Thursday. These preliminary results suggest that Village Enterprise’s integrated “graduation” model—comprised of targeting, training, …

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No programme, no debate but Putin cruising to poll win

Moscow, Russia | AFP | Running with a lacklustre slogan, no programme and refusing to debate his opponents, it sometimes seems like Russian President Vladimir Putin is not campaigning for re-election at all. But it is unlikely to matter for the 65-year-old strongman who is cruising towards victory and a …

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