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NEWS ANALYSIS

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Nigeria’s president signs ambitious 2019 budget

Abuja, Nigeria | AFP | Nigerian President Muhammadu Buhari signed an ambitious budget into law Monday, days ahead of the official start of his second term leading Africa’s largest oil producer. Buhari approved the spending plan worth 8.92 trillion naira — about $29 billion based on the official fixed exchange …

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Equatorial Guinea struggles for place in world tourism

Sipopo, Equatorial Guinea | AFP | Gleaming but eerily empty, the luxurious Sipopo resort with its five-star hotel and exclusive facilities rises from a tropical beach, symbolising the dilemma of Equatorial Guinea — a notoriously closed country that has turned to tourism to help fill its coffers. The purpose-built town was …

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South Africa: The five labours of Cyril Ramaphosa

  Pretoria, South Africa | AFP |  Newly-elected South African President Cyril Ramaphosa faces herculean tasks after he gets down to work after Saturday’s inauguration. They include: – Fixing the economy – South Africa has the most advanced infrastructure in the continent, but its commodities-dependent economy has been in a …

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