Tag Archives: economy

  Johannesburg, South Africa | AFP |  South Africa’s electricity utility Eskom at the weekend resumed power outages, citing a “vulnerable” generating system, just weeks after implementing the severest rationing in recent times. The debt-laden company which generates around 95 percent of the country’s electricity, on Sunday said the cuts …

Growth is projected to range between 5.5-6% compared to 6.2% in 2018 Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy performed below expectations especially towards the end of the year, according to the latest Bank of Uganda Monitory Policy Report. In addition, an analysis of the different monetary policy reports, …

Paris, France | AFP | As 1960 dawned, sub-Saharan Africa braced for historic change: that year, 17 of its countries were destined to gain independence from European colonial powers. But six decades on, the continent is mired in many problems. It is struggling to build an economic model that encourages …

Kigali, Rwanda | AFP |  Slum dwellers in Kigali are accusing city authorities of razing their homes without paying compensation, stirring anger among poorer Rwandans who feel marginalised by a government-led push to modernise the capital. This month, the first of thousands of homes slated for demolition in Kigali’s unplanned …

Washington, United States | AFP |  US Treasury Secretary Steven Mnuchin on Wednesday urged countries like France to suspend taxes on global computing giants and wait for a negotiated agreement on international taxation. As the United States is poised to impose tariffs of up to 100 percent on $2.4 billion …

Harare, Zimbabwe | AFP | Two years ago, Linos Mutepera was among hundreds of thousands of Zimbabweans who celebrated the toppling of long-time ruler Robert Mugabe with tears of joy. Today, he looks back at that time with bitterness, his hope of a better life dashed on the rocks of poverty …

Bigger Economy: Why could that be bad news? Kampala, Uganda | THE INDEPENDENT | The recent rebasing of the national account series by the Uganda Bureau of Statistics (UBOS) has excited economists with many saying it presents the government an opportunity to make policy based on data that is a …

Kampala, Uganda | THE INDEPENDENT | Ugandan economy is bigger than previously estimated, with new numbers showing Ugandans are much richer than had been thought, according to Uganda Bureau of Statistics (UBOS). According to UBOS, they rebased the economy using the prices of 2015/16 financial year. This saw Uganda’s size …

Abuja, Nigeria | AFP |  Nigerian President Muhammadu Buhari on Tuesday unveiled a record budget plan to lawmakers, ramping up ambitious spending goals for his second term in charge. The draft budget increased more than 13 percent from last year at 10.33 trillion naira — around $33.8 billion (30.8 billion …

  Johannesburg, South Africa | AFP |  Nigerian President Muhammadu Buhari on Friday denounced recent xenophobic violence in South Africa as an “embarrassment” for the continent, as he wrapped up a state visit. Buhari’s trip was overshadowed by a spate of recent attacks against foreign workers in South Africa, where …