Tag Archives: economy

Washington, United States | AFP | The US government shutdown on Saturday became the longest in history and is taking a growing bite out of the world’s largest economy with each passing day, economists say. While most of the 21 “lapses” in government spending since 1976 left barely a scratch …

Harare, Zimbabwe | AFP | Doctors in Zimbabwe have ended a more than month-long strike without winning a deal on higher salaries, their union said Thursday, adding the government had pledged to address their grievances. Hundreds of doctors in public hospitals walked out on December 1 demanding salaries in US …

Accra, Ghana | AFP | Norway’s Aker Energy on Thursday said it had discovered oil in commercial quantities off Ghana, which the government welcomed as a potential boost to the economy. The oil and gas operator said exploratory drilling indicated an “estimated 450-550 million barrels of oil equivalent (mmboe)” in the Pecan field, 166 kilometres …

But risks to inflation including future direction of food crop prices, exchange rate prevail Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to grow faster this year subject to a number of fundamentals. These include; continued investment in public infrastructure which will in turn have positive spillovers on …

Maputo, Mozambique | AFP | Mozambique said Monday it was working with US and South African authorities after its former finance minister was arrested in Johannesburg over $2 billion in alleged secret loans to Mozambican state companies. Manuel Chang, 63, was arrested on December 29 and will appear in a …

Washington, United States | AFP | China’s economy is more vulnerable to the fallout in the current trade stand-off with Washington and already has been hurt by the dispute, US Commerce Secretary Wilbur Ross said Monday. Ross’s remarks emphasized President Donald Trump’s confidence that the robust US economy means Washington …

Doha, Qatar | AFP | World Cup 2022 host Qatar is to introduce a 100 percent tax on alcohol from January 1, a government official confirmed on Monday. The “sin” tax is being introduced just weeks after the conservative Muslim Gulf state announced in its annual budget statement that it …

Johannesburg, South Africa | AFP | A former finance minister of Mozambique, who approved secret loans that plunged the country into a crisis, has been arrested in South Africa awaiting extradition to the United States, police said Monday. Manuel Chang, 63, was “arrested on Saturday for… USA extradition”, national police …

Tarhuna, Libya | AFP | Stretching as far as the eye can see, groves of gnarled olive trees in northwest Libya have proudly withstood the country’s devastating conflicts. But the industry of extracting olive oil, often dubbed “green gold”, is now under threat after Libyan authorities halted exports in a …

Washington, United States | AFP | US President Donald Trump on Tuesday renewed his attack on the US Federal Reserve’s monetary policy, blaming the central bank’s interest rate hikes for a tanking market. With stocks on track for their worst December since the Great Depression, Trump has regularly berated the …