Tag Archives: economy

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 …

Economists still question its impact on people’s pockets Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy expanded faster than expected in the past 10 months compared with the previous year supported by accommodative monetary policy, rebound in private sector credit and continuous investment in infrastructure. Data from Bank of Uganda, Ministry …

Paris, France | AFP | French President Emmanuel Macron called for “order” on Sunday after a sixth weekend of “yellow vest” anti-government protests marked by dwindling participation and a violent attack on police in Paris. Speaking during a visit to the central African state of Chad where he was visiting …

Chinamhora, Zimbabwe | AFP | At Solomon Chakauya’s grocery store in Zimbabwe’s Chinamhora district outside Harare, there’s no sign of the seasonal Christmas rush that he needs to keep his business afloat. Even in the country’s toughest times, sales rocketed in the days before Christmas, but this year few people …

Khartoum, Sudan | AFP | Fresh protests over the rising cost of bread broke out in Sudan on Friday, witnesses said, as troops deployed after two days of deadly clashes that left eight protesters dead. A government decision to raise the price of a loaf of bread this week from …

Khartoum, Sudan | AFP |  Sudan deployed troops in the capital Khartoum and other cities on Friday, witnesses said, after eight demonstrators were killed in clashes with riot police during protests over increased bread prices. A government decision to raise the price of a loaf of bread this week from …

Paris, France | AFP | Africa’s second largest country, Democratic Republic of Congo, is rich in raw materials and minerals but cursed by deadly violence, insurgencies, graft and poverty. Presidential elections were scheduled for Sunday, but electoral authorities delayed the vote by seven days until December 30 after a warehouse …

Khartoum, Sudan | AFP |  Eight demonstrators were killed in eastern Sudan on Thursday, officials said, during clashes with riot police on the second day of protests over the rising price of bread. A government decision to raise the price of bread this week from one Sudanese pound to three …