Tag Archives: economy

Harare, Zimbabwe | AFP | Global watchdog Human Rights Watch on Thursday urged Zimbabwe to take urgent steps to stem child labour and other rights abuses on the country’s tobacco farms. In a report titled “Bitter Harvest”, the HRW revealed that children as young as 11 were working on tobacco …

London, United Kingdom | AFP | Almost eight out of 10 companies and public sector bodies operating in Britain pay men more than women overall, said data published Thursday confirming long-standing gender inequality in the workplace. Prime Minister Theresa May introduced laws last year to force all employers with more …

Why policy measures that curtail the volume of bank lending to the business community must be avoided COMMENT | LOUIS KASEKENDE | I would like to begin by explaining why I think that a socio-economic impact assessment is a very useful initiative for the bank to have taken. Banks all around …

New York, United States | AFP | The US Securities and Exchange Commission on Monday laid charges over a fraudulent cryptocurrency fundraiser that boxer Floyd Mayweather and rapper DJ Khaled touted on social media. Neither celebrity is accused in the scheme which the SEC said raised more than $32 million from …

But the public debt has increased by 9.4% to hit Shs 37.9trillion Kampala, Uganda | ISAAC KHISA | Uganda’s optimism in the first quarter of the Financial Year 2017/18 has been replaced with fear of a slow growing economy. The Central Bank’s latest quarterly report dubbed ‘State of the Economy’ …

Luanda, Angola | AFP | Tensions between Angola’s president and his long-serving predecessor have erupted into the open as an anti-corruption drive targets the former ruler’s family. President Joao Lourenco has pledged to crusade against entrenched state corruption and nepotism since taking over in September from Jose Eduardo dos Santos, …

Africa is the world’s last frontier market, and Western businesses need to take advantage of its potential COMMENT | LANDRY SIGNE | Since 2000, at least half of the world’s fastest-growing economies have been in Africa. And by 2030, Africa will be home to 1.7 billion people, whose combined consumer and business …

Washington, United States | AFP | The International Monetary Fund on Friday released an additional $257 million in funds for Tunisia as part of its four-year, $3 billion loan agreement. The IMF board approved the second review of the country’s economic performance under the financial aid package that was initially …

Abidjan, Ivory Coast | AFP | The World Bank will provide Ivory Coast $1 billion for development, in particular to help it get more value out of its agricultural exports, a top official for the bank’s Africa region has said. Of that figure, $300 million would be set aside for the …

Tokyo, Japan | AFP | Japanese automaker Toyota said Thursday it was suspending tests of its self-driving cars so staff could “emotionally process” after an autonomous Uber car killed a pedestrian in an accident. Ride-sharing giant Uber has already suspended use of self-driving cars after one of its vehicles struck …