Tag Archives: economy

Washington, United States | AFP | The top US diplomat for Africa on Tuesday voiced optimism over economic reforms by the new government in Zimbabwe, which remains under sanctions dating from Robert Mugabe’s 37-year reign. Tibor Nagy, the assistant secretary of state for African affairs, said that Zimbabwe’s level of …

Johannesburg, South Africa | AFP | South Africa’s President Cyril Ramaphosa on Monday denied accusations that he ignored widespread looting and financial misconduct at a major retail bank that collapsed weeks after he came into office. VBS Mutual gained notoriety in 2016 when it lent scandal-tainted former president Jacob Zuma $540,000 …

Kampala, Uganda | ISAAC KHISA | The economies of the South must work together in order to deal with the uncertainties resulting from the current global trade environment, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said on Oct. 09 in Bali, Indonesia. Speaking during a Panel discussion on …

And the secret formula needed to accelerate GDP growth Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is likely to grow by 6.5%, according to central bank governor Emmanuel Tumusiime Mutebile. That would be about 12% higher than last year and the highest rate in years. But there is a problem; …

Some have managed their debt levels, increased productivity, improved infrastructure, and reformed COMMENT | BERTRAND BADRE | Once again, the world’s emerging economies are facing a bout of uncertainty. Argentina, South Africa, and Turkey are among those generating the most concern, owing to a combination of questionable monetary policies and currency …

A look at 18 countries making the “secret sauce” that enables more stable and robust economic growth COMMENT | ANU MADGAVKAR & JEONGMIN SEONG | Emerging economies are often grouped together as something of a monolith. But when it comes to economic performance, they diverge widely, with only some countries achieving …

New York, United States | AFP | Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions …

Bali, Indonesia | AFP | The US-China trade war will hobble global growth, the International Monetary Fund warned Tuesday, cutting its forecast for this year and next and predicting that “everyone is going to suffer” from a clash between the world’s two biggest economies. At a meeting on the Indonesian …

Focus on tourism, ICT, horticulture, incentives to create jobs, grow economy Kampala, Uganda | JULIUS BUSINGE | Tourism, agriculture, Information and Communication Technology, horticulture, transit trade and logistics are key sectors that countries yearning for development should focus on. This was the take away from the just concluded 4th Governor Mutebile’s …

National Planning Authority boss outlines weaknesses in Uganda’s development agenda, shares solutions Kampala, Uganda | JULIUS BUSINGE | Kisamba Mugerwa, the chairperson of National Planning Authority (NPA), is a well-known speaker on matters Uganda’s journey to the middle income status. It was the same on July 18 as he delivered a …