Tag Archives: economy

Reports of African economies among fastest growing show long dream turning into reality COMMENT | GERALD MBANDA | The concept of African Renaissance has been on the lips of progressive Africans for decades as a renewal of the way of doing things to overcome Africa’s challenges and advance the well-being of …

It’s no surprise that as the Davos consensus has ebbed, a wave of populist nativism has rushed in COMMENT | LARRY HATHEWAY | The World Economic Forum’s annual flagship meeting in Davos has always been an easy target for caricature, even ridicule. Over the years, it has gained a somewhat deserved …

Specific interventions needed as uncertainty and variability of rainfall threatens economic progress COMMENT | MILDRED BARUNGI & FLORENCR NAKAZI | In the past five years, Uganda has experienced climate change and variability. This has been mainly exhibited through uncertainty of rainfall patterns for the two main cropping seasons (i.e. March to May …

Johannesburg, South Africa | AFP | South Africa is the continent’s most industrialised economy and among its most developed, but marked by gaping inequalities rooted in years of racist white-minority rule that ended in 1994. – Apartheid – Black South Africans, around 80 percent of the population, voted for the …

Washington, United States | AFP | President Donald Trump on Monday unveiled an ambitious proposal to renew American infrastructure as part of a budget that calls for a stunning rise in debt and trillions in cuts to social and other spending. The blueprint for the 2019 fiscal year abandons the long-held …

Kuwait City, Kuwait | AFP | Iraq needs $88.2 billion to rebuild after years of war against the Islamic State group, Planning Minister Salman al-Jumaili said Monday, as an international conference on the country’s reconstruction opened in Kuwait. Iraq hopes to raise billions of dollars in pledges at the three-day …

Washington, United States | AFP | Donald Trump’s administration will sketch out more details of its plan to invest in America’s creaking infrastructure Monday, hoping it can leverage up to $1.5 trillion for the cause. Senior White House officials said the president’s budget, due to be released on Monday, will …

Dubai, United Arab Emirates | AFP | Indian Prime Minister Narendra Modi capped a whirlwind visit to the UAE on Sunday, giving a keynote address as guest of honour at the World Government Summit in Dubai. Modi praised the United Arab Emirates, home to 3.3 million Indian nationals, for having …

Dubai, United Arab Emirates | AFP | France’s Prime Minister Edouard Philippe promised lower taxes and a business-friendly France at a global summit in Dubai on Sunday, seeking investment from the oil-rich Gulf region. “France is undergoing great transformation,” Philippe said, addressing a thousand-strong audience at Dubai’s World Government Summit. …

Paris, France | AFP | The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikely to rush out on a new spending spree just yet. In a flourish of earnings reports …