Tag Archives: economy

Harare, Zimbabwe | AFP | Russia’s Foreign Minister Sergei Lavrov on Thursday met with Zimbabwe’s new President Emmerson Mnangagwa and discussed possible military co-operation as well as plans to boost economic ties. Lavrov, who is on a tour of Africa, is the first high-profile Russian official to visit Zimbabwe since veteran …

Kinshasa, DR Congo | AFP | DR Congo President Joseph Kabila has promised to have “constructive dialogue” with mining companies worried over plans to hike taxes on so-called strategic metals, a category expected to include the booming market for cobalt and copper. Kabila on Tuesday held more than seven hours of …

Washington, United States | AFP | US President Donald Trump vowed Monday not to exempt Mexico and Canada from new steel tariffs without a “fair” trade deal, but his chief negotiator warned the trio’s talks were not living up to expectations. Speaking as US, Mexican and Canadian trade officials gathered …

Paris, France | AFP | The EU will soon unveil a plan for taxing major internet companies like Amazon and Facebook by imposing a levy of two to six percent on revenues in every country where they operate, French finance minister Bruno Le Maire said Sunday. “The range will be …

Finance under attack over Shs.750 bn fresh borrowing, faces tough IMF Kampala, Uganda | HAGGAI MATSIKO | Matia Kasaija and his team at the Finance Ministry find themselves in a very tight corner as they look for Shs29.2 trillion to finance a new budget. Previously, finding cash did not present …

Paris, France | AFP | By opting to place heavy tariffs on imports of steel and aluminium, US President Donald Trump is on the surface hoping to protect jobs at home. Yet his policy threatens not only to frustrate trade partners but also cost US workers dear, many analysts as …

Hong Kong, China | AFP | Steel and aluminium producers across Asia sank Friday on news of Donald Trump’s controversial tariffs, though some analysts said the long-term effects on the sector might not be as bad as thought. The president said Thursday he would slap levies of 25 percent on …

Nouakchott, Mauritania | AFP | Recep Tayyip Erdogan landed in Mauritania on Wednesday flanked by businessmen and primed to sign several cooperation deals in the first visit by a Turkish president to Nouakchott. He is undertaking a four-nation African tour to ramp up Turkey’s growing influence throughout the continent, where it …

Algiers, Algeria | AFP | Turkish President Recep Tayyip Erdogan welcomed the signing of trade deals with Algeria on Tuesday as he visited the country on the first leg of a tour of Africa. Erdogan said the agreements would allow Ankara and Algiers to diversify trade pending the signing of “an …

Lubumbashi, DR Congo | AFP | Rebels have wanted to kill him, NGOs accuse him of exploitation and Chinese newcomers have rattled his Congo mining empire, but George Forrest, one of Africa’s biggest businessmen, remains unbowed. The head of the Forrest Group, which is worth an estimated $800 million (650 …