Tag Archives: economy

N’Djamena, Chad | AFP | The government of Chad on Wednesday suspended 10 opposition parties for “disturbing public order” and “inciting violence” after they backed trade union calls for a mass protest over austerity measures. The parties’ activities “have been suspended for a duration of two months,” Security Minister Ahmat …

The latest African Development Bank (AfDB) Economic Outlook for 2018 predicts 4.1% average growth COMMENT | KAUSHIK BASU | The African Development Bank (AfDB) has just published its African Economic Outlook for 2018. This year’s revamped publication – shorter than usual, analytically well-structured, and written in lucid prose, without hyperbole – …

Khartoum, Sudan | AFP |  Sudan’s central bank Sunday announced it will devalue the local currency to 30 Sudanese pounds against the US dollar, the second such move in weeks amid soaring inflation. The new official exchange rate will go into effect on Monday, the central bank said on its …

Washington, United States | AFP | US job creation accelerated in January, as the labor market continued to absorb workers at a robust pace, unemployment clung to a record low and wages moved higher, the government said in a key report Friday. And with a near 10-year record in wage …

Khartoum, Sudan | AFP | Sudanese security agents have arrested the deputy head of the country’s main opposition Umma Party after it held anti-government rallies to protest rising food prices, the party said on Friday. Sporadic demonstrations have hit Khartoum and some other parts of Sudan since early January after …

Addis Ababa, Ethiopia | AFP | Ethiopia has lifted a ban on domestic workers moving overseas after passing a new law to guard against ill-treatment, a government official said Thursday. Africa’s second-most populous country instituted the ban five years ago following reports of abuse, and complaints that employment agencies lured Ethiopians …

Marrakesh, Morocco | AFP | IMF chief Christine Lagarde warned Tuesday that “public dissatisfaction is bubbling up” in the Middle East and North Africa, calling for reforms that “respond faster to the expectations and sometimes to the frustration of the people”. Speaking at a conference in Morocco’s Marrakesh, the head of …

Muscat, Oman | AFP | Qatar signed a memorandum of understanding with Oman on the development of bilateral investment and trade Sunday, nearly eight months into a crisis between the emirate and its Arab neighbours. The Omani news agency ONA said the agreement signed in Muscat covers a wide range …

Rabat, Morocco | AFP | The International Monetary Fund is holding a two-day regional conference from Monday in Morocco with a message of reform amid growing “frustration” among the population of some Arab states. “Rising social tensions and protests in several countries across the Middle East and North Africa are …

Davos, Switzerland | AFP | President Donald Trump on Friday reached out to the global business and political elite in Davos with a sales pitch for the US economy, but provoked boos for attacking the media after waking up to another round of adverse headlines. In a 15-minute speech at …