Tag Archives: economy

Harare, Zimbabwe | AFP | Zimbabwe’s President Emmerson Mnangagwa three days after his inauguration has dissolved the cabinet of his predecessor Robert Mugabe, who resigned after the military took control of the country, a senior government official said Monday. Mnangagwa “is in the process of putting together a new team of …

The start of the clean-up operation did not take long. Luanda, Angola | AFP | Within three months of taking control of Angola, President Joao Lourenco sacked his predecessor’s daughter as head of the state-run oil company and set about dismantling the empire built by Jose Eduardo dos Santos. A presidential …

Harare, Zimbabwe | AFP | Every time Chareka Mutungwazi, 76, tries to collect his pension money, he spends the night, like scores of others, sleeping outside a bank in Harare, the Zimbabwean capital. He is lucky if he is allowed to take out just $20 of his monthly $63 (53 …

New York, United States | AFP | The photo op with Santa Claus has long been a holiday mainstay for American children. But this year, shopping malls in several states are scheduling glamour shots for man’s best friend. As the Christmas shopping season kicks into high gear on Black Friday, the …

Paris, France | AFP | Guinea on Thursday won pledges in aid worth $20 billion to fund a five-year development plan at a meeting in Paris with banks, private players and governments. The mineral-rich West African nation is slowly emerging from the Ebola crisis and low commodity price shocks that adversely …

Luanda, Angola | AFP |  Angolan President Joao Lourenco on Wednesday fired his predecessor’s daughter from her influential post as head of the Sonangol state oil company, the presidency said in a statement. Her appointment to the oil giant last year was widely criticised as a symbol of the nepotism …

Deloitte, an international Audit firm operating in Uganda is working on a plan with the Ministry of Trade Industry and Cooperatives to aid small and medium enterprises (SMEs) grow their enterprises and boost economic growth. Its Managing Partner in Uganda, Norbert Kagoro, spoke to The Independent’s Julius Businge about their …

Paris, France | AFP |  Healthier lifestyles and higher incomes have helped increase life expectancy in the 35 OECD nations by 10 years in the past half century, according to a report published Friday. The OECD’s ‘Health at a Glance 2017’ report said the average life expectancy throughout the group …

Changes to how wealth is generated and distributed require new social contract for a digital age COMMENT| Manuel Muñiz | Macroeconomic data from the world’s advanced economies can be mystifying when viewed in isolation. But when analysed collectively, the data reveal a troubling truth: without changes to how wealth is …

Washington, United States | AFP | World Bank lending to countries like China that are rich enough to finance their own development hurts poor countries that need help, a senior US Treasury official said Wednesday. David Malpass, Treasury’s under secretary for International Affairs, cited China as a prime example of the …