Tag Archives: economy

Mogadishu, Somalia | AFP |  Somalia rejoined the world wide web on Monday, more than three weeks after internet access was cut when a container ship damaged an undersea cable connecting the Horn of Africa nation to the world. “The technical issue, which has disrupted the internet connection, is resolved …

Johannesburg, South Africa | AFP |  A whites-only enclave in South Africa has resisted the country’s multi-racial reality for more than two decades, even adopting its own paper money in its bid to promote self-sufficiency. Now Orania, a town of 1,400 established during the dying years of apartheid and protected …

Beijing, China | AFP | China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according …

Gaborone, Botswana | AFP |  The Dalai Lama will visit Botswana next month and meet with President Ian Khama in a trip likely to anger China, a key investor across Africa and its largest trade partner. Beijing views the Dalai Lama as a dangerous separatist campaigning for Tibetan independence and …

Mogadishu, Somalia | AFP |Last month, a baby was born in the Somali capital Mogadishu with a terrible eye defect that requires treatment abroad. The infant was cleared for treatment in Turkey but before the paperwork was complete a container ship, believed to be the Panama-flagged MSC Alice, docked outside …

Paris, France | AFP |  Angola’s capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer’s annual survey said Wednesday. Dethroned last year by the Chinese city, Luanda regained the dubious honour despite the depreciation of the local kwanza currency against the dollar, …

   BUDGET: The EAC countries are looking at reducing the cost of doing business Kampala, Uganda | ISAAC KHISA |  Governments in the East African Community seem to be determined to ease the cost of doing business in the region as they allocate massive budgets to infrastructural developments in the new financial …

How money is an important a political resource that allows Museveni to manage power The Last Word | ANDREW MWENDA|   Last week, the government presented the national 2017/18 budget totalling Shs24 trillion in spending. For many commentators on the Ugandan traditional and social media scene, the budget is as an economic …

Cairo, Egypt | AFP |  Guards check drivers’ papers to keep out uninvited guests from gated compounds where Egypt’s rich can escape the chaos of Cairo’s streets in a country with a widening wealth gap. Built in the deserts around Cairo, some compounds offer amenities such as indoor and outdoor …

Debate about effective budget implementation has continued since June 08 when Finance Minister Matia Kasaija read the budget speech at Kampala Serena Conference Centre. Kasaija, who presented his budget for the third time, hinted on corruption and laziness amongst civil servants as one of the main obstacles that would interfere with …