Recent protests in Nigeria and Kenya should encourage governments to rethink constraints on public spending COMMENT | HIPPOLYTE FOFACK | The rising cost of living in Africa has triggered a wave of protests in recent months, underscoring the disproportionately higher economic and social costs of inflation on a continent with persistent …
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The Fed’s dramatic interest-rate hikes have had dire implications for debt sustainability in the developing world COMMENT | HIPPOLYTE FOFACK | The US Federal Reserve’s decision to raise interest rates by 475 basis points over the course of 12 months, in a bid to curb inflation, was bound to be …
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`Perception premiums’ shouldn’t overinflate risks perennially assigned to a brighter Africa COMMENT | HIPPOLYTE FOFACK | In 2020, the COVID-19 pandemic caused Africa’s first recession in 25 years. The sharp tightening of global financial conditions triggered sudden stops in foreign direct investment and massive capital outflows, alongside one of the …
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The Independent Uganda: You get the Truth we Pay the Price