Tag: economy
Coronavirus shocks to fuel years of unrest and hunger in poorest...
Economic shocks caused by the new coronavirus are set to fuel poverty, unrest and instability in heavily-indebted and politically fragile countries for years to...
Billions needed to rebuild Sudan economy
Sudan needs $8 billion (£6.5 billion) in foreign aid over the next two years to cover its import bill and help rebuild its ravaged...
Demonstrations against Zimbabwean economy coming
Zimbabwe’s main opposition party is planning street demonstrations next week to protest government’s handling of the economy, mired in its worst crisis in a...
Sudan economy unravelling
For 22 years Mohamed Mahmoud deposited his law practice's cash in a bank near his Khartoum office. Now, fearful of shrinking limits...
Better performance expected from Nigerian economy
Nigeria's economy is expected to perform better in the second half of the year, Vice President Yemi Osinbajo said, following sluggish growth...
Hopes high South Sudan peace deal will revive economy
A peace deal in South Sudan revived hope not just that the guns will stop firing but economic stability can return.
Since...
Economy is Nigeria’s biggest challenge – acting president
Nigeria's economy is the "biggest challenge of all" for government, the acting president said at an event to celebrate two years of...
Drought will cut Somalia’s economic growth
Somalia's economy is likely to expand by 2-2.5% this year, down from an estimated 3.4% last year, as drought cuts output in...
Zimbabwe’s Mugabe warms to the West as economy wobbles
Robert Mugabe's anti-Western rhetoric has been conspicuous by its absence of late, a sign the 91-year-old leader has mellowed or realised Zimbabwe...
Tunisian factories close, jobs go as political crisis drags on
Tunisia's "Arab Spring" revolution, born out of economic despair, is failing to deliver the jobs and opportunities of a better life that...
Insight: Pre-electoral feuding threatens Nigeria’s economy
In Nigeria, as elsewhere, foreign exchange markets can be a barometer of internal strife, so when central bank governor Lamido Sanusi noticed...
Uganda power cuts provoke riots, threaten economy
A growing power supply crisis in Uganda has provoked riots among a population already angered by soaring prices and is threatening growth...
Fitch says more shocks would test UK’s top rating
Britain's ability to absorb further economic shocks while keeping its top triple-A credit rating is "largely exhausted" unless the government takes further...
Zuma: Threat to SA economy very high
The threat to the SA economy is "very high" says President Jacob Zuma, adding that it would take a collective effort including...
Italy’s shadow economy moves into political spotlight
In the busy Naples square where she works, 18-year-old Arianna is a familiar sight as she darts back and forth from a...
“Green” tariffs to cost SA income, jobs
The Department of Trade and Industry has warned that South African exporters could lose billions of Rand if wealthy nations imposed tough...
South Africa’s Gordhan aims for primary balance by 2015
South Africa will see its budget deficit widen a touch this year to support a weak recovery, but aims to constrain expenditure...
South Africa growth outlook ‘too ambitious’ -Gordhan
South Africa's projections of about 4 percent growth over the next three years are too ambitious in the current global turmoil, and...
Mozambique economy to grow 7.5 pct in 2012-minister
Mozambique Finance Minister Manuel Chang forecast the country's economy would grow 7.5 percent in 2012 from a projected 7.4 percent in 2011.
In...
South Africa “scratching head” on stabilising rand
South Africa's government is scratching its head about how to stabilise the volatile rand, whose depreciation benefits sectors such as manufacturing but...
BRICS to consider euro bonds plan – Gordhan
A meeting of emerging economies today will consider a Brazilian proposal to buy European bonds to help crisis-hit euro zone countries, South...
Greece could trigger global banking crisis: Canada
A global banking crisis will erupt unless Europe properly deals with Greece's debt problems, Canadian Finance Minister Jim Flaherty said on Wednesday,...
ANALYSIS-As crisis bites, rising wealth gap becomes key
The rising gap between rich and poor in nearly every country, rich or poor, went largely ignored during the decades of globalization-fueled...
IMF chief urges aid, trade, investment to help poor
The global community can help poor countries weather the current slowdown in the world economy by keeping trade flowing, encouraging investment and...
Recession risk mounts for developed markets -Roubini
Fallout from the euro zone debt crisis and US fiscal problems mean developed economies are more likely to contract than recover in...
Niger calls for help to secure Libyan border
Niger called for international help to secure its northern border with Libya, saying the conflict to the north was holding back efforts...
Number of US poor hit record 46 million in 2010
A record 46 million Americans were living in poverty in 2010, pushing the U.S. poverty rate to its highest level since 1993,...
US airlines cite solid demand despite iffy economy
US airlines may face a challenging outlook for the rest of the year, but strong travel demand and fourth-quarter capacity cuts are...
Africa prospects lure investors, but is it ready?
Africa offers among the world's best investment prospects as emerging markets grow ever more important, although its economies risk being destabilized by...
SA lifts its game on competitiveness index
South Africa has improved its ranking and remains the highest-ranked country in sub-Saharan Africa on the World Economic Forum (WEF) global competitiveness...
Talks of nationalisation: A bane for the South African investment climate
South Africa's post-democracy investment climate has been known to be one of the most attractive in Africa. The country's richness in minerals, its manufacturing...
Zambia election campaign could pressure economy
Campaigning for Zambia's September presidential election is in full swing with the incumbent launching an expensive building project at a time when...
Stratfor: Global economic downturn – a crisis of political economy
Classical political economists like Adam Smith or David Ricardo never used the term "economy" by itself. They always used the term "political...
South Africa’s strike season hitting economy hard
A wave of strikes in South Africa has cost goldminers around US$190 million in lost output, curtailed the already struggling manufacturing sector...
World poorly placed to meet new economic crisis
With financial markets in turmoil and economic growth slowing, policymakers around the world may once again be forced to cooperate to try...
South Sudan speeds up introduction of new currency
South Sudan said it would speed up the introduction of its new currency, highlighting differences with its former civil war foe in...
Zimbabwe economy to grow by 9.3 pct in 2011 – Biti
Zimbabwe's economy is on course to grow by 9.3 percent in 2011 due to a recovery in the key mining and agriculture...
POLL-Peace dividend beckons for Ivory Coast economy in 2012
Ivory Coast will reverse a sharp 2011 contraction in its conflict-hit economy next year as long as President Alassane Ouattara holds the...
South Africa needs new policies for faster growth-World Bank
South Africa's economic growth will fall far short of the government's goal of 6 to 7 percent unless it changes policies including...
Strikes loom across South African economy
Strikes are looming in South Africa's gold and platinum sectors which could threaten global supplies at a time when commodity prices are...
Selling gold teeth to make ends meet in Greece
A smartly dressed woman waits as a young man behind a glass screen weighs her gold earrings, bracelets and rings and counts...
Weak US economy shadows Obama in bright areas
A bright spot for President Barack Obama in the bleak US economic picture should be that many of the "swing" states crucial...
EU wants Kenya to set election date, hasten reforms
The European Union wants Kenya to set a date for its next elections and pass laws ahead of time to avoid a...
Africa is most profitable area: Jammine
Africa is the world's most profitable region, says Econometrix chief economist Azar Jammine. At a presentation in Johannesburg yesterday, he cited an...
Botswana inflation to rise, cloud on revenues: IMF
Botswana could experience a temporary rise in inflation, while declining mineral and customs receipts might put a squeeze on government revenues, the...
Uganda hikes spending ahead of planned oil start-up
Uganda launched expansionary plans for the 2010/11 financial year, with a planned 16 percent increase in spending to $3.31 billion aimed at...
Rwanda’s growth slows to 6.5 pct in fiscal 2009-10
Rwanda's growth eased to an estimated 6.5 percent in the 2009/10 year and the government estimates expansion of 7.6 percent for the...
Rising Africa puts South Africa on the spot
Even by the extended outlook of emerging market investors, a century is a very long time. By that measurement, though, South Africa,...
Volcano market impact moves far beyond airlines
The impact of Europe's volcano flight shutdown moved beyond airlines, rippling through food and energy producers and by delaying an IMF-EU meeting...
Botswana’s recovery seen slow as diamond demand rises
Botswana's diamond-based economy should return to growth this year but the recovery from a sharp slump may be slow as demand for...
