Tag Archives: economy

Seoul, South Korea | AFP | Samsung Electronics on Wednesday posted record quarterly operating and net profits for the July-September period as solid demand for its memory chips cushioned the fallout from slowing smartphone sales — but warned of tougher times ahead. The South Korean tech giant — the world’s …

Closing the financial inclusion gap will require government, private sector and development partners. Kampala, Uganda | JULIUS BUSINGE | How can women and youth population participate in the country’s formal economic activities?  This is what formed part of the discussion at a breakfast meeting organised by Financial Sector Deepening Uganda (FSDU) …

Harare, Zimbabwe | AFP | Zimbabwe’s main opposition leader Nelson Chamisa called Tuesday for a transitional government to resolve the worsening economic and political crisis engulfing the country. A foreign currency shortage in recent weeks has sparked the worst economic crisis with supplies of fuel, food and pharmaceuticals drying up. …

Washington, United States | AFP | The top US diplomat for Africa on Tuesday voiced optimism over economic reforms by the new government in Zimbabwe, which remains under sanctions dating from Robert Mugabe’s 37-year reign. Tibor Nagy, the assistant secretary of state for African affairs, said that Zimbabwe’s level of …

Johannesburg, South Africa | AFP | South Africa’s President Cyril Ramaphosa on Monday denied accusations that he ignored widespread looting and financial misconduct at a major retail bank that collapsed weeks after he came into office. VBS Mutual gained notoriety in 2016 when it lent scandal-tainted former president Jacob Zuma $540,000 …

Kampala, Uganda | ISAAC KHISA | The economies of the South must work together in order to deal with the uncertainties resulting from the current global trade environment, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said on Oct. 09 in Bali, Indonesia. Speaking during a Panel discussion on …

And the secret formula needed to accelerate GDP growth Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is likely to grow by 6.5%, according to central bank governor Emmanuel Tumusiime Mutebile. That would be about 12% higher than last year and the highest rate in years. But there is a problem; …

Some have managed their debt levels, increased productivity, improved infrastructure, and reformed COMMENT | BERTRAND BADRE | Once again, the world’s emerging economies are facing a bout of uncertainty. Argentina, South Africa, and Turkey are among those generating the most concern, owing to a combination of questionable monetary policies and currency …

A look at 18 countries making the “secret sauce” that enables more stable and robust economic growth COMMENT | ANU MADGAVKAR & JEONGMIN SEONG | Emerging economies are often grouped together as something of a monolith. But when it comes to economic performance, they diverge widely, with only some countries achieving …

New York, United States | AFP | Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions …