Tag Archives: economy

New York, United States | AFP | The US Securities and Exchange Commission on Monday laid charges over a fraudulent cryptocurrency fundraiser that boxer Floyd Mayweather and rapper DJ Khaled touted on social media. Neither celebrity is accused in the scheme which the SEC said raised more than $32 million from …

But the public debt has increased by 9.4% to hit Shs 37.9trillion Kampala, Uganda | ISAAC KHISA | Uganda’s optimism in the first quarter of the Financial Year 2017/18 has been replaced with fear of a slow growing economy. The Central Bank’s latest quarterly report dubbed ‘State of the Economy’ …

Luanda, Angola | AFP | Tensions between Angola’s president and his long-serving predecessor have erupted into the open as an anti-corruption drive targets the former ruler’s family. President Joao Lourenco has pledged to crusade against entrenched state corruption and nepotism since taking over in September from Jose Eduardo dos Santos, …

Africa is the world’s last frontier market, and Western businesses need to take advantage of its potential COMMENT | LANDRY SIGNE | Since 2000, at least half of the world’s fastest-growing economies have been in Africa. And by 2030, Africa will be home to 1.7 billion people, whose combined consumer and business …

Washington, United States | AFP | The International Monetary Fund on Friday released an additional $257 million in funds for Tunisia as part of its four-year, $3 billion loan agreement. The IMF board approved the second review of the country’s economic performance under the financial aid package that was initially …

Abidjan, Ivory Coast | AFP | The World Bank will provide Ivory Coast $1 billion for development, in particular to help it get more value out of its agricultural exports, a top official for the bank’s Africa region has said. Of that figure, $300 million would be set aside for the …

Tokyo, Japan | AFP | Japanese automaker Toyota said Thursday it was suspending tests of its self-driving cars so staff could “emotionally process” after an autonomous Uber car killed a pedestrian in an accident. Ride-sharing giant Uber has already suspended use of self-driving cars after one of its vehicles struck …

Harare, Zimbabwe | AFP | Zimbabwean President Emmerson Mnangagwa on Monday named hundreds of mines, Chinese businesses and individuals who had illegally transferred foreign currency abroad during Robert Mugabe’s rule and warned they would be prosecuted. The announcement came after the expiry of a three month amnesty for the return of …

Libreville, Gabon | AFP | One of Gabon’s biggest trials for corruption got underway on Thursday, in a case featuring senior civil servants and former ministers. The trial is taking place in a recently-created judicial unit, the Special Criminal Court, in the capital Libreville. The high-profile case follows from an …

Johannesburg, SOUTH AFRICA | AFP | South African President Cyril Ramaphosa, who came to power last month, vowed on Wednesday to “escalate the pace” of redistributing land from wealthy whites to poorer blacks. Land ownership is a sensitive subject in South Africa, 24 years after the end of apartheid rule, and …