Tag Archives: economy

Paris, France | AFP |  Healthier lifestyles and higher incomes have helped increase life expectancy in the 35 OECD nations by 10 years in the past half century, according to a report published Friday. The OECD’s ‘Health at a Glance 2017’ report said the average life expectancy throughout the group …

Changes to how wealth is generated and distributed require new social contract for a digital age COMMENT| Manuel Muñiz | Macroeconomic data from the world’s advanced economies can be mystifying when viewed in isolation. But when analysed collectively, the data reveal a troubling truth: without changes to how wealth is …

Washington, United States | AFP | World Bank lending to countries like China that are rich enough to finance their own development hurts poor countries that need help, a senior US Treasury official said Wednesday. David Malpass, Treasury’s under secretary for International Affairs, cited China as a prime example of the …

Abuja, Nigeria | AFP | Nigerian President Muhammadu Buhari on Tuesday presented a record 8.6 trillion naira ($24 billion, 20.8 billion euros) budget to the National Assembly to support the country’s economic recovery. Buhari, addressing a joint session of lawmakers in Abuja, said the spending was a 16 percent increase over …

But experts wonder if economy can survive local and regional political turmoil Kampala, Uganda | JULIUS BUSINGE | There is some good news for Uganda’s economy finally. The Central Bank’s latest annual report shows a sharper GDP growth in 2016/17 than had earlier been estimated. The FY2016/2017 growth figures released on …

Libreville, Gabon | AFP | Six countries in central and western Africa have breathed life into long-running plans to allow visa-free movement of people among their nations. At a summit in the Chadian capital of N’Djamena, the countries formally declared late Tuesday that the scheme had now been ratified by all …

Riyadh, Saudi Arabia | AFP | Saudi Arabia plans to start issuing tourist visas “soon”, authorities said Tuesday, as the ultra-conservative kingdom seeks to attract international visitors in a radical overhaul of its oil-dependent economy. Tourism is seen as a major driver of growth as the kingdom attempts to wean itself …

After reversing the deplorable state of the economy, the government needs to support local businesses COMMENT | Martin F. Kyeyune | Manufacturing existed in Africa before the colonial rule. Africa made a wide range of essential goods it consumed, including food (this involved food preservation), shelter (involved the use of timber, …

Taking stock of Uganda’s economy 55 years after independence Kampala, Uganda | COMMENT | SARAH LOGAN| October 9 marked 55 years since Uganda’s independence in 1962. The country’s economy has seen many changes during this time, affected by periods of political instability, civil war, fluctuating global commodity prices, and various …

Beijing, China | AFP | Chinese billionaires are boasting about their Marxist bonafides. The Communist Party is tightening its grip on state-owned companies. And foreign companies are being asked to invite party cells into their offices. Under President Xi Jinping, the country’s ruling party is muscling back into business, expanding …