Tag Archives: economy

Warri, Nigeria | AFP | Months have passed since the Niger Delta Avengers have launched an attack on Nigeria’s oil pipelines, yet leaders in the region are warning trouble is brewing in the southern swamplands. A charm offensive led by Nigeria’s acting president Yemi Osinbajo has kept the uprising at bay, …

Hoedspruit, South Africa | AFP |  It was a hard-fought victory for South Africa’s black community seeking to reclaim land, and for the Moletele ethnic group it has become a surprising model of wider racial cooperation. After a 10-year legal battle, the Moletele have taken back the land from which …

Nairobi, Kenya | AFP |  The timing was perfect. Two months before Kenya’s August 8 vote, President Uhuru Kenyatta inaugurated the nation’s biggest infrastructure project: a railway connecting the capital Nairobi and the port of Mombasa. With pomp and ceremony Kenyatta touted the railway as proof of his campaign promises …

Johannesburg, South Africa | AFP | One of South Africa’s largest retailers Pick n Pay on Monday said it had cut around 3,500 jobs — 10 percent of its workforce — in a bid to curb costs in an economy battling a recession. “The voluntary severance programme is one of several …

Washington, United States | AFP | The International Monetary Fund on Thursday waded into the US health care debate, urging the Trump administration to “protect” gains achieved under President Barack Obama. As the US Senate continues the heated debate over repealing the Affordable Care Act implemented under Trump’s predecessor, the IMF …

Adama Barrow: how do you solve a problem like The Gambia? Banjul, Gambia | AFP |  Six months ago, businessman and political novice Adama Barrow took power in Africa’s smallest mainland country after delivering a stunning defeat against ex-leader Yahya Jammeh, who had ruled brutally for 22 years. When Barrow …

IMF to launch new form of aid – with no money Washington, United States | AFP |  The International Monetary Fund announced Wednesday it will launch a new tool to support governments in financial trouble: one that involves no money. Instead of providing cheap loans to countries, the new IMF …

Benghazi, Libya | AFP | The head of Libya’s National Oil Company announced on Wednesday that oil production is expected to reach 1.25 million barrels per day by the end of 21017. NOC president Mustafa Sanalla said, however, that “despite a surge of more than one million bpd” oil production would …

Gahara, Rwanda | AFP | Inside a metal shed in southeastern Rwanda, Nicholas Hitimana brandished a plastic container holding a green liquid: geranium essential oil, freshly distilled and ready for export at more than $200 (175 euros) a kilo. The pioneer of essential oils in Rwanda, Hitimana said he understood …

Mogadishu, Somalia | AFP |  Somalia rejoined the world wide web on Monday, more than three weeks after internet access was cut when a container ship damaged an undersea cable connecting the Horn of Africa nation to the world. “The technical issue, which has disrupted the internet connection, is resolved …