Tag Archives: economy

Pretoria, South Africa| Jakkie CILLIERS | ISS TODAY|  As part of the ‘Africa rising’ narrative, much has been made of the continent’s growth story. The global recession of 2007/8 hit Africa hard, but it remained remarkably resilient, with growth forecast to 2030 at around 1.3% faster than average growth rates …

Washington, United States | AFP | The World Bank is keeping its forecast for global growth in 2017 unchanged, because for the first time in years, no new risks have arisen to threaten the outlook. “Over the past four years this is the first time we didn’t have a downgrade …

  Budget provided biggest share of Sh4.6 trillion to the works and transport sector representing 21%. The Sh29 trillion national budget approved by Uganda’s Parliament on Wednesday provides its biggest share to the works and transport sector  with an allocation of sh4.6 trillion representing 21%. While presenting the financial year …

Uganda’s Parliament has passed a Sh29 trillion budget for fiscal year 2017-18 on deadline day Wednesday despite stiff opposition to the amount of loans. Parliament only moved to consider the Appropriation Bill,2017 which is the final stage of the budget process, after the Deputy Speaker suspended The House for 15 minutes …

Lagos, Nigeria | AFP |  It’s only when the thick smog of humidity and pollution lifts that the size of Lagos becomes clear: from above, the megacity of some 20 million people seems to stretch out to infinity. Not even the Atlantic Ocean appears to be able to stop its …

Cairo, Egypt | AFP |  Ramadan is a time for daytime fasting and lavish evening feasts, but Egyptians are scaling back preparations for the Muslim holy month this year after austerity measures fuelled decades-high inflation. At a Cairo supermarket, Rana, a web designer and mother of two, said she was …

Abu Dhabi, United Arab Emirates | AFP |  The renewable energy sector employed 9.8 million people worldwide in 2016, marking a sharp increase from 2012, the Abu Dhabi-based International Renewable Energy Agency said on Wednesday. In its “Renewable Energy and Jobs – Annual Review 2017”, IRENA says the sector employed …

Brazzaville, Congo | AFP | Congo broke ground on a new Chinese-funded parliament building in the capital Brazzaville on Monday estimated at over 52 million euros ($58 million). The investment from China’s government was criticised by opposition groups which pointed out that Congo is in the midst of an economic …

Dakar, Senegal | AFP |   West African schoolgirls, some not yet teenagers, have taken a starring role at an engineering competition in Senegal, busting stereotypes with robotics expertise and innovative projects for their communities. The Pan-African Robotics competition (PARC) in the Senegalese capital Dakar on Saturday reflects the growing …

Beijing, China | AFP |  Slapping import bans on products like mangoes, coal and salmon has long been China’s way of punishing countries that refuse to toe its political line. But Beijing has shown that it can also hurt others by cutting a lucrative Chinese export: tourists who normally flock …