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Africa Cannot Grow Unless Nigeria Grows – World Bank

Africa Cannot Grow Unless Nigeria Grows – World Bank

World Bank said it takes Nigeria as a “high priority” in its considerations on how to promote ideas and programmes that can aid development of the African region. The bank said it was looking forward to ways it can assist the Nigerian economy to grow faster and achieve developmental goals. World Bank vice president , […]

Rwanda’s Economy Grows By 10.6% in First Quarter

Rwanda’s Economy Grows By 10.6% in First Quarter

Rwanda’s economy grew 10.6 per cent in the first quarter of 2018, figures released by the Ministry of Finance and Economic Planning yesterday indicated. The positive performance indicates that the economy has fully bounced back from a low economic growth of 1.7 per cent recorded in the first quarter of 2017. In the first quarter […]

Zimbabwe Informal Sector 6th Biggest in Africa

Zimbabwe Informal Sector 6th Biggest in Africa

Zimbabwe’s informal sector could be the sixth largest in the Sub-Saharan region, contributing between 40 percent and 50 percent to economic growth — an estimated $7 billion — especially for the four-year period between 2010 and 2014, according to the latest International Monetary Fund (IMF) working paper. The country’s gross domestic product (GDP), which measures […]

Africa is Not Poor, We Are Stealing Its Wealth

Africa is Not Poor, We Are Stealing Its Wealth

It’s a simple statement, repeated through a thousand images, newspaper stories and charity appeals each year, so that it takes on the weight of truth. When we read it, we reinforce assumptions and stories about Africa that we’ve heard throughout our lives. We reconfirm our image of Africa. Try something different. Africa is rich, but […]

Salvaging NRZ, Zisco and Hwange Colliery from total collapse

Salvaging NRZ, Zisco and Hwange Colliery from total collapse

Meanwhile, the minimum wage levels in the rest of the region only increased at average annual rates way below that level — 19 percent in Zambia, 6,3 percent in South Africa, 5,9 percent in Mozambique and only two percent per year in Botswana over the same period. While wage levels increased disproportionately in Zimbabwe, regional […]

Malawi Facing Population Explosion ‘Time Bomb’ – Teen Pregnancy Soars

Malawi Facing Population Explosion ‘Time Bomb’ – Teen Pregnancy Soars

Malawi is said to be sitting on a ticking time bomb as the population is booming, according to figures contained in the latest Malawi Demographic and Health Survey (MDH) released last week. The country’s population is growing at a rate of 3.32 percent per annum while Gross Domestic Product (GDP) growth late is at 2.9 […]

Zambia Exports to India Hit U.S.$475 Million

Zambia Exports to India Hit U.S.$475 Million

INDIA’s global imports stood at over US$300 billion between 2015 and 2016, with Zambia contributing US$ 475.4 million. Minister of State for Commerce and Industry Smt. Nirmala Sitharaman said Zambia contributed $ 475.4 million to India’s global imports during the period under review which stood at $ 381,006.6 million. Ms Sitharaman said India’s major import […]

Trump calls China’s bluff on a naval arms race in the South China Sea

Trump calls China’s bluff on a naval arms race in the South China Sea

As China’s parliament, the National People’s Congress, meets this week in Beijing, one problem is on everyone’s mind: China’s surging levels of government and private sector debt. For the past two years, China has been floating its economy on a massive wave of deficit spending. State-owned firms, state-owned banks, local governments, and the central government itself […]

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