Tuesday, 28th March 2023


Articles related to economy

US Vice President Harris promises greater investment for Africa

U.S. Vice President Kamala Harris said on Sunday that the United States will increase investment in Africa and help spur economic growth as she began a week long tour of the continent aimed at offering a counter to the influence of rival China.

China has invested heavily in Africa in recent decades, including in infrastructure and resource…

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Kenyans cry foul over economic crisis

Hempstone Monari's taxi business had just been launched when his future slipped away and a Kenyan bank auctioned off his car for non-payment of a $9,900 loan.

"They took my car when business was slow," the 29-year-old told AFP, his eyes reddened by tear gas, on the sidelines of a protest that included clashes with police.

Now unemployed and…

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Zambia upbeat about debt agreement

Zambia's Finance Minister said this Wednesday that the country is working hard with creditors, including China, in order to agree a debt restructuring by the end of March or shortly afterwards.

According to Situmbeko Musokotwane, China, Zambia's largest bilateral creditor, was being engaged on the debt restructuring with bilateral engagements on an…

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Zimbabwe turns to coal from China to boost its power supply

Zimbabwe is turning to coal from China to boost its power supply.

The country is struggling to meet its needs as power cuts can last up to 19 hours a day.

The economy depends on Hwange, its largest coal-fired station, for electricity. 

On Monday a new generation unit started operating. It is first of two units, each with a capacity…

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South Africa: Public sector workers protest, demand wage increase

South Africa's largest public sector workers union continued to protest outside various hospitals across the country on Monday. The protest, including union members in health and education, has run into its second week, with heavy law enforcement on display to monitor the rallies.

The National Education, Health and Allied Workers' Union is…

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