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Wednesday, 7th December 2022
9:25:42am

Economy

Articles related to economy

Ghana to swap local debt in fight to regain economic stability

Ghana asked investors to exchange around $9 billion in domestic debt for new bonds on Monday (Dec.5) to ease a crunch in payments as the government negotiates an IMF bailout during its worse economic crisis in decades.

Finance Minister Kenneth Ofori-Atta said the debt exchange starting Monday would seek to exchange around 137 billion cedis or $9.7…

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Kenya's Ruto launches flagship credit scheme for poor

Kenyan President William Ruto officially launched his "resourceful fund" on Wednesday, the flagship measure of his campaign intended to give the poorest access to credit and revive the economy of this African country "from below". 'East.

The Head of State, who presented himself during the presidential campaign on August 9 as the herald of the…

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Water levels in Zimbabwe's biggest dam too low for power

Electricity shortages that have been plaguing Zimbabwe are set to worsen after an authority that manages the country's biggest dam said water levels are now too low to continue power generation activities.

The Zambezi River Authority, which runs the Kariba Dam jointly owned by Zimbabwe and neighbouring Zambia, said in a letter dated Nov. 25 that…

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March against Uganda oil pipeline in Paris

Environmental activists, religious figures and believers protested Tuesday in Paris against the mega oil projects of the French group TotalEnergies in Uganda and Tanzania, a first action led by the movements Extinction Rebellion Spiritualities and GreenFaith.

"Deliver us from Total", "Warm hearts, not pipelines": they were about thirty gathered in…

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Tanzania begins rationing electricity due to drought

Tanzania has begun rationing electricity due to a drop in hydroelectric output after a severe drought, the national power company said Wednesday (November 24), with some areas facing nine-hour blackouts.

The East African country can produce nearly 1,695 megawatts of power from hydroelectricity and natural gas, among other sources.

But it is…

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