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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Economic Crisis

7 Results / Page 1 of 1

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Africa

Ghana’s Economic Crisis Dominates Election Campaign

Public frustration over Ghana's economic struggles, including soaring prices and high unemployment, has overshadowed the lead-up to Saturday's general election. CNBCAfrica reports that support for outgoing President Nana Akufo-Addo and his New Patriotic Party has waned, as the country faces its worst economic crisis in decades. Protests over the cost of living and turmoil in key industries, such as cocoa and gold, have further fueled discontent.

todayDecember 5, 2024 4

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Business / Economics

Economist Urges Reforms as South Africa’s GDP Shrinks by 0.3%

In S.A, North-West University Business School economist, Raymond Parsons, has called for urgent economic reforms following the disappointing gross domestic product growth figures for the third quarter, when it decreased by 0.3-percent. Parsons calls for more investment and faster reforms from both the public and private sectors to drive job-rich growth and improve the economy:  

todayDecember 4, 2024 13

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South Africa

Cosatu Expresses Disappointment with S.A’s Treasury’s Economic Strategies

  S.A union, Cosatu says it remains underwhelmed and disappointed by the Treasury’s continued approach to tackling South Africa’s deep-seated economic and governance crises. The union federation was responding to the Medium-Term Budget Policy Statement. Cosatu’s, Matthew Parks, says the fundamental challenges facing the nation are a stagnant economy and a rising unemployment rate of 42.6-percent:  

todayOctober 31, 2024 23

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Africa

Nigeria under cost of living pressure: 8 essential reads on rising tensions

        By Adejuwon Soyinka, The Conversation     In recent times, Nigeria, Africa’s largest democracy, has been under intense pressure. Assailed by rising inflation, food insecurity and the rising cost of fuel and energy, Nigerians have had to endure diminished purchasing power, hunger and youth unrest. These factors have led to agitations by various segments of society, including demands for higher wages by government workers. At The […]

todayAugust 1, 2024 23

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Business / Economics

Egypt raises fuel prices as part of IMF-backed reforms

      Egypt announced Thursday a 15-percent increase in petrol prices, part of a reform package requested by the International Monetary Fund to proceed with a $5 billion loan to the cash-strapped government. The Egyptian petroleum ministry said the price hike would come into effect on Friday. The announcement comes ahead of an IMF meeting on Monday to review the April payout package, unlocking $820 million in funds after […]

todayJuly 25, 2024 10

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Africa

The IMF is failing countries like Kenya: why, and what can be done about it

        By Danny Bradlow, University of Pretoria     The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy. To be sure, the IMF is not the only cause of Kenya’s problems with raising […]

todayJuly 3, 2024 10

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