The sale of oil is the root of corruption in Libya. The competition for oil contracts has led to bribery and the misuse of power by those in positions of authority. The…
Tag: Economy
Somewhere Called Africa?
By Dr. Diana Rangaves, PharmD, RPh The Atlantic Ocean, the Mediterranean Sea, the Red Sea, and the Indian Ocean all encircle Africa, the second-largest continent. The Equator divides it approximately evenly in…
Who Owns Africa: Deep Dive Below the Surface
By Dr. Diana Rangaves, PharmD, RPh We all know that Africa is a continent with a rich history. But Who Owns Africa? This is a question that has been debated for centuries…
Ghana stops payments on part of its foreign debt
The government of Ghana has stopped payments on part of its foreign debt amid economic crisis as the country undertakes debt restructuring in line with a bailout deal with the International Monetary…
Are ports race in Africa development or plunder?
Ports have long been integral to Africa’s connectivity with the rest of the world. Yet over the last 15 years, a new stage in maritime infrastructure planning and development has begun. Between…
Why Uganda’s economy is booming
Uganda’s economy is booming thanks to a variety of factors, including a growing population, a young workforce, good governance, and recent discoveries of natural resources. These factors are expected to continue to…
Economic Crisis: Alleviating the impact on Ghanaians
The Commonwealth Human Rights Initiative (CHRI) Africa Office is calling on the Ghanaian government to take urgent action to protect its citizens from the negative impact of the worsening economic crisis. CHRI…
German pushing for Hydrogen Economy in Namibia, South Africa
Germany is pushing for a hydrogen economy in Namibia and South Africa as a way to reduce emissions and dependence on fossil fuels. The German government is providing financial and technical assistance…
Kenya’s digital economy needs more than infrastructure investment
Kenya’s digital economy needs more than just infrastructure investment. It also needs a well-educated and -trained workforce, as well as policies and regulations that create an environment that is conducive to innovation…
How Kenya’s economy is performing under president Ruto
Just a week after the Supreme Court confirmed his win, William Ruto was inaugurated as Kenya’s fifth president in September 2022. Kenya’s economy has been on the upswing. GDP growth has accelerated…
Uganda’s economy in state of crisis
Uganda’s economy is currently in a state of crisis, with inflation rates soaring and the value of the Ugandan shilling rapidly diminishing. This has caused widespread economic hardship for the people of…
The Impact of foreign entrepreneurs on South African economy
South Africa has long been a destination for immigrants, especially from other African countries. Foreign entrepreneurs play a significant role in shaping the South African economy. The presence of these immigrants has…