Rwanda is a small nation making a big impact in the world economy. Given its history of instability and poverty, the country’s economic transformation is dramatic. From a war-ravaged country to a…
Category: Economy
Strategies for combating the rising cost of living in Kenya
The escalating cost of living in Kenya is a major concern and requires urgent attention. In order to effectively combat this problem, the Kenya government should implement various strategies and policies. One…
How Railways in South Africa Drive Economic Success
The railway system in South Africa is extensive and well-developed, having been built up over many years to support the country’s strong economy. The railways have played a major role in driving…
Zambia: Road To Major Debt Relief
Zambia is on the road to finalise a major debt relief agreement that is expected to reduce its durden and help reinvigorate the country’s economy. The agreement, which must be approved with…
Kenya’s Unrelenting Depreciation and Public Debt
In recent years, Kenya has experienced a relentless depreciation of its native currency, the shilling. Unfortunately, this development has created a chain of negative repercussions for the country and its citizens. One…
Kenyan Shilling: How the Depreciation is Affecting Businesses
The depreciation of the Kenyan shilling against the US dollar has resulted in a number of economic issues for businesses. Businesses are forced to face rising costs due to the increased cost…
How the IMF is transforming Africa economies
From economic stagnation to accelerated growth, the International Monetary Fund (IMF) is playing an integral role in transforming Africa’s economies. In the last decade, the IMF’s technical assistance and financial support has…
The scary reality of public debt in Africa
It’s no secret that, in the last few years, public debt in Africa has skyrocketed to alarming rates. On average, African governments owed about $402 million to lenders and foreign governments in…
US Dollar Millionaires in Africa: The growing trend of riches
US Dollar millionaires have been on the rise in Africa since the early 2000s and it is a trend that has been gaining popularity. This growing trend of riches has been characterised…