Economy

Zambia: Economy Dominates Zambia’s General Election

A new president and parliament is being elected in Zambia under difficult circumstances. The economy is crumbling and human rights are being violated in a former model democracy in Africa.

Heavily armed soldiers are on patrol in Lusaka, the capital of Zambia. Their deployment came as tensions and violence between the political camps increased in the runup to the August 12 parliamentary and presidential elections.

Supporters of the government and the opposition — armed with machetes, axes, knives and slingshots — have repeatedly clashed in various parts of the country since campaigning began in May.

After two people — supporters

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How Bitcoin Can Revitalize the Economy

Like the other cryptocurrencies, Bitcoin’s legal status is unclear. What’s more, Bitcoin’s role in most national economies and regional markets is still under investigation. On the other hand, some countries are implementing restrictions preventing people from engaging in crypto businesses. In some countries, the government has banned Bitcoin completely. That means the crypto sector is in a regulatory limbo state.

However, some experts argue that Bitcoin and other virtual currencies can revitalize the economies of some countries. That’s why in countries like India, people are fighting cryptocurrency bans. Essentially, many people believe that Bitcoin could spark significant economic growth in

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Cameroon bets on local manufacturing to boost economy

She thought it was a “crazy gamble” at the time, but four years on, Gaelle Laura Zambou Kenfack has never looked back since creating a firm to produce and sell “Made in Cameroon” items.

Zambou returned to Cameroon at the end of 2016 after 10 years working as a consultant for BMW in Germany, the one-time colonial power in the central African country of some 25 million people, highly dependent on imports.

Other business leaders like her are betting on the “Made in Cameroon” (MIC) mark — a concept formally launched by the private sector five years ago to promote

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UK economy rebounds in second quarter as lockdown eases | The Guardian Nigeria News

Britain’s Chancellor of the Exchequer Rishi Sunak speaks with previously furloughed staff at the London Wonderground comedy and music festival venue in London, on August 5, 2021. (Photo by PETER NICHOLLS / POOL / AFP)

Britain’s economy rebounded 4.8 percent in the second quarter as the government began relaxing lockdown restrictions, official data showed Thursday.

The strong growth recovery was fuelled by consumer spending, while the government continued to provide massive financial support by for example paying the bulk of private-sector wages.

But the rebound faces challenges as a jobs protection programme is set to end in September and global

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Creating a transparent digital economy and rebuilding trust

  • The digital economy in the US is expanding four times faster than the overall economy.
  • Yet consumers remain concerned about the way data is collected and how it’s used to influence behaviour.
  • Companies and regulators must strengthen data privacy and enhance transparency to build trust and protect the benefits of digital innovation.

The benefits of digitization are growing. Even before COVID-19 struck, digital goods and services were expanding four times faster than the overall economy in the US. Then video conferencing, online shopping, telemedicine and the like, enabled tens of millions of people around the world to adapt after the

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Fintech is booming, despite a weak economy. Can that last?

THE BUZZ about fintech in Lagos, the commercial capital of Nigeria, is so loud that even those without access to the internet cannot miss it. Flashing billboards advertising Kuda, a digital bank, loom over traffic jams, and signs for Paga, a mobile-payments company, adorn thousands of corner shops. Investment has been flowing in, too. In March Flutterwave, a digital-payments firm, raised $170m, making it Africa’s latest unicorn (ie, a startup valued at more than $1bn). Interswitch, a payments processor, acquired its horn in 2019 when it sold a 20% stake to Visa, a credit-card company. Last October Stripe, the

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Oil Prices Down Over China’s Economy, Output Rise Concerns

Oil prices were down by more than $1 yesterday on worries over China’s economy after a survey showed growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by a rise in oil output from Organisation of Petroleum Exporting Countries, (OPEC) producers.

Brent crude oil futures skidded $1.12, or 1.5 per cent to $74.29 a barrel while US West Texas Intermediate (WTI) crude futures dropped 97 cents, or 1.3 per cent to $72.98 a barrel after slipping to a session low of $72.87.

“China’s been leading economic recovery in Asia and if the pullback deepens,

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PIB will destroy our economy, must be stopped – Northern group tells NASS

The Coalition of Northern Groups, CNG, has declared that the Petroleum Industry Bill, PIB, would weaken the Northern economy.

CNG said the PIB would have a devastating effect on the economy of the North because residents would be forced to buy fuel at “disabling inflated prices.”

Abdul-Azeez Suleiman, the group’s spokesman, made the remark while cautioning the National Assembly against passing the Bill.

In a statement, Suleiman said: “The CNG, having been convinced that the Bill, if passed and implemented would be the final nail that will permanently seal the fate of the North economically and socially, hereby resolves to:

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COVID-19, poor economy trigger low investment in warehousing | The Guardian Nigeria News


Except the Federal Government reviews its economic policies, increase manufacturing activities and provide conducive environment for export, Nigeria’s industrial warehouse space may continue to nosedive, stakeholders have warned.

They said poor state of the economy, which worsened following insecurity in the country, rising exchange rates and outbreak of COVID-19 necessitated the growth of logistic firms and shift in demand for industrial to commercial and medium-size warehouses by investors.

A recent real estate report by Ubosi, Eleh and Company showed that the demand for warehouse around several cities in the country is not expected to increase despite the sustained growth in

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Jega portraying ignorance… unlike APC, we gave Nigeria robust economy

The Peoples Democratic Party (PDP) has cautioned Attahiru Jega, a former chairman of the Independent National Electoral Commission (INEC), against comparing the party with the ruling All Progressives Congress (APC).

Jega, in an interview with BBC Hausa, warned Nigerians against reelecting the PDP and APC into office in subsequent elections, citing their alleged failure to bring development to the country in the past 20 years.

While the PDP ruled the country from 1999 till 2015, the ruling APC took over power in 2015.

In a statement on Monday, Kola Ologbondiyan, national publicity secretary of the PDP, said the

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