Algeria: Budget plans add to political, economic tensions

Algeria: Budget plans add to political, economic tensions

Algerian teachers and medical workers are threatening strikes as the country’s economic woes linger amid low oil prices, and the government proposes tax hikes and salary freezes to stretch the budget. The three-year economic plan released last month also considers reduced food subsidies, with increases in bread and milk prices. Algerian…

Lagarde: Africa’s tech, soft infrastructure are IMF priorities

Lagarde: Africa’s tech, soft infrastructure are IMF priorities

Christine Lagarde, managing director of the International Monetary Fund, said soft infrastructure investment across Africa is a development and investment priority as the IMF encourages a more inclusive – and more vigorous – approach to global economic growth. “More can be done to raise growth now and make it more inclusive,”…

Will Egypt push through Africa’s first free trade agreement?

It’s not often that two former generals-turned-presidents meet on the sidelines of an international conference. Yet this is exactly what happened when former major general and incumbent Nigerian president Muhammadu Buhari met in Cairo with former field marshal and Egyptian president Abdel Fattah el-Sisi. The two gathered in Sharm el…

Sam Maloof

Sam is a major in international relations, currently based in Cairo

Nigeria currency crisis: Naira in a free fall for all

It is no longer news that Nigeria is the biggest market in Africa. Over the past few years, the economy grew at a pace that defied many economic indices to walk the ladder as the number one economy in Africa. However, in recent months, the chicken has come to roast….

Erukilede Julius

Erukilede Julius is a legal practitioner, entrepreneur and energy professional.

Zanzibar: CCM call for election rerun

While the situation remains calm in Zanzibar, the archipelago has not had a parliament since November last year due to questions over the validity of the presidential vote. Even though President John Magufuli was the winner in Tanzania, Zanzibar remains in a confused state of affairs. The semi-autonomous archipelago went…

Nigeria: the missing gaps in the new budget

On December 22 2015, the Nigerian President Muhammadu Buhari presented his inaugural N6.08 trillion budget proposal to the joint session of the Nigerian National Assembly. For an administration which ascended to presidency on the change mantra, Nigerians were not surprised at the modestly reflationary budget geared towards the spluttering domestic…

Erukilede Julius

Erukilede Julius is a legal practitioner, entrepreneur and energy professional.

Burundi chaos threatens EAC credibility

A meeting in Uganda at the end of 2015 to resolve the conflict in Burundi did little to bring hope to the violence ravaged East African nation, serving only to highlight the crisis as the region’s most pressing security issue in the coming year. Last week on December 28 Uganda’s…

Paul Busharizi

Paul Busharizi is currently a contributing editor (Business & Politics) at the Uganda's leading daily the New Vision.

Uganda: out of the frying pan in 2015 and into the fire in 2016?

Ugandans are looking to the New Year with a combination of hope but mostly concern as 2015, a year characterised by economic hardship and rising political tension, winds down. In April the central bank raised its policy rates, a move for which they received a lot of criticism as inflation…

Paul Busharizi

Paul Busharizi is currently a contributing editor (Business & Politics) at the Uganda's leading daily the New Vision.

Zimbabwe: civil servants not paid before Christmas day

In the same week that the Zimbabwean government has failed to pay its civil servants before Christmas day, it was announced that China is cancelling the country’s $40 million in debts. 500,000 government employees are to go without pay until December 28 the Public Service Commission stated. Previously the state…

Africa: imports vs domestic production?

For a continent far behind its peers in all strata of economic and social development but with one of the biggest natural and agricultural resources, economy diversification remains a vital step towards a manufacturing continent. But the socio-economic woes, dilapidated infrastructure and epileptic power supply facing the continent have largely…

Erukilede Julius

Erukilede Julius is a legal practitioner, entrepreneur and energy professional.

Uganda’s tourism gets a shot in the arm

Former Dutch and Barcelona FC striker Patrick Kluivert’s spectacular goal in a weekend exhibition match in Uganda’s capital, Kampala over the weekend, may be the shot that launches a thousand ships towards Uganda’s shores, tourism promoters’ hope. The goal, whose video has been viewed by more than 85,000 people after…

Paul Busharizi

Paul Busharizi is currently a contributing editor (Business & Politics) at the Uganda's leading daily the New Vision.

#Zumamustfall – 3 finance ministers in the past week

#Zumamustfall is the hashtag thousands of South Africans are using for the nationwide protest which is calling for the ousting of President Jacob Zuma. Zuma has faced a massive backlash for dismissing South Africa’s Finance Minister Nhlanhla Nene and replacing him with ANC MP Des van Rooyen. The news was…