Category Archives: Economy

23Feb/15

Struggling Zimbabweans place their bets on chance

With the Zimbabwe economy in a continued spiral and the unemployment rate at above 80 percent a new craze of making money has emerged with betting and punting taking centre stage. Hundreds if not thousands of mostly males of various age groups are now taking to betting on sports especially football and horse racing in the fight to make a living.
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14Feb/15

Small businesses in Equatorial Guinea count their profits after AFCON

Juan Obama won the African Cup of Nations in Equatorial Guinea this month, not as a player for the champions Ivory Coast, but as a Taxi driver. Juan had his busiest and most profitable month ever.
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13Feb/15

Nigerian central bank chief pleads for calm as naira tumbles

Nigeria’s central bank chief insists that there is “no need to panic” about a slide in the currency, despite figures showing that the bank had burned through over 110 million U.S. dollars a day, whilst trying to defend the Naira.

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13Feb/15

Africa’s largest economies feel the heat

(BVO) – South Africa’s parliament descends into chaos.

Protesters stormed the building, demanding President Jacob Zuma pay back some of the taxpayers’ funds used for a $23 million upgrade of his rural home.

It’s been a turbulent time for the economy, too.
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