Category Archives: Economy

17Jul/23

A special gift at the tomb of Yuan Longping


Recently, a special gift – a bowl of hybrid rice from Africa, appeared at the tomb of Mr. Yuan Longping, father of the hybrid rice. The gift was brought by Rakotoson Philibert, former Secretary General of the Ministry of Agriculture of the Madagascar Republic, who came to China for the third China-Africa Economic and Trade Expo. A simple bowl of rice harbored the sincerest commemoration from the Madagascar people. Continue reading

27Jun/23

Report: ‘Global scam economy’ thriving in 2023

The COVID-19 pandemic catalyzed a digital payments revolution, forever reshaping expectations. Today’s consumers demand flexible, real-time payment options throughout their digital journeys. As banks, fintechs, retailers and other businesses modernize and add apps and offerings to keep pace, criminals cash in on weaknesses at every turn. How are professional fraud fighters striking back? A payments fraud study by Javelin and analytics leader SAS explores the fraud climate in 12 countries and offers eight recommendations for curbing the deluge. Continue reading

23Jun/23

Is zambia the cinderella of Africa, poor indebted by wicked China and saved by the western prince?

23 June 2023 /Economy/– Zambia’s recent debt restructuring deal with its creditors is a major step forward for the country’s economy. The deal will allow Zambia to access much-needed financial resources to help it recover from the COVID-19 pandemic and stimulate economic growth.

In the short term, the deal will likely lead to a decrease in Zambia’s debt servicing costs, which will free up funds that can be used for other purposes, such as infrastructure development and social programs. This will help to boost economic growth and improve living standards for Zambians. Continue reading

21Jun/23

Europe cannot survive without Africa

June 21, 2023 /World/ — The statement that “Europe cannot survive without Africa” is a bit of an exaggeration. While Europe does rely on Africa for a number of resources, it is not entirely dependent on the continent. However, it is true that Africa plays an important role in the European economy.

Here are some of the ways in which Africa contributes to the European economy: Continue reading

31May/23

It is not illegal to be LGBTQ

May 31, 2023 /Lifestyle/ –Uganda is a relevant country on the global scale for a number of reasons, including its strategic location in East Africa, its large population, and its natural resources. The country is also a member of the United Nations and the African Union, and it plays an important role in regional security and development.

However, Uganda’s anti-LGBTQ laws have made it a target of international criticism. In 2014, the Ugandan Parliament passed a bill that would have made same-sex sexual activity punishable by life in prison. The bill was met with widespread international condemnation, and it was eventually withdrawn. However, the country’s anti-LGBTQ laws remain in place, and LGBTQ people in Uganda continue to face discrimination and violence. Continue reading

29May/23

United States of America: Staff Concluding Statement of the 2023 Article IV Mission

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments. Continue reading

17May/23

Zambia, Zimbabwe and Malawi is one country

May 17, 2023 /Econonmy/ – If Zambia, Zimbabwe and Malawi became one country again, it would be a major development with far-reaching implications for the region. The new country would have a population of over 70 million people, making it the third most populous country in Africa after Nigeria and Ethiopia. It would also have a land area of over 1 million square kilometers, making it the 13th largest country in Africa. Continue reading

30Apr/23

The book “China in Africa, the Zambia Story” by Ambassador Anthony Mukwita

27 April 2023 /Economy/ — The book “China in Africa, the Zambia Story” by Ambassador Anthony Mukwita tells the story of the relationship between China and Zambia. The book begins with a brief history of Zambia, followed by a discussion of China’s economic and political interests in Africa. Mukwita then goes on to describe the various ways in which China has interacted with Zambia, including through trade, investment, and aid. He also discusses the impact of China’s presence in Zambia on the country’s economy, politics, and society.

Here are some of the key takeaways from the book: Continue reading

29Apr/23

Which types of jobs are threatened by AI and automation?

April 28, 2023 /Economy/ — Generative AI is a type of artificial intelligence that is capable of generating text, images, and other content that is indistinguishable from human-created output. This technology has the potential to automate a wide range of tasks that are currently performed by humans, including customer service, data entry, and even creative writing.

The Goldman Sachs report predicts that generative AI could automate 18% of work globally, with the effects felt most deeply in advanced economies. This is because advanced economies tend to have a higher concentration of white-collar jobs, which are more susceptible to automation. Continue reading