News

Tanzania Power Issues Casts Shadow on $12 Billion Debt Plan

 For investors considering financing Tanzania’s proposed 27.6 trillion-shilling ($12.3 billion) borrowing program, the government’s handling of its power utility’s debt problems may give pause for thought. Last month, President John Magufuli fired the Tanzania Electric Supply Co.’s chief executive officer and vetoed its decision to raise electricity prices, ignoring International Monetary Fund advice that higher tariffs […]

Commentary

JJ Omojuwa: Dollar Republic of Nigeria and Babachir Lawal

 And then there was Andrew Yakubu. A thief is a thief but surely, there has to be a difference between a thief who steals and then sends the money abroad to create jobs elsewhere and one who steals and is bold enough to retain the money in the local economy to be some sort of […]

Franck Kuwonu: How Morocco Flexed Economic Muscles For AU Return

 “It is a beautiful day when one returns home after too long of an absence,” King Mohammed VI of Morocco said after the North African country was readmitted to the African Union (AU) at its summit in January. The decision by AU leaders in Addis-Ababa, Ethiopia, capped a swift and remarkable process since the King […]