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Beyond the laudable efforts to clampdown on corruption, and the uncompromising state-led interventionist policies to improve their economies, many experts have observed that Rwanda and Tanzania may be overstating various economic indicators in an effort to omit certain inconvenient truths …Continue reading
Africa remains an enigmatic paradox: a continent rich in mineral resources yet so desperately poor. But the paradox is only superficial: Africa is poor because she is not free.
Only 10 of the 54 African countries can be labeled economic …Continue reading
Each year, I construct a Misery Index. The idea of such an index to measure economic misery was introduced by economist Art Okun in the 1960s as a way to provide President Lyndon Johnson with an easily digestible snapshot of …Continue reading
After peacefully electing President Emmerson Mnangagwa in July, many had hoped the Zimbabwe would emerge from turmoil and return to prosperity. Instead, the country appears to be imploding since the new Finance Minister introduced a raft of measures aimed at …Continue reading
Many years ago, the brilliant Lucius Banda had a lamenting line in one of his haunting songs, in which he mimics an Asian boast: dziko ndi wanu, ndalama ndi wathu (you, Malawians, own the country but we, Asians, have the …Continue reading
China’s footprints are all over the African continent, signing deals with many countries. However, the finer details of China-Africa loans are often kept secret. There are concerns that African countries are mortgaging their natural resources as collateral for the loans. …Continue reading
Economic diversification and investment-driven growth have continued to make East Africa the region with the strongest economic growth on the continent, the latest report from the Institute of Chartered Accountants in England and Wales (ICAEW) has disclosed.
According to the …Continue reading