Economy

Ugandan economists and officials expressed confidence in the country’s economy and urged investors to ignore a U.S. government advisory about risks they may face if they conduct business there. The advisory, in the U.S. 2023 Investment…
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The U.S. economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, again defying dire warnings of a recession that have lingered since 2022.…
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Zimbabwe's vice president on Wednesday said the country has lost more than $150 billion due to sanctions imposed by the European Union and countries such as the United States following reports of election rigging and human rights abuses in…
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Billions of dollars in international economic aid will be needed to reverse decades of border closures, military operations and de-development in Gaza, according to a report published Wednesday by the United Nations Conference on Trade and…
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Nigerian authorities are praising a London high court ruling Monday that overturned $11 billion in damages stemming from a collapsed gas project between Africa's largest economy and a private company. In a statement, Nigerian President…
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The International Monetary Fund is cautioning African nations about the possibility of a regional economic downturn and the ripple effects that China's slowing economy could bring. Africa and China have forged economic ties over the past…
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South Africa is hosting a summit for participants in the U.S. government's duty-free Africa Growth and Opportunity Act from November 2 to 4 as the act comes up for renewal. Kate Bartlett spoke to the owners of one South African company…
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All of West Maui except for burned-out sections of historic Lahaina will reopen to tourism on Nov. 1 following the deadliest U.S. wildfire in more than century, the mayor of Maui County said Monday. Mayor Richard Bissen said he made the…
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Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don't expect a repeat of the catastrophic price hikes and long lines at the…
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China remains the single leading source of imports to Kenya, accounting for over 20% of total imports, according to the country’s bureau of statistics. Many local manufacturers say the Chinese imports are hurting their bottom line. Juma…
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