Browsing Category
Crisis
7 posts
South African rand drops as dollar jumps on US jobs report
South Africa’s rand dropped sharply against the dollar in Friday afternoon trade in Johannesburg, as a U.S. jobs…
President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka
Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to…
Notorious Benjamin Wey Sues Sri Lanka For $250 Million
London (05/11 – 44.44) Benjamin Wey, a Chinese-American financier, founder of Fintech Holdings and a history of legal…
Sri Lanka’s Worst Economic Crisis In Decades
Rome (16/11 – 57) Sri Lanka is mired in a deep political and economic crisis and the country’s then President Rajapaksa has flown out of the country,…
Zimbabwe Union Flags Mental Health Concern Due to Economic Hardship
Economic hardships, high inflation and the rising cost of living are driving Zimbabweans to suicide. Last week teacher…
Zimbabwe President Pledges Economic Revival as Election Campaign Kicks Off
Zimbabwean President Emmerson Mnangagwa vowed to do “what we can to remain in power”, promising to revive an…
South Africa’s Economy Avoids Recession With Slim First-Quarter Growth
South Africa recorded slight growth in the first quarter of 2023, shoving off the spectre of recession, according…