Resilience through tough times: East Africa’s economic recovery hindered by debt and deficits

The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]

Uganda races to halt outbreak of Ebola, with seven cases, one death reported so far

Two days after announcing an outbreak of Ebola, Uganda has confirmed seven cases of the contagious disease, as authorities try to track down 43 contacts of known Ebola patients The authorities in the East African country are also investigating seven other deaths as suspected cases of a strain for which they do not have a […]

The fall of Algerian dinar augurs ill for Algeria’s social peace

The Algerian government has devalued the Dinar on the back of dwindling foreign exchange reserves provoking high inflation and concerns of violent unrest. Since the end of the era of expensive oil in 2014, the Algerian dinar took a plunge and now trades for 200 dinars per Euro in the black market. From 200 billion […]