The world economy seems to be gaining momentum, according the chief economist of the International Monetary Fund. Writing in the IMF's new World Economic Outlook, Maurice Obstfeldt said "we could be at a turning point". The report forecasts global growth this year of 3.5%, up from 3.1% predicted in 2016.
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A latest study has indicated that Africa’s elephant population has fallen by a massive 30% since 2007. The shocking revelation is contained in a country-by-country analysis conducted by SafariBookings.com to gain a better understanding of the rapid decline in Africa’s elephant population. Since 2007, elephants have been in severe decline,
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Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria. It comes after emails were published showing Shell negotiated with Dan Etete, who was later convicted of money laundering in a separate case. Shell and an Italian
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Following weeks of public nominations from across the continent and its Diaspora, the final nominees for the much-anticipated New African Woman Awards 2017 have been announced. The awards, in their second edition are organized by the New African Woman magazine. Uganda’s Rhoda Peace Tumusiime has made it to the list
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United Bank for Africa (UBA), Africa’s Global Bank operating in 19 African countries, has announced the promotion of 3,000 staff members, reinforcing its commitment to human capital investment and career progression despite the current challenging operating circumstances. Promotions were made across UBA’s global network. In a letter written on Monday,
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In August 2016, Kenyan President Uhuru Kenyatta signed into law a bill limiting how much interest banks can charge for loans, despite assertions by top government officials that the legislation would damage access to credit in East Africa’s biggest economy. Lawmakers in the nation, which eliminated interest-rate limits in July
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Uganda youth have scooped the 2nd position in Sub-Saharan Africa (SSA) in as far as betting is concerned, a latest report has revealed. According to a recent GeoPoll rapid survey carried out among youth between the ages of 17-35 in Uganda, Kenya, Tanzania, Ghana, Nigeria and South Africa, most youth
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German automakers Mercedes Benz and Volkswagen will recall nearly one million vehicles in China, according to the country's quality regulator. Mercedes Benz will recall nearly 400,000 vehicles of different models produced between May 2015 and February 2017 due to concerns that parts of the ignition circuitry could overheat under some
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