economy

economy

  • Zimbabwe's Health System in Crisis

    Economists, government officials and health experts agree that Zimbabwe’s deepening economic crisis is severely affecting the government’s ability to fund public health delivery and restricting poor people access to healthcare.

    The economy showed signs of modest improvement under the government of national unity (GNU) between 2009 and 2013, however industry has been performing poorly and company closures have increased since the Zimbabwe African National Union – Patriotic Front (ZANU-PF) won the general elections in July 2013.

    John Robertson, an independent economist based in Harare, expresses that, “It is not surprising that people’s right to health has been compromised by the state of the economy” and that, “Health services are suffering a funding deficit because of the current economic crisis, which has worsened in the post-GNU period.”

    To read an article titled, “Zimbabwe's health system in crisis,” click here.

    Source: 
    IRIN News
  • Government Ignored TRC Recommendations

    The South African government has ignored recommendations given to it after the Truth and Reconciliation Commission (TRC), and this has damaged South Africans’ chances of reconciliation.

    Speaking in a panel discussion, Alex Boraine, former vice-chairman of the TRC, insists that reconciliation was ‘dead on the vine’ as it was not coupled with economic justice, and this had not happened.

    Boraine further adds that, “The TRC discovered the truth and brought about healing. Unfortunately its momentum was lost when the government took forever to implement some of the recommendations and completely ignored others.”
     
    To read the article titled, “Government failed us’ after TRC,” click here.

    Source: 
    IOL News
  • Youth Should Play in Developing Africa

    The Deputy Minister of International Relations and Cooperation, Luwellyn Landers, says that young people should play a pivotal role if Africa’s envisaged development is to be realised.

    Addressing a national youth consultative forum on the African Union’s Agenda 2063, Landers affirmed that, “We are fully cognisant that the young people of today are the main players and partners if we wish to move the process of the development of the continent forward.”

    He added that the vision projected in Agenda 2063 can only be achieved through the active engagement and participation of the African youth who will deliver to the younger generations 50 years from now.

    To read the article titled, “Africa’s hope is its youth - Luwellyn Landers,” click here.

    Source: 
    City Press
  • NDP Implementation to be Accelerated

    The government intends to accelerate the implementation of the National Development Plan (NDP) in a bid to unlock the country's growth potential.
     
    According to Communications Minister, Faith Muthambi, the government is alive to the growth challenges that the country faces, following a Cabinet meeting.
     
    “Government is committed to improving the regulatory environment, reducing skills shortages and accelerating its infrastructure investment programme as part of removing obstacles that are constraining growth,” she explains.
     
    To read the article titled, “Govt to speed up NDP implementation,” click here.

    Source: 
    Fin 24
  • Women Still Marginalised in Africa - IWF

    The International Women's Forum (IWF), a global organisation of prominent women of significant and diverse achievements, says that women are still marginalised in different sectors of the economy across Africa.

    IWF president, Dr Vuyo Mahlathi, points out that a lot has to be done to ensure women’s participation in the economy.

    The IWF hosted women from different parts of the world for an annual conference to focus on issues affecting women in Africa.

    To read the article titled, “Women still marginalised in Africa: Mahlathi,” click here.

    Source: 
    SABC News
  • World Bank Predict Negative Growth for Zim

    The World Bank says Zimbabwe could be headed for negative growth by 2016 if no measures are taken to halt the decline.

    In its latest Global Economic Prospects Report for 2014, the global lender has revised downwards the country's growth to two percent, further predicting that 2015 will see further slump to one percent.

    Zimbabwe is in the throes of deflation caused by a decrease in the demand for consumer goods and falling prices.

    To read the article titled, “World Bank predicts negative growth for Zimbabwe by 2016,” click here.

    Source: 
    SABC News
  • Zimbabwe's NGO Sector Feels the Pinch

    Zimbabwe’s civil society organisations are reeling from the global financial crisis as donor aid slows down due to the country’s nagging political deadlock which has dragged on for years.

    The situation has also led to a number of non-governmental organisations (NGOs) reportedly scaling down operations because of lack of funding.

    The NGO sector is moving away from being a growing sector that is heavily involved in various activities, ranging from social justice, food aid, health services and education to providing water purification tablets during a severe cholera outbreak.

    To read the article titled, “Zimbabwe's embattled NGO sector feels pinch,” click here.

    Source: 
    Mail and Guardian
  • GDP Risks Two Percent Decline

    The South African Institute of Race Relations (SAIRR) has warned that the Gross Domestic Product (GDP) in South Africa risks declining below two percent this year.

    SAIRR chief economist, Ian Cruickshanks, says that the decline will negatively affect government revenue, infrastructure development and job creation in the country.

    Cruickshanks, who is of the view that the ongoing platinum strike would trigger the decline, states that, “Clearly we getting no input from mines and if we have a look at Commerce and Industry in South Africa, the confidence level, business confidence is at a very low level.”

    To read the article titled, “SA GDP risks two percent decline,” click here.

    Source: 
    SABC News
  • Malawi Development Bank to Revamp the Economy

    Malawi’s ruling party, the People's Party (PP), has disclosed plans to establish a Malawi Development Bank with loan access at low interest rates in an effort to reduce poverty through sound economic management and governance.
     
    In its manifesto, "The PP recognises that economic management and good governance are central to a transformational poverty reduction agenda.”
     
    However, it points out that the main challenge of maintaining macro-economic stability is that Malawi faces significant internal and external imbalances.
     
    To read the article titled, “Malawi Development Bank to revamp the economy,” click here.

    Source: 
    All Africa
  • No Brand SA Delegation at WEF

    Brand South Africa has cancelled its plan to attend this week’s high-level gathering of the World Economic Forum (WEF) in the Nigeria’s capital Abuja because of security fears after two bombings and the mass abduction of schoolgirls in the country.

    In a letter to its stakeholders, South Africa’s key marketing body points out that, "South Africans travelling to Nigeria can expect to be reasonably safe although they should exercise due caution and vigilance.”

    It further adds that its delegation will not be travelling to Abuja due to the inability to secure additional security services for its delegation.

    To read the article titled, “Brand SA to miss WEF summit over Abuja bomb fears,” click here.

    Source: 
    BDLive
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