Pain of devaluation

Wakanda News Details

Pain of devaluation

Malawi is currently grappling with the painful consequences of the devaluation of the Kwacha. Devaluation is a process in which a country’s currency is officially reduced in value relative to other currencies. While it may be used as a tool to address economic challenges, it often comes with a host of problems and Malawi is […]

Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi

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Africa: Why Logistics Will Power AfCFTA and Africa's E-Commerce Export Potential

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Source: allAfrica.com

Malawi Kwacha will soon stabilise, says Chilima

The Malawi Kwacha which has for a long time now been erratic and unsteady, will soon stabilise against devaluation and inflation rates while the cost of living will will be reduced, the Malawi Citizen Number Two, Saulos Chilima has said. The country's vibrant Vice President, Chilima, himself an

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Source: Malawi Nyasa Times - News from Malawi about Malawi

Nigeria: Despite Nigerian Govt's Release of N55.5 Billion to Universities, ASUU Says Strike Inevitable

[Premium Times] ASUU said the condition to avoid another strike is for the government to "immediately sign the renegotiated agreement document completed since May 2021 and also end the evil regime of IPPIS and replace same with UTAS."

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Source: allAfrica.com

Anglicans toast Bishops Thompson, Reid for sterling service

The Diocese of Jamaica and the Cayman Islands on Sunday saluted two of its bishops for a combined 98 years of service to the church in a special appreciation service at the Cathedral of St Jago de la Vega in Spanish Town, St Catherine. The...

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Source: Jamaica Gleaner

Cuba needs deeper economic reform, creditors say - Stabroek News

HAVANA, (Reuters) - Cuba must devalue and deregulate further after taking initial steps this year to restructure its ailing state-run economy and presumably pay off long overdue debt, according to western creditors, business partners and

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Source: Stabroek News - Guyana's Most Trusted Newspaper

‘It nuh fair !’ - Residents of Golden Grove Meadows bemoan exorbitant light bills from JPS

As if their struggle with a sewage issue in their neighbourhood isn’t enough of a burden, the recently relocated ex-sugar workers and their families at Golden Grove Meadows in St Thomas are bemoaning exorbitant light bills, which they say have resulted in numerous disconnections over the past few

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Source: Jamaica Gleaner

Nigeria: Naira Trades At Record Low On Official Market After Devaluation

[This Day] Naira eases to a record low of N419.75 to the dollar on the official market yesterday in a currency devaluation, aimed at unifying multiple exchange rates as lenders quoted the market weaker in late trades.

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Source: allAfrica.com

Vodacom boosted capex by R500-million as pandemic hit - TechCentral

Vodacom pumped an additional R500-million into its network in the first quarter of its 2021 financial year to help cater for surging demand for voice and data services during the Covid-19 lockdown.

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Source: TechCentral

Canada’s residential schools - Stabroek News

The awful history of Canada’s “residential schools” resurfaced this week when the remains of 215 Indigenous children were discovered at a former school. The article Canada’s residential schools appeared first on Stabroek News.

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Source: Stabroek News - Guyana's Most Trusted Newspaper

Blame MPs, senators - Former JCF bosses say failure to update laws hamstrings policing efforts

Three former members of the Police High Command have placed the failure of the Jamaican State to properly police and punish criminals in the last 40 years squarely at the feet of past and current legislators in the Lower and Upper Houses of...

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Source: Jamaica Gleaner

Inflation Worries? Here’s What A Business Needs To Do – The Wilmington Journal

Worried about all the predictions of inflation and how you’ll manage? Relax, you could be doing business in Ukraine, with its dizzying changes from one year to the next. In comparison, inflation over the last [...]

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Holness in property squabble - Juliet suing landowner as upscale St Andrew neighbourhoods seek PM’s intervention in wife’s development

Residents of three upscale St Andrew communities are demanding Prime Minister Andrew Holness’ intervention to address alleged breaches at a housing development linked to his developer wife, Juliet Holness. Juliet was the member of parliament for...

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Source: Jamaica Gleaner

BWB expects K10.2 billion loss - The Times Group Malawi

Blantyre Water Board (BWB) is expected to post a loss of K10.2 billion during the financial year that ends on June 30, the Ministry of Finance has said. This will be the third year running for the water utility to post a loss after recording a negative profit of minus K9.2 billion last year and

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Source: The Times Group Malawi - Breaking news, politics, sports, entertainment and more - The Times Group Malawi

Black Homeowner's Appraisal Doubled After a White Friend Stood in for Her

After leaving her race off appraisal paperwork, removing family photographs and African artwork, and also having a white friend stand in for her during a home appraisal, Carlette Duffy said the third appraisal rose to $259,000. The initial one provided by another company was $110,000.

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Africa: Govt Highlights Opportunities for Nigeria in AfCFTA

[This Day] The federal government has said it is working to ensure that businesses in the country maximise opportunities in the African Continental Free Trade Agreement (AfCFTA).

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Nigeria: Our Cement Price Is Lower in Nigeria Than Other Countries - Dangote

[Vanguard] Management of Dangote Cement Plc has said yesterday that the price of its product per bag from the factory was between N2,450 in Obajana and Gboko, and N2,510 in Ibese, inclusive of VAT.

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Source: allAfrica.com

Black couple’s home was valued $500K higher after they had a White friend pose as the homeowner - Face2Face Africa

Racial discrimination in the housing system in the United States is a systemic problem with several reports over the years exposing the significantly huge gap between Black and White homeowners. Though the reasons for that, including redlining, challenges with securing home loans and undervaluing

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'The Miseducation Of Lauryn Hill' Is Sacred Listening For The Black Community

My Auntie Rhoda's CD collection was the business. I mean, she had albums from Da Brat, India.Arie, Carl Thomas (and any other Black artist who was making waves in the […] The post 'The Miseducation Of Lauryn Hill' Is Sacred Listening For The Black Community appeared first on Essence.

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Uganda: Ghosts of Privatisation Haunt Uganda 30 Years Later

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Source: allAfrica.com

bell hooks, Acclaimed Black Feminist Author and Activist, Dead at 69

NEW YORK (AP) — bell hooks, the groundbreaking author, educator and activist whose explorations of how race, gender, economics and politics intertwined helped shape academic and popular debates over the […] The post bell hooks, Acclaimed Black Feminist Author and Activist, Dead

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Source: The Sacramento Observer

Zimbabwe: Mthuli Sets Aside U.S.$150 Million for Currency Reform Losses

[New Zimbabwe] Finance Minister, Mthuli Ncube has set aside a total US$150 million which will go towards compensation to vulnerable households and pensioners who lost value during government's currency reform processes initiated last year.

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Source: allAfrica.com

Weapons of War on Our Streets?

Chemical agents – including tear gas, pepper balls, and other lachrymators – have been fired at peaceful protesters in cities including Austin, Minneapolis, New Orleans, Richmond, Sacramento, San Diego, Seattle, and even Beverly

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Source: Black News Black Press | Los Angeles Sentinel | Los Angeles Sentinel | Black News

Black Florida Homeowner Sees Drastic Increase In Home Appraisal After Removing All Traces Of Her Roots, Including Herself - Blavity

The value of a house in Jacksonville, Florida increased exponentially after the homeowners disguised any clues of their Black heritage.

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Bank of Sierra Leone stimulus package and its impact on the economy

Devastating as this pandemic is, there is an opportunity for the government of Sierra Leone to fundamentally change the direction of the local economy by offering an economic response that is not only proportionate to the scale of the disruption, but one that is bold and big enough to define a new

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Caledonia agrees terms with US firm over share disposal – NewsDay Zimbabwe

BY FIDELITY MHLANGA LISTED supplier of electrical products and service, Powerspeed has expressed concern over Zimbabwe’s economic prospects, describing it as “uncertain like never before”, thereby posing great threat to business. The country is experiencing multifaceted economic problems punctuated

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Source: NewsDay Zimbabwe - Everyday News for Everyday People

Zimbabwe: NSSA Dismisses Foul Play in Fml Stake Disposal

[New Zimbabwe] NATIONAL Social Security Authority (NSSA) has dismissed allegations being levelled against it by key stakeholders that there is foul play in the disposal of its 35 % stake in First Mutual Life (FML).

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Source: allAfrica.com

Cuba opens door to most small business initiatives - Stabroek News

HAVANA, (Reuters) - In a major reform of the state-dominated economy, the Cuban government will allow small private businesses to operate in most fields, eliminating its limited list of activities, state-run media reported

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Black American Trauma: From the Death of Dr. King to George Floyd and Beyond - Houston Forward Times

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Church community plans one-week virtual prayers, reflections

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