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"We will work to involve all Tunisians to get out of the crisis .... And I appeal to citizens to help find the financial balance required," he said while chairing the Council of Ministers.
Nationwide protests have taken place since October 7 despite the disbanding of the controversial Special Anti-Robbery Squad (SARS) police unit.
The demonstrators have been accused of attacking police stations and personnel.
The rallies which are mostly attended by young people have become avenues to vent against corruption and unemployment.
Rights groups say at least 15 people have been killed the demonstrations began in early October.
A new report by the United Nations Conference on Trade and Development, (UNCTAD) forecasts a steep drop by up to 40 per cent in global trade, due to the Covid-19 pandemic that has affected the global economy.
This would bring foreign investment in Africa below $35 billion.
Released on June 16, the annual World Investment Report (WIR 2020) showed global investment continuing to nosedive below $1 trillion for the first time since 2005, a recession much worse than the 2008 financial crisis.
Africa, which accounts for less than 3 percent of the world's trade inflow in 2019, will see the second-largest decrease in foreign investment.
In terms of investment ties, the country posed an attractive posture by reaching a deal with Rosatom, a Russian company to set up a centre for nuclear science and technology.
Though lauding the Mia Mottley administration for being “fiscally responsible” during the first half of the year, one local economist is expressing grave concern over the island’s growing debt levels. Kemar Stuart, Director of Business Development, Finance and Investment at Stuart & Perkins Caribbean, said it was good that Government managed to record “a balanced […]
The post Economist weighs in on economic report appeared first on Barbados Today.
While most people don’t want to be told to do anything or deprived of their First Amendment Rights, the critical questions to be asked are: Is it time to require people to get vaccinated for COVID-19?
The post Is It Time To Require People To Get Vaccinated For COVID-19? appeared first on The Seattle Medium.
The National Grade Six Assessment (NGSA) yesterday saw a turnout of 95%, according to a release today from the Ministry of Education.
The article Grade Six exam sees 95% turnout - Ministry appeared first on Stabroek News.
Regional Tensions Mount
Ethiopia declared a state of emergency on Wednesday following a deadly attack by the Tigray ruling party on a federal troop camp. Prime Minister Abiy Ahmed has ordered a military response. The Prime Minister stated in his public address to the country, \"My dear people. Today the apostate Ethiopian has stabbed Ethiopia. What makes this attack one of the most shocking attacks is that Tigray People's Liberation Front TPLF is viewing the Ethiopian National Defence Forces as a foreign army rather than an army that has been protecting the people of Tigray for more than twenty years.\"
Ahmed also declared that Ethiopians should unite in light of the ongoing tensions between the Tigray region and the rest of the country. It was not immediately clear what form the federal military response might take, or what the state of emergency will actually entail.
Background
The TPLF dominated politics in Africa's second-most populous country for nearly three decades before Abiy came to power in 2018 on the strength of anti-government protests. Under Abiy, winner of last year's Nobel Peace Prize, Tigrayan leaders have complained of being unfairly targeted in corruption prosecutions, removed from top positions and broadly scapegoated for the country's woes.
Ethiopia was due to hold national elections in August, but the country's poll body ruled in March that all voting would need to be postponed because of the coronavirus pandemic.
Lawmakers then voted to extend officials' mandates -- which would have expired in early October — but Tigrayan leaders rejected this and went ahead with regional elections in September that Abiy's government deemed illegal.
Now each side sees the other as illegitimate, and federal lawmakers have ruled Abiy's government should cut off contact with — and funding to Tigray's leadership.
In recent days tensions have also risen over who controls federal military assets in Tigray.
BY AMR NABIL AND NINIEK KARMINI ASSOCIATED PRESS MECCA, Saudi Arabia — Muslims in many parts of the world marked the start of Ramadan on Tuesday, but a spike in coronavirus cases in several countries has once again put curbs on the holy month’s signature feasts and lengthy prayers in mosques. Still, there were glimmers […]
The post Muslims mark Ramadan amid virus surge and new restrictions appeared first on Daytona Times.
The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted Tuesday, but it warned that the near-term outlook is highly uncertain and growth could be imperiled if coronavirus infections and delays in the rollout of vaccines continue. In its new Global Economic Outlook, the World Bank forecast […]
Olivia Davidson Washington was an educator, administrator and a co-founder of Tuskegee. Washington was born in 1854. She was the daughter of an ex-slave and freeborn mother. In 1857, Washington's family migrated to southern Ohio, where father died which led her mother to move the family further north to Albany. Washington received her education at […]
The post Olivia Davidson Washington: Educator, Administrator, and Co-founder of Tuskegee appeared first on Black Then.
Yung Miami's fans and Instagram follower's eyebrows perked up when a video of herself sitting on Diddy's lap enjoying some of his Deleon Tequila popped up in her IG stories. The video didn't live in her stories for too long but the rumors of the two dating each other began to swirl again.
In good times and bad, the black unemployment rate is typically double the white unemployment rate, says economist Valerie Wilson, who directs the Program on Race, Ethnicity, and the Economy at the Economic Policy Institute, a left-leaning think tank.
But if you look at the most recent data from the U.S. Bureau of Labor Statistics, the black unemployment rate is 16.7%, which is higher than the white unemployment rate of 14.2% but not close to double.
\"Black Americans are approximately 13% of the nation's population but hold closer to 2.6% of the nation's wealth,\" says William Darity Jr., the Samuel DuBois Cook distinguished professor of public policy, African and African American studies and economics at Duke University.
Darity and his wife, the scholar Kirsten Mullen, recently wrote op-eds in the Philadelphia Inquirer and Newsweek arguing that the COVID-19 crisis in black communities is integrally related to their deficit of wealth.
Darity and Mullen, who are authors of a new book called From Here to Equality: Reparations for Black Americans in the Twenty-first Century, argue that the COVID-19 death rate in black communities further strengthens the case for addressing the racial wealth gap through a reparations program.
BY RICHARD MUPONDE GOVERNMENT’s management of State coffers has come under scrutiny after Finance minister Mthuli Ncube guaranteed a $10 million loan by a Victoria Falls hotelier to cushion its business against COVID-19 shocks. The luxury boutique, Mbano Manor Hotel, owned by a local businesswoman Mati Nyazema, took the loan from the CBZ Bank. President Emmerson Mnangagwa officially opened the hotel in August last year. Zimbabwe’s tourism sector was expected to lose up to US$1,1 billion in potential revenue last year following the COVID-19 outbreak, according to government and Mbano Manor sought to mitigate against the slowdown, it appears. However, United Kingdom-based Zimbabwean academic and law lecturer Alex Magaisa said there was no reason for Ncube to guarantee the loan, which now means that if Mbano Manor defaults on the $10 million repayment, taxpayers will have to shoulder the debt. Magaisa said Mbano Manor Hotel, which is a state-of-the-art resort which charges US$350 per person for full board, had the ability to shoulder itself from COVID-19 shocks. “First, the positive is that Finance minister @MthuliNcube has published this government guarantee as required by the Constitution. It’s something that he wasn’t doing until he was taken to court. It’s a good thing that he is now trying to comply,” Magaisa said. He said what raised eyebrows was that the loan the government was guaranteeing was very small and raised questions since Mbano Manor Hotel was borrowing less than US$130 000 from a local bank, CBZ Bank, which could be secured by the business’s properties. Magaisa said the issue would just be another Zimbabwe Asset Management Corporation (ZAMCO) in a different complexion, as Mbano Manor Hotel would simply default, knowing fully well that the government (taxpayer) would foot the bill. Twitter user Twimbo Taona Denhere said despite Ncube complying with the constitutional obligations, the grand scheme of things was that Mbano Manor Hotel was another vehicle of corporate cronyism. “With odds in favour of Mbano defaulting on their loans, this will become another State-subsidised cronyism,” Denhere said. However, Presidential spokesperson George Charamba said Mnangagwa launched an $8 billion facility with the majority going to agricultural projects for food security in the face of COVID-19 pandemic uncertainties. “In essence, the facility was mitigatory and open to any enterprise in tourism, provided its funders applied through their banks. Many did, including Mbano Manor, an exclusive, upmarket tourism proposition owned and run by Mrs Nyazema. On the strength of that facility, which for Mbano Manor took the lighter form of a mere guarantee, many projects proceeded, even against the inclement business environment created by COVID-19 pandemic,” Charamba said.
The post Mthuli under fire over COVID-19 bailout loan appeared first on NewsDay Zimbabwe.
According to the Ministry of Defense, \"the area is currently under the control of military units and the counter-offensive to find the attackers is continuing with air and ground means\"
… from low socioeconomic backgrounds and Black Americans.” MarketWatch provided the CFPB with … of crisis Disparate treatment for Black Americans in the financial services arena … areas, but the poor and Black Americans receive less relief.
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— Boston College …
