Nigeria’s President Muhammadu Buhari has been fighting corruption for months. Now, he is tired. The septugenarian will be away from work until February 10. Not much will change in his absence. No one dares the General.
Another General down south Robert Mugabe is worried. About 1.5 million people in Zimbabwe are in need of emergency food and this may increase. Once a sworn enemy of the International Monetary Fund (IMF), Mugabe now wants friends. He is trying to get loans from international lenders and has called on foreign investors to put more money into companies listed on Zimbabwe’s stock exchange. With the look of things, Mugabe is ready to do anything to access funds to lift his country’s economy, including accepting conditions.
Mugabe’s fellow Southern African leader Jacob Zuma is also scrambling to save his country’s economy. He is meeting with business leaders, refunding controversial expenses and making budget cuts. Yet, the World Bank says South Africa is flirting with recession and Moody’s says the country’s debt could surpass 50 percent of GDP. God help Zuma!
Kenya also has its worries. But not much, as actions are already being taken to cut frivolous spending; same action Kenyans took that made them opt for Uber. Now, taxi drivers in the country wants the taxi hailing service out.
Zika and Uganda have a history. The World Health Organisation has declared the spread of the virus an international health emergency. No case has been discovered in Africa yet. While the world tries to find a vaccine for the deadly virus, President Yoweri Museveni is also vaccinating Uganda against deadly opposition to his re-election plans.
It’s a good thing Africa’s growth has remained strong despite slump in China’s growth. But things were better with China. Nigerians and other Africans alike may have to pay more tax to support their economies and boost government revenues. But come to think of it; who tax don epp?
Miners were rescued after a mine collapse in South Africa and Facebook is helping businesses grow in African but the continent needs more than the social media network to narrow digital gap.
Nigeria is taking loans from international lenders. Who wouldn’t when the hope of getting billions of dollars in fine has become bleak. MTN hired the right man, a top negotiator and respected attorney. He’s a former attorney general of the United States.