Posted in Business Market

Efforts to Boost South Sudan Agriculture Found Lagging

While people in South Sudan have enjoyed independence for the past 10 years, one longstanding problem – food insecurity – still hangs over the world’s newest nation despite vast areas of arable land.A World Food Program report published in June said 60…

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Posted in Business Market

World Bank, African Union Partner to Buy, Distribute 400 Million COVID-19 Shots

The World Bank announced a partnership with the African Union Tuesday to finance the acquisition and distribution of COVID-19 vaccine for 400 million people in Africa.In a remote news conference via Zoom, World Bank Managing Operations Director Axel va…

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Posted in Business Market

World Bank Says Zimbabwe’s Economy on Recovery Path

In a report this month, the World Bank predicts Zimbabwe’s economy will grow 3.9% this year even as the country sees an alarming rise in poverty levels, especially in urban areas. The report says a record 7.9 million Zimbabweans are “extremely” poor, e…

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Posted in Business Market

Tigray Families Displaced by War, Economic and Social Crisis

Hundreds of displaced families trampled down the stairs carrying stained mattresses, logs and kindling for cooking and sacks of clothing and food. The families, more than 5,000 people in all, had fled battles in the northern Tigray region to Shire, a…

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Posted in Business Market

World Bank Pauses Mali Payments After Coup as Leader Warns Against Sanctions

The World Bank said on Friday it had temporarily paused payments to operations in Mali following a military coup, while the man expected to become the new prime minister warned sanctions would only complicate the country’s crisis.The World Bank’s actio…

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Posted in Business Market

Biden Touts Economic Benefits of Combating Climate Change

U.S. President Joe Biden joined business and union leaders Friday in touting the economic benefits of addressing global warming when he delivered remarks from the White House on the last day of a two-day virtual climate change summit.“When we invest in…

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Posted in Business Market

Stuck Ship Thrusts Sleepy Suez Canal Village into Limelight

AMER, EGYPT – The sleepy farming village of Amer overlooks the Suez Canal, one of the world’s most important waterways. Last week, the village was suddenly thrust into the limelight after a massive container ship, the Ever Given, got stuck nearby.The c…

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Posted in Business Market

Job Losses Loom in Kenya’s Tea Industry as Workers Compete with Machines???

A group of women pick tea leaves at a plantation in Kenya’s tea belt in the Rift Valley, where harvesting has traditionally been done by hand. This labor-intensive practice is said to ensure the region produces the high-quality tea that is among the co…

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