recovery

Fitch Ratings Highlights Nigeria’s Rising Debt Service Obligation Amid Economic Optimism In a recent assessment, Fitch Ratings drew attention to Nigeria's projected rise in debt servicing costs for the year 2025. This insight emerges even as the rating agency expresses growing confidence in Nigeria's evolving economic policies. One might wonder, how does a country bolster investor confidence while simultaneously facing increasing costs of managing its external debt obligations? The…

The search for survivors from last month’s catastrophic earthquake in Myanmar is gradually reaching its conclusion. As we transition from rescue operations to a focus on relief and recovery, the staggering death toll has now surpassed 3,500 and continues to rise. In the capital city of Naypyitaw, residents are working diligently to clear away debris, salvaging materials from their damaged homes. Meanwhile, soldiers have been busy removing wreckage from some of the area’s Buddhist monasteries. According to the Myanmar Fire…

As hope dwindles for finding more survivors beneath the rubble in Mandalay, the situation is increasingly dire. Many residents have spent a third night exposed to the elements following a devastating earthquake that claimed the lives of at least 1,700 individuals across Myanmar and neighboring Thailand. This morning, rescue operations in the bustling city of Mandalay, home to over 1.7 million people, show signs of slowing. Harsh conditions prevail, with temperatures soaring to around 40°C, making the already challenging…

China's Economy: Navigating Through Uncertainty with Sparks of Optimism In the labyrinth of global economics, China stands as a formidable giant, its pulse felt across continents. Yet, it wasn't long ago, in the chill of January, when whispers filled the air about China's economic softening. Fast forward a few weeks, and Goldman Sachs delivers a surprise in its latest note, painting a brighter canvas than expected. The firm revealed China's real GDP growth is slightly overshadowing the 5% mark, unexpectedly…

Rescue teams have resumed their somber search for the deceased as Spain scrambles to provide assistance to its citizens devastated by catastrophic floods that have claimed over 200 lives. With each passing day, the hope of discovering survivors dwindles. More than three days have elapsed since torrential mud-laden waters engulfed towns and devastated infrastructure, marking this as Spain's deadliest natural disaster in decades. Prime Minister Pedro Sanchez announced in a televised statement that an additional 10,000 troops…

Following a thorough examination of ravaged neighborhoods and debris-strewn streets across Florida, President Joe Biden has promised to enhance the state's recovery efforts following the devastating Hurricane Milton, which marks the second significant storm to batter the region in just a few weeks. Complicated by rising floodwaters, fuel shortages, and extensive power outages, cleanup initiatives have encountered considerable obstacles since Milton made landfall as a robust Category 3 hurricane. Residents find themselves…

In Uganda, the recovery of the tourism sector this summer was threatened by the new outbreak of Covid-19 cases in the country. Tourist agencies, which see that their reservations increase for the months of July and August, fear the same situation as last year, when the airports remained closed from March to October 2020. In…

A few days before the deadline, neither Brussels nor Kinshasa can provide further information on the terms of this refund. In this context, some twenty personalities who are very involved in this issue, such as the historian Elikia M'Bokolo, the filmmaker Raoul Peck or even the researcher Ludo de Witte, have just published a column entitled "La Belgique va-t-elle se bli get rid of Lumumbas remains in silence and shame? " All these doubts about the dates, as we see, show that it was not prepared in…

The aim of the Paris Summit on the Financing of African Economies on 18 May was to explore all possibilities for mobilizing resources, which would enable the continent to resume the growth path following the Covid-19 pandemic without falling into the debt trap. Satisfied with France, which was on the initiative of the summit.…

If the global economy recovers, the rise to pre-crisis activity levels is likely to be long, erratic and uncertain, the International Monetary Fund said in its economic forecast released at its autumn meetings. . Return to activity will be particularly difficult for certain new and developing countries, where infections are growing rapidly. But also for the African countries that relied on their oil exports or tourism to come back. Sub-Saharan Africa could experience its first recession in 25 years. After 3.2% growth…