Congo’s Pointe-Noire port struggling despite national economic growth
05 January 2020 | 3:36 pm
The port of Pointe-Noire has been a focal point of the Republic of Congo's economy for many years. However, a fall in oil prices since 2014 has caused a crisis for local businesses, as the port bore the brunt of the country's economic crisis. at the port of Pointe-Noire.
In this article
This week, a major upheaval hit one of India’s top business empires. Adani Group has operations in everything from coal mining to telecoms. Its seven main units were recently worth an estimated $220 billion. But a blistering report by an American investor research firm accusing the conglomerate of massive fraud and market manipulation has sent its stock price plummeting, along with the personal fortune of billionaire founder Gautam Adani.
Rwanda-backed rebels stirring ethnic divisions: Human Rights Watch. Human Rights Watch (HRW) has warned of a dangerous escalation of tension between ethnic Tutsi and Hutu communities in eastern Democratic Republic of Congo, as a result of fighting involving a militia that Rwanda is accused of backing.
In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes on wealth.
After Ornella lost several family members over the space of three years, relatives and neighbours in her east Congo village of Kabare began suspecting the 14-year-old of witchcraft. It is not uncommon in some African countries for frail children like Ornella, who suffers from a genetic form of anaemia, to be considered a bad omen and blamed for the mishaps that hit isolated and impoverished communities.
More than 20 acts from across Africa have shown support for victims of conflict at a music festival in eastern Democratic Republic of COngo - taking to the stage despite rising insecurity in the area.
The Indian economy is expected to grow 6.9 % in the 2023 fiscal year, the World Bank has forecasted. But despite economic growth, India still has one of the highest levels of income inequality in the world.
Vladimir Putin claims the Russian economy has withstood Western sanctions, as he prepares to mark one year since the invasion of Ukraine. While Russia's GDP has contracted less than many analysts expected, Beata Javorcik of the EBRD explains that's largely the result of years of "sanctions-proofing", and doesn't mean that households and businesses aren't suffering.
The Chinese Communist Party is expected to unveil its lowest economic growth target in decades amid an ongoing slump in the country's real estate market. Also on the show: Mexico plans food tariff cuts to confront high inflation, and Franco-Angolan business ties take centre stage as President Emmanuel Macron visits Luanda.
The European Union says it will soon deliver aid to people in need in the Democratic Republic of Congo's conflict-stricken North Kivu province.
The European Union is looking at how to boost ammunition supplies in both the short and long term at a meeting in Stockholm. A top EU official has called for "a war economy."
US President Joe Biden unveils a $6.8 trillion budget proposal with key provisions aimed at boosting American competitiveness against China, while Beijing rails against economic containment and suppression. Plus, a sell-off in US bank shares sparked by a run on a small California lender spreads to Asia and Europe as markets tumble.
Suspected Islamist militants killed at least 19 people and burned a medical facility in a raid on a village in the eastern Democratic Republic of Congo early on Sunday morning, two regional officials and a resident said.
56 mins ago
Wolfsburg let a two-goal lead slip as they lost the Champions League final against Spanish giants Barcelona. The defeat raises questions about where the She-Wolves stand on the landscape of women's football.
1 hour ago
Indian security forces have eliminated dozens of insurgents in the Manipur region, according to the regional chief minister. Troops were deployed to the area to quell clashes between tribal communities.
1 hour ago
The movie measures of men spotlights the first genocide of the 20th century in which tens of thousands of indigenous Nama and Herero were slaughtered by german soldiers. The film bids to confront viewers with the harsh realities of colonial violence.
1 hour ago
Taipei reported the passage of Beijing's Shandon aircraft carrier and two other ships, in the latest sign of tensions in the waters separating the self-ruled island from mainland China.
1 hour ago
From May 29, 2023, our nation’s eyes once again turned toward public leadership for a new direction and meaning. And so as most governments, especially in the last 24 years have appeared to us as unprepared for governance, we need to encourage the new administration in Abuja and 28 states to begin to manage priorities in the public sector as if it were in the organised private sector
3 hours ago
Under growing pressure from the West, China has been doubling down on its close partnership with Russia in recent weeks. But experts say Beijing is still trying to use a "double-track approach" to maximize its interests.