Posts by category: Economy

Ndindi Nyoro, chair of the National Assembly Budget Committee in Kenya, has harshly criticized the National Treasury for missing revenue targets and reckless borrowing, which have driven the public debt to Ksh10.6 trillion. For the fiscal year 2023/24, the government fell short by Ksh172.1 billion, sparking concerns over budget allocation priorities and calls for stricter oversight.

Facing a severe economic crisis, South Africa's prominent trade union, Cosatu, is mobilizing millions for a massive strike scheduled for October 7, 2024. With over 1.8 million members, the federation demands changes in government policies that they claim have led to high unemployment, poverty, and inequality. The strike calls for a living wage, job security, and the cessation of state enterprise privatization, challenging government's ties with big business.