search query: @journal_id 1263 / total: 274
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| Author: | Ford, N. (et al.) |
| Title: | Countryfile: Zambia. Zimbabwe. Nigeria. Tanzania. Kenya. Botswana. South Africa |
| Journal: | African Business
2004 : JAN, 294, p. 44-55 |
| Index terms: | Politics Economic development Industries Employment Africa |
| Language: | eng |
| Abstract: | Zambia has been saying what many African countries would like to say but don't because they worry about the consequences - that privatisation is creating unemployment, suffering and delivering few, if any, benefits. The country is now reviewing its privatisation policies. Zimbabwe's 2004 national budget confirmed what most citizens already know - the economy is in deep trouble and getting worse. Inflation is out of control and the economy is contracting alarmingly. The first year of Nigerian President Olusegun Obasanjo's second term has been marked by greats bursts of energy from the president himself but little from his cabinet. Tanzania's huge informal sector has largely been ignored by the authorities. Now there is a change of heart and efforts are being made to formalise this sector in the face of mounting unemployment. The decision of the IMF to unfreeze loans to Kenya has been welcomed by the international business community, but a great deal remains to be done before Kenya can begin to seriously rebuild its economy. Faced with the spiraling costs of health care, Botswana's leading industries are going on the offensive against the Aids epidemic and coming up with innovative ideas. The South African government appears locked in combat against the country's mining industry. A bill to raise government income by imposing revenue-based royalties has been withdrawn under fierce criticism. But this is only a temporary truce. |
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