#economicwoes

[newsbites]

News from southern Africa, 10 July

The 2023 Paris World Para Athletics Championships have begun, with over 1,300 athletes from 107 nations competing in 168 medal events. IPC President Anderson Pierson has encouraged athletes to break world records during the competition.

This edition of the championships is significant as it marks the 10th anniversary of the event.

A group of nine Namibian athletes with disabilities left Namibia on 4 July to attend the championships in Paris.

2. South Africa's largest labor union, COSATU, has been staging protests demanding interest rate cuts, electricity reforms, and job additions due to the country's economic challenges, including rolling blackouts, high unemployment, and soaring costs of living.

3. The U.S.-Africa Business Summit, organized by the Corporate Council on Africa (CCA) and the Government of Botswana, will take place in Gaborone from July 11-14.

Over 1,000 participants are expected to attend, including government and private sector leaders from Africa and the United States.

The summit will focus on "enhancing Africa's value chains" and will explore opportunities for collaboration and investment in various sectors, including mining, agribusiness, and health.

The African Continental Free Trade Area (AfCFTA) will also be a key topic of discussion, with the aim of increasing Africa's role in global value chains and boosting trade within the continent.

The success of the summit will be measured by the level of participation from countries, multilateral institutions, and private sector executives, as well as the ability to raise resources through sponsorships and registrations.

[thechasefiles]

IMF.....the medication is awful but it works! 😫😢🤯😤 #imf #economicwoes #fixingoureconomy #recommendations #thewayforward