austerity

Kenyan president cancels First Lady's office budget, official trips amid protests

President William Ruto of Kenya has announced key austerity measures aimed at addressing public discontent and cutting government expenditure amid protests in the East African country.

Nina Slays Effortlessly In Dubai (Photos+Video)

In an austerity period which has swallowed up the buzz of her colleagues at the reality show, Nina has continued to soar high.The Imo State University graduate gets the best of clothes from friends and top brands in Nigeria.

Ghana's Mahama scraps seven ministries to cut costs

President John Mahama has axed seven government ministries as part of efforts to rein in public spending under an International Monetary Fund (IMF) austerity programme.

French PM meets Macron to resign after no-confidence vote

The plan, which included austerity measures, was deemed unacceptable by most MPs but defended by Barnier as necessary to stabilize France's finances.

Kenyan government sends over 100 employees from Rigathi Gachagua's office on compulsory leave

The list has elicited mixed reactions as critics questioned the duplication of several roles at the DP's office including 10 Deputy directors of communications and 4 Assistant Directors of communications despite the call for austerity measures

Queen Elizabeth II has died, aged 96

Queen Elizabeth II's tenure as head of state spanned post-war austerity, the transition from empire to Commonwealth, the end of the Cold War and the UK's entry into - and withdrawal from - the European Union.

10 African countries with the most troubling external debt in 2024

In times of crisis, such nations may find themselves with limited fiscal maneuverability, forced to implement austerity measures, cut public spending, or seek bailouts from international financial institutions.

From $137 to $186, Tanzania's president increases minimum wage by 35.1%

The Tanzanian president stressed that the pay boost is a reward for public officials' hard work and dedication to national progress, even when economic restrictions necessitated austerity measures.

University Student Sentenced to Death by Hanging After Doing This to a Police Officer

The biggest crackdown on protesters was in September 2013, when dozens of demonstrators were killed during anti-austerity rallies.

Top 10 African countries with the lowest debt to the IMF in Q4 of 2024

Moreover, these nations are less likely to be subject to the strict requirements that are frequently attached to IMF loans, including structural adjustment plans (SAPs) that call for austerity measures.

US warns top countries against devaluation

On Greece, which is hoping to exit recession this year after a seventh year of austerity cuts, Lew noted that investors were unlikely to return without "long-term clarity" on the prospects for the recovery of the Greek economy.

Malawi President bans foreign trips for self and cabinet amidst economic woes

Similar austerity measures were introduced last year.

Kenyan president fires ministers after anti-tax protests

Last week, Mr Ruto announced a number of austerity measures across various government agencies. He also ordered a freeze in proposed pay rises for members of his cabinet and parliament following a public outcry.

Youth Uprising: A Clarion Call for Africa's Future

Debates and consultations before implementing IMF-recommended austerity measures are essential, ensuring policy approaches that prioritize Africa's interests.

Fashion on a budget - Truth or Myth ?

Given the economic austerity, is it truly surprising that global fashion influencers have adopted this mantra as their motto?

Nigerian music icon, Osayomore Joseph is dead

The harsh austerity measures and political unrest disrupted the social and economic lives of the people to the point where even an artiste like Osayomore began to use his music to comment on the situation.

Churches in this country are losing followers - the consequences are serious

Many dioceses and regional churches are already pursuing austerity policies. This has implications for church buildings, pastoral positions and social welfare activities.

'Don't send Nigerians to early graves'-HURIWA tackles FG, says no court order must stop NLC protest

HURIWA further warned the NLC that should it capitulate to the judicial blackmail of President Bola Ahmed Tinubu and chicken out of her publicized mass action in protest against increasing hardships due to poorly introduced economic austerity