Posts

Image
 Mozambique, Malawi and Zimbabwe in US$100 million AfDB comprehensive relief plan @patricialuhanga Following the devastating impact of Cyclone Idai and the unprecedented loss of life and property in Zimbabwe, Mozambique and Malawi, the African Development Bank has announced a multi-pronged response plan for the three countries. The Bank will be providing emergency assistance to the affected countries and a medium-term plan to meet the reconstruction needs of the affected areas, including a climate risk insurance plan. A high-level Bank delegation, headed by its Vice President for Corporate Services and Human Resources Mateus Magala, met with the President of Mozambique, H.E. Filipe Jacinto Nyusi, in the country’s capital, Maputo, to convey his sincere condolences on behalf of the Bank, and to announce the assistance. Tropical Cyclone Idai was one of the worst tropical cyclones on record to affect Africa and the Southern Hemisphere. The long-lived storm caused ca...

Interview: What's it like studying Financial Journalism at City?

Image
November 5, 2017 By Dinfin Mulupi Every year, about 90,000 international students come from around the globe to study in the City of London. Patricia Luhanga is one of the thousands of international students who joined London universities this past September. The Zambian national is studying for a Masters in Financial Journalism at  City, University of London , one of the most prestigious journalism schools in the UK. Patricia describes her experience studying at the Islington-based school as "amazing". "One of my favourite things about the course is that we get a mix of theory and practice. We ask, if X happened, what should we expect next? You really get to learn how to be analytical as a journalist,” says Patricia. The Financial Journalism masters programme is highly competitive, with only 12 students in the 2017-18 class. Some of its alumni go on to work with the top tier international news organisations after graduation such t...

Patricia Luhanga - Reflection of a Journalism trip to Shanghai

Image
Patricia Luhanga is one of the 12 students currently studying the MA in Financial Journalism at City, University of London under the prestigious Chevening Scholarship. Here, she briefly reflects on her experience of the summer school in Shanghai. “Ladies and gentlemen, as we start our descent, please make sure your seat backs and tray tables are in full upright position….”  the captain’s voice echoed through the plane’s announcement system. We began our descent to Shanghai and headed towards Pudong International Airport for landing. The window seat provided a beautiful view of the city from the skies.   “Hello Shanghai! Time to deep-dive into the global economy from one of the world’s top financial centres!” I said to myself. One of the benefits of being on this course is that it gives you exposure to the top tier global financial sector – thanks to the Marjorie Deane Foundation. Learning about China from the lecture room in London was totally different from experienc...

Budget not “Fit for the future”, says Corbyn

Image
Budget not “Fit for the future”, says Corbyn Labour leader Jeremy Corbyn has argued that the 2017 Budget is not “fit for the future” as suggested by the Government, as it does not address the current needs of the country. Responding to Chancellor Philip Hammond’s budget, Mr Corbyn said it is a record failure in the wake of the downward reversion of economic growth and productivity alongside wages and living standards. “People’s wages and living standards revised down. What sort of ‘strong economy, fit for the future’ is that?” he asked. According to the Labour leader, the conservatives' continuous pushing forward of the deadline for deficit eradication from 2015 to the most recent 2025 is a clear indication of failure, adding that the Government is missing major targets due to failed, damaging policies and austerity measure. Mr. Corbyn also criticised the May- led Government for the rise in rough sleeping, saying as many as 120,000 children will spend this Christmas livin...

Implications of Brexit: the possible impacts on the Zambian economy

Image
As Britain focuses on how its relationship with the European Union might look like once it leaves the bloc in April 2019, African countries and Zambia in particular that benefit from UK development aid are already bracing for the post-Brexit era. For a country with bilateral relations with Britain and the European Union , preparing for the inevitable separation is not only prudent; it may be a matter of economic requirement. At this time, many analysts are trying to answer a complex and important question: how will Brexit impact the Zambian economy? Aid and budget support The UK has pledged 0.7% of its Gross National Income (GNI) as development aid, a significant portion of which is earmarked for development in African nations. Depending on the political focus of Westminster and impact of Brexit on the UK economy, aid contributions may be slashed. Many economists have predicted a recession which might cause a reduction in UK’s GNI and consequently lead to ...