Recent outages highlight need for stronger African internet

Nairobi, Kenya — Experts say Africa needs to invest in robust infrastructure if the continent is to have reliable internet after recent outages due to underwater cable failures highlighted the continent’s reliance on single-path connectivity. Disruptions in March and May caused online banking problems and communication delays. Businesses experienced interruptions in …

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Chinese e-commerce companies popular in South Africa  

Johannesburg     — Rotondwa Mbadaliga is a self-professed “shopping addict.” The 25-year-old South African fashion influencer says she is a huge fan of Chinese-linked e-commerce companies Shein and Temu because she can get the latest trends at the cheapest prices delivered straight to her door. Mbadaliga has more than 200,000 …

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Cash-starved Pakistan acquires $7 billion IMF loan

ISLAMABAD — Pakistan said Saturday that a newly secured multibillion-dollar loan from the International Monetary Fund would help improve the cash-starved country’s macroeconomic stability. The official reaction came hours after the Washington-based global lender announced its preliminary agreement with Islamabad for a “37-month” loan of about $7 billion under the IMF’s …

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US consumer inflation eases to 3.0% in June

Washington — U.S. inflation edged down in June as analysts expected, government data showed Thursday, a reassuring development for President Joe Biden as he fights to win confidence on his economic record in his reelection bid.  The consumer price index (CPI) rose 3.0 percent last month from a year ago, said …

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