People queue outside a bank in Lagos on February 22, 2023. Nigeria was hit with a scarcity of cash after the central bank began to swap old Naira notes for new bills.
Patrick Meinhardt / AFP
There are at least five errors that marred the currency redesign policy of the Central Bank of Nigeria, most of which could have been avoided.
Thousands in Tunis protest soaring prices, corruption and denounced recent comments by the Tunisian president against sub-Saharan migrants.
EPA/Mohamed Messara
Tunisia is behaving like many other countries confronted by social, political and economic challenges - it’s blaming migrants as a ploy to divert attention.
Students from the University of Johannesburg: finding jobs even for graduates is tough in South Africa.
Photo by Luba Lesolle/Gallo Images via Getty Images
Social grants are the largest source of support for many vulnerable groups. They are the government’s primary response to poverty, food insecurity and inequality.
South African President Cyril Ramaphosa receives reports of the of the state capture commission from Justice Raymond Zondo. The reports found exposed massive state corruption involving private individuals and companies.
GCIS
South Africans are actively challenging the criminalisation of the state. Many of the revelations about fraud, corruption and nepotism come from principled whistle-blowers within the state.
Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation’s 29-member panel expects very weak economic growth and recessions in much of the rest of the world, but there’s good news down the track for Australians’ buying power.
Workers sew garments at a textile factory in Cape Town, South Africa.
Dwayne Senior/Bloomberg via Getty Images
Ihsaan Bassier, London School of Economics and Political Science
South Africa’s world-leading wage inequality has as much to do with what bosses are doing as it does with how educated or experienced workers are.
Nigerian president Muhammadu Buhari and Godwin Emefiele, the governor of the Central Bank of Nigeria, present the redesigned banknotes in Abuja.
Sodiq/Xinhua via Getty Images
For a country that aspires to reduce bureaucracy and liberalise its financial sector, currency redesign and cash withdrawal limits can only be counter-intuitive.
There should be a rethink of Nigeria’s public university system.
Pius Utomi Ekpei/AFP via Getty Images
As the year ends, how has New Zealand fared on global and domestic measurements, from social and economic freedoms to tackling poverty and homelessness?
A banner is displayed to advertise diesel available at a filling station in Lagos, Nigeria.
Pius Utomi Ekpei/AFP via Getty Images
Some commentary suggests a causal relationship between hiking interest rates and unemployment increasing. It’s not quite that simple, but the days of record high employment are probably numbered.
Outgoing Lesotho prime minister Moeketsi Majoro, right, hands over the national flag as the symbol of passing power to his successor, Sam Ntsokoane Matekane, on 28 October 2022.
Molise Molise/AFP via Getty Images
Regulating the sex work industry is the only way to protect sex workers from abuse and violence.
Sam Matekane, Lesotho’s new prime minister has the daunting job of restoring public trust in politics and government.
Molise Molise/AFP via Getty Images
Unable to change the country’s vulnerability to shifts in the global and regional economy, the new prime minister Matekane has few economic levers to pull.