• Violence Erupts in Central African Republic (CAR): Aid Workers Attacked

    Two people were killed in a hail of gunfire on Monday as religious conflicts between Christians and Muslims reached a boiling point, according to Reuters. The perpetrators came from Seleka, a Muslim rebel group that staged a coup in 2013 and persecuted the Christian population. President Faustin-Archange Touadera campaigned on a promise of fostering peace between Christians and Muslims, but has been unsuccessful thus far.

  • Persistent Low Interest Rates Bring Bank Woes

    Persistently low interest rates are set to hit bank profits in America, triggering warnings from analysts across Wall Street.  A number of notes released late last week and early this week to clients warned that Federal Reserve policy is likely to hinder bank profits for a long time, bringing to doubt both Wall Street’s ability to improve profitability and the future of employment in the financial sector.

  • Rwanda Invests in Energy and Food Security

    The Rwandan government approved an energy-storage system that will provide 2.68 MW of energy to an irrigation project, according to The New Times. The equipment will be supplied by German company Tesvolt and will energize water pumps for irrigating crops. Authorities aim to mitigate stress on the national grid and secure food stability for struggling Rwandans.

  • World Bank Provides Guidance to Zimbabwe on Its Ongoing Cash Shortage

    The African nation of Zimbabwe has been in the depths of a cash shortage with crippling effects: Zimbabwean banks have been forced to limit the amount of cash they give to their customers; foreign currencies (particularly the United States dollar) have become more widely accepted than domestic currency; and money laundering and capital flight have skyrocketed.

  • Divided Polls, Economic Views on Brexit

    New polls of UK voters show the Brexit vote remains uncertain.  After several weeks of the vote to leave the European Union gaining, more recently the polls have become murkier, with a near-tie between the leave and remain camp. According to The Financial Times, a British financial newspaper, both sides have a 44% vote, while other polls show a spread of just 1% or 2% in favor of remaining.

  • New Peruvian President Faces Hurdles after Election Win

    Presidential hopeful Keiko Fujimori conceded defeat to winner Pedro Kuczynski, but he faces the daunting task of reaching out to the opposition while fixing Peru’s economic problems. Fujimori has vowed to lead the opposition in Congress, but shares some of his views on market-oriented reforms. Peru is a commodity-driven economy that has suffered from lower commodity prices.