Economics

Ambakisye-Okang Dukuzumurenyi
22 Views · 3 years ago

For over two decades, Somalia was at war with itself, a legitimate government was overthrown in 1991, plunging the nation into a deadly civil war. Amid the power vacuum warlords tore apart the Horn of Africa nation, and Somalia’s waters became free-for-all as unlicensed foreign fishing fleets went on an illegal fishing frenzy.

Foreign trawlers have been illegally taking millions of tonnes of Somalia’s fish denying the country millions of dollars in revenue and stirring deep-seated frustrations in local Somalis and eventually morphed into one of the world’s most dangerous maritime security threats that made Somalia's coastline one of the most dangerous in the world.

There is little doubt amongst Somalis that conflicts like these provided the original impetus for what became the piracy phenomenon. In the local setting, illegal fishing, and the economic damage it inflicted, left traditional fishing communities so angered and impoverished that they began attacking the illegal fishing vessels, acting as a sort of militia coast guard.

However, criminal gangs subsequently saw the profit potential and started hijacking more valuable commercial ships unconnected to illegal fishing. Thus the scourge of Somali piracy in the Gulf of Aden was born.

Ambakisye-Okang Dukuzumurenyi
11 Views · 3 years ago

Low taxes have drawn many foreign companies to Mauritius and account for a huge portion of the country's $16 billion GDP. Mauritius is one of Africa's richest countries on per capita basis. However Mauritius long been shadowed by financial secrecy, with the island’s government overseeing LEGAL but QUESTIONABLE processes that have allowed global companies to siphon millions of tax dollars away from other African nations.

Ambakisye-Okang Dukuzumurenyi
49 Views · 3 years ago

The Earth is a large, complex planet made up of many different systems that interact in countless ways, sometimes deep and often surprising ways. Take the Amazon tropical rainforest for example. There is no place on earth quite like it, it is one of the greatest natural habitats on the planet, it covers 40% of the South American continent, contains nearly 400 billion individual trees within the forest, and creates one-fifth of our planet’s oxygen.

As big and mighty as it is, the Amazon is sustained by the Sahara desert. It is nothing short of extraordinary. On one side of the Atlantic ocean is one of the most inhospitable and driest wilderness on Earth with searing temperatures and little to zero rainfall. On the other side is one of the wettest and most fertile locations on earth. Despite over 10,000 km of open ocean separating the world’s largest rainforest and the world’s largest hot desert, the two regions are intimately connected and do share a vital commonality, nutrient-rich dust

Ambakisye-Okang Dukuzumurenyi
21 Views · 3 years ago

Despite almost 30 years of democracy since the country overhauled a racist apartheid regime designed to keep the country's black population under the thumb of an elite white minority, the rainbow nation has been unable to shrug off the tag of the most economically unequal country in the world.

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Ambakisye-Okang Dukuzumurenyi
17 Views · 3 years ago

Court of Appeal dismisses application of Assin North and Jomoro MPs - AM Show on JoyNews (27-7-21)

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Ambakisye-Okang Dukuzumurenyi
28 Views · 3 years ago

⁣Biztech: How a Ghanaian is building affordable homes with plastic waste.

Ambakisye-Okang Dukuzumurenyi
15 Views · 3 years ago

The President of Sri Lanka started pushing to build a new port in a small town at the south end of Sri Lanka because ambitious projects like this make you look like a good, caring politician. The only problem was that everyone, including their own government studies estimated that the port wouldn’t be profitable. But then the President announced that the project had been greenlighted - with help from none other than China.

The port opened in 2012, and the forecasts were right - no one was interested in using this new port. And it’s finances were in the hole. So the President went back to China for another loan, this time for $757 million.So what did they do? They took out another loan from China, this time for $1 billion dollars, to help pay off that upcoming debt payment. It’s safe to say that Sri Lanka found itself at the mercy of the Chinese government. It was drowning in debt payments and was left with an expensive port no one wanted to use. And now, China owns 85% of that port and managed to squeeze 15,000 acres of land around that port as well.

Debt traps, debt diplomacy is nothing new. China is probably just taking a page out of the original master at this game: the US. Why did the US go through all this effort to indebt these Less-Developed Countries, or LDCs? Simple: when you’re a global superpower, you need a lot of resources to stay on top: oil, energy, raw materials, nations under your influence so you can call them up when you need something like votes at the UN, and so on.

Today, China is in a similar position - they’re desperate for energy, money, and resources to continue their astronomical growth to the top.Who knows in the long run what will happen with China's colonialism. China has the ability to be forceful when needed, especially in their sphere. History would say China will follow the old model, but things have radically changed before. China is making mistakes but continues to sell these projects.

Ambakisye-Okang Dukuzumurenyi
19 Views · 3 years ago

Frema Adunyame in this documentary explores the benefits or otherwise of Cannabis also known as marijuana.

In the documentary, she engages key resource persons as well as Cannabis users on the effects of its usage.


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Ambakisye-Okang Dukuzumurenyi
37 Views · 3 years ago

Chemical fertilizer produces 300 times more harmful chemicals than carbon emission.

Ambakisye-Okang Dukuzumurenyi
24 Views · 3 years ago

IMANI-GIZ Reform Dialogue: Stakeholders assess the meaning of AfCFTA to Ghanaian businesses - The Pulse on JoyNews (10-3-21)

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