Tanzania President John Magufuli urges China to cancel country’s debts
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Tanzania President John Magufuli urges China to cancel country’s debts

ByBrian Kithinji

Tanzanian President John Pombe Magufuli has requested China to forgive some of his country’s debts, including one incurred 50 years ago for the construction of the railway that runs from the commercial capital Dar es Salaam to neighboring Zambia. The Head of State has made similar requests to other creditors in the past. In April…

Global economy to grow by 4% in 2021, World Bank says
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Global economy to grow by 4% in 2021, World Bank says

ByBrian Kithinji

The global economy is projected to grow by 4% in 2021 if the COVID-19 vaccine rollout continues throughout the year and is effective, the World Bank said. In their annual January release of Global Economic Prospects, the Washington-based lender noted that the worst case scenario occasioned by delays to rollout the vaccine or an increase…