The GCC member states’ pocketbooks may be safe, but its governmental trajectory is headed for a tempestuous political bankruptcy.
Tag: Economics
The country remains poor, but Kagame’s government is now something exceptional in Africa – a place to invest.
Rwanda was experiencing an economic boom prior to the COVID-19 pandemic. Growth exceeded 10% in 2019, driven mostly by large public investments for implementation of the National Strategy of Transformation. Notably, in 2019, Rwanda recorded a record total investment level of 2.46 billion USD, 37% of which were foreign direct investments.
Embedded within engagement rings, necklaces, and bracelets around the world, diamonds symbolize a $81.4 billion-a-year industry juxtaposing Afican mines containing 65% of the world’s diamonds, and elegant jewelry retail salerooms. Rooted within these jewels, however, are political strife and human rights violations surrounding the process of their manufacture in Angola, Sierra Leone, and most prevalently the Democratic Republic of […]
Journal on World Affairs, UCLA 