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Business News 

Five ways to revive Zimbabwe’s economy

Current events in Zimbabwe show that while a week may be a long time in politics, it is really a very short blink of an eye in economics. Zimbabweans on the streets of Harare and Bulawayo may be hopeful for political change, but they are much more sanguine and realistic when it comes to improving the country’s economy. Presidents can be impeached in days or weeks. It takes years to wreck economies and usually even longer to repair them. So, will Emmerson Mnangagwa be able to take Zimbabwe’s economy off…

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Business Editor's Desk News 

Arts and culture, an alternative to grow African economies

By Dasmani Laary Economic Community of West African States (ECOWAS) governments have been urged to shift their focus from timber, cocoa and minerals exports, and introduce relevant polices and funding into arts and culture to rapidly expand their economies. “Giving meaning to the role of arts and culture manifested in traditional music, dance, clothing and drama can earn countries billions of dollars to spur growth and create jobs,” culture experts meeting in Ghana’s capital, Accra said. Culture is a powerful tool for poverty eradication, helping to meet the ambitious goal…

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Business 

Liberian Central Bank Announced Stimulus

By George Kennedy The Central Bank of Liberia (CBL) has announced a major financial sector stimulus reducing interest rates on existing stimuli with banks for Liberian businesses and paying off the outstanding loan obligations of all private schools, from kindergarten through high school. According to the CBL, the commercial banks have already provided the CBL with the list of schools and the amounts involved. In a special statement on the impact of the Ebola virus disease (EVD) on the economy on yesterday, CBL Executive Governor Dr. J. Mills Jones said…

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Business News 

Liberia’s Central Bank Chief Speaks on Economy

By Calvin Brooks MONROVIA (LINA) – The Executive Governor of the Central Bank of Liberia (CBL), Dr. J. Mills Jones, has cautioned that any attempt to restrict the dual currency regime currently in place will worsen inflation in Liberia. Governor Jones made the statement Friday night at a dinner to climax a week celebration organized by the Liberia Bankers Association at the Monrovia City Hall. Jones observed that countries which have minted their own currencies are faced with serious inflation problems as a result of the unfavorable exchange rate of…

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