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Mining Collapse Cripples Africa’s Dreams of Prosperity

Wall Street Journal Original article ›

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The impact of a stronger U.S. dollar on Africa- the situation in Uganda, Zambia, Nigeria, S. Africa, and other countries with depreciating currencies

03/25/2015

The lack of $30 million in dollar funds leads to closing of a refinery and long lines in Lusaka,, Zambia. A large supermarket in Kampala, Uganda, has empty shelves for imported products as it becomes costlier to import with a depreciating currency. Flights on a Portugal run airline into Angola now cost more. Infrastructure improvements are being delayed because of the extra cost. Throughout Africa one can see the impact of an appreciating U.S. dollar.

Grouped Articles

Dollar’s Rise Stings Africa

Wall Street Journal 03/25/2015

Businesses Seek Out New African Frontiers

Wall Street Journal 04/01/2015

African Pensions Funds Invest in Infrastructure Projects

Wall Street Journal 05/08/2015

Mining Collapse Cripples Africa’s Dreams of Prosperity

Wall Street Journal 03/04/2016

IMF’s African Push Reopens Old Wounds

Wall Street Journal 03/05/2016

Nigeria Grapples With Abrupt End to Rapid Growth

Wall Street Journal 04/12/2016

Zambia's economy 2010-2016

09/21/2011

Grouped Articles

Dollar’s Rise Stings Africa

Wall Street Journal 03/25/2015

Zambia Copper Producer Halts Production Over Power Shortages

Wall Street Journal 08/04/2015

Mining Collapse Cripples Africa’s Dreams of Prosperity

Wall Street Journal 03/04/2016

In Zambia Election, the Big Issue Is China

Wall Street Journal 09/21/2011

Zambia Awaits President-Elect's Inauguration

Wall Street Journal 09/23/2011

Zambia's Leader Hands Over Power

Wall Street Journal 09/24/2011


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