Daily Archives: April 5, 2024


US employers added 303,000 jobs in March in sign of economic strength

WASHINGTON — America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates.  Last month’s job growth was up from a revised 270,000 in February and was far above the 200,000 economists had forecast. By any measure, it amounted to a strong month of hiring, and it reflected the economy’s ability to withstand the pressure of high borrowing costs resulting from the Federal Reserve’s …


US accuses Kenyan officials of corruption in contract awards

Nairobi, Kenya — American firms are losing out on business and contracts in Kenya because top government officials demand bribes, the U.S. trade office said in a report released last week, warning that corruption will hurt foreign investment. According to the Office of the U.S. Trade Representative, American businesses are finding it hard to secure Kenyan government contracts meant to develop the East African nation because senior government officials seek a bribe before awarding such jobs. The 2024 National Trade Estimate Report on Foreign Trade Barriers said that the contracts are …


Botswana leads calls on G7 countries to review diamond tracking initiative

GABORONE, BOTSWANA — Africa’s leading diamond producer, Botswana, has written to the Group of Seven leading industrial countries seeking to reverse an initiative requiring all producers to send gems to Belgium for certification. This follows G7 move to prevent the import of diamonds mined in Russia. Botswana President Mokgweetsi Masisi told diplomats in Gaborone Wednesday the G7 traceability mechanism poses an unfair burden on African diamond producers.  The G7 is an informal grouping of seven of the world’s advanced economies, including Canada, France, Germany, Italy, Japan, the United Kingdom and the …