 Weekend Reads Owino market, Kampala; Ategyeka Alvin/Creative Commons license🇺🇬 Traders of secondhand clothes in East African nations see their fortune threatened by the increasing cost of consignments from the United States, report Allan Olingo and Kabona Esiara in Foreign Policy. In Uganda’s Owino market, they note that an estimated 100,000 traders who eke out a living selling secondhand clothes may be adversely impacted by an imminent move to restrict exports of used clothes by some European countries. 🌍 The experiences of young Africans who schooled in elite Western universities is explored by Carey Baraka, in an essay for The Guardian. Baraka finds that many people in that position, despite their many financial and societal privileges, now struggle to fit in at home or abroad. 🇿🇦 In South Africa, communities of farm dwellers — whose ancestral land was appropriated by white farmers under apartheid rule — have continued to languish, and are forced to work on the farms for poverty wages. Chris Makhaye writes in Al Jazeera that today white South Africans still own most of the country’s farmland, and the human rights of farm dwellers are still violated. Mimi Abebayehu, CC BY-SA 4.0, via Wikimedia Commons🇪🇹 The construction of Ethiopia’s Gilgel Gibe III dam in the middle of the Omo River — for flood water regulation and power generation — has destroyed the livelihoods of indigenous populations in the southern part of the country, Jaclynn Ashly writes in African Arguments. Ashly notes that the communities depended on growing sorghum and herding animals along the river, economic activities that are no longer possible as all seasonal flood water is diverted to the dam. Week AheadJune 4 — Zambia’s bondholders will hold a final vote on Tuesday on a $3 billion restructuring deal aimed at creating fiscal space for the southern African nation that defaulted in 2020. June 4 — Uganda’s central bank will announce its latest benchmark lending rate decision. In April, the bank raised the rate to 10.25% from 10% previously. June 4-5 — African leaders will gather in Seoul for the 2024 Korea-Africa summit to discuss economic, political and social cooperation. June 5 — Kenya’s central bank is set to announce its latest lending rate decision. In April, the bank held its benchmark lending rate at 13%. June 6 — Uganda’s President Yoweri Museveni is expected to give a state of the nation address in parliament. June 6-7 — African filmmakers and industry figures from across the world will gather in Arusha, Tanzania, for the two-day Wildscreen Festival Tanzania. June 6 — The finance minister of Mauritius will present the 2024/25 budget to parliament. In 2023/24, Mauritius forecast its budget deficit to fall to 2.9% of GDP from 3.9%. |