Business and Economy

In Indonesia, ‘pay later’ services leave some drowning in debt | debt news

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Ubud, Indonesia – Nadia Pottery’s mounting debts began with the purchase of one cell phone. Putri, who lives in Kuala Kapuas, Central Kalimantan, about 1,600 kilometers from Jakarta, had been dreaming of upgrading to a newer model for months but didn’t have enough money. Then, earlier this year, the 21-year-old college student noticed that there … Read more

Analysis: Africa’s largest economy “saturated” | poverty and development

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Abuja, Nigeria – In February 2019, Eat’n’Go, the Nigerian franchisee of popular pizza maker Domino’s, offered a miniature version of the pizza boxes the market was familiar with, for 550 naira ($1.50). Much smaller and cheaper than a medium pizza that costs N3,900 ($9), this new version is designed to be affordable. CEO Patrick Michael … Read more