South African Markets Close in the Red as Mining and Financial Stocks Tumble
South African markets ended Thursday’s trading session in negative territory, driven by a significant slump in mining and financial stocks, which weighed heavily on the...
Category : ECONOMY
IMF Exit and Eurobonds Raise Questions Over Kenya’s Debt Sustainability and Economic Future
Kenya’s economic trajectory is facing increased scrutiny, as a combination of factors ranging from the International Monetary Fund’s (IMF) decision to exit from a loan...
South African Banks Deliver Mixed Verdict on National Budget
South African banks have provided a range of responses to the country’s recently announced national budget, with varying outlooks on the implications for economic growth,...
The Rise of Unemployed Youth Unions in Tanzania: Implications for the Nation’s Economy, Politics, and Social Stability
In recent years, Tanzania has witnessed a surge in the formation of youth unions representing the increasing number of unemployed young people in the country....
Vendor Menace: ‘It’s the Economy, Stupid!’ – How Economic Pressures Are Driving Retailers to Aggressively Target Suppliers
The phrase It’s the economy, stupid became a rallying cry during Bill Clinton’s 1992 presidential campaign, serving as a stark reminder of how economic factors...
Nigerian Music Exports Surge 49% Amidst Afrobeats’ Global Boom
In the past few years, Nigerian music has experienced an incredible surge in global recognition, with Afrobeats at the forefront of this cultural export. Nigerian...
Ghana Faces $156 Million Shortfall in State Budget After USAID Freeze
In a surprising turn of events, Ghana’s government is grappling with a significant shortfall of $156 million in its state budget due to the unexpected...
Cosatu Mobilizes in Mass Demonstrations Across South Africa to Protest VAT Increase and Budget Austerity Measures
South Africa’s largest trade union federation, the Congress of South African Trade Unions (Cosatu), has organized a series of large-scale demonstrations in response to the...
Aviation Coalition Urges Trump Administration to Address Critical Supply Chain Issues to Safeguard Industry Recovery
A broad coalition of aviation industry leaders, including airline executives, manufacturers, and service providers, is calling on the Trump administration to take swift and decisive...
Ethiopia to Purchase 6 Cargo Ships to Expand Trade Fleet and Boost Maritime Trade with Somalia
In a strategic move to enhance its maritime trade capabilities, Ethiopia has announced plans to purchase six new cargo ships as part of its ongoing...
Senegal’s Dollar Bonds Drop After S&P and Moody’s Downgrades, Raising Concerns Over Debt Sustainability
Senegal’s dollar-denominated bonds have experienced a sharp decline following recent credit rating downgrades by two of the world’s most prominent credit rating agencies, Standard &...
MK Party Issues Stark Warning Against VAT Hike, Threatens National Disruption
The political climate in South Africa has heated up after the MK Party, a prominent political group with strong roots in the country’s anti-apartheid history,...
Botswana Sets Course for Economic Diversification Under AfCFTA: A New Era for Trade and Industry in Africa
In recent years, Africa has seen an emergence of a collaborative approach toward trade, with the African Continental Free Trade Area (AfCFTA) paving the way...
Leon Schreiber Rebukes EFF MP in Heated Debate Over Elon Musk
A parliamentary session in South Africa turned contentious as Democratic Alliance (DA) MP Leon Schreiber delivered a scathing rebuke to an Economic Freedom Fighters (EFF)...
South Sudan Tensions Rise Amid Push for Oil Export Expansion
South Sudan, one of the world’s youngest nations, is once again facing heightened tensions as its leaders grapple with a renewed push to increase oil...
Parliament Confident Godongwana Will Deliver Strong and Balanced Budget Amid Economic Challenges
In a climate of economic uncertainty, the South African Parliament has expressed strong confidence that Finance Minister Enoch Godongwana will table a comprehensive and balanced...
ANC Veterans League’s Snuki Zikalala Warns Against Budget That Favors the Wealthy, Urges Focus on Supporting Poor Households
The African National Congress (ANC) Veterans League has expressed serious concerns over the national budget, with Snuki Zikalala, a prominent figure in the organization, warning...
Egypt Emphasizes Importance of Strategic Partnership with Spain for Regional Growth and Cooperation
In a recent statement, Egyptian officials highlighted the growing importance of the bilateral relationship between Egypt and Spain, emphasizing that the partnership between the two...
South African-Based Conglomerate to Invest U.S.$15 Million in State-of-the-Art Mall in Harare
In a significant move that underscores Zimbabwe’s growing appeal as a business destination, a prominent South African-based conglomerate has announced plans to build a U.S.$15...
New Bank of Ghana Governor Confirms Akufo-Addo Government Spent $230 Million on New Headquarters
The newly appointed Governor of the Bank of Ghana, Dr. Ernest Addison, has confirmed that the Akufo-Addo-led government allocated a substantial sum of $230 million...