South African Retail Trade Sales Experience 3.9% Growth in Recent Data
South Africa’s retail sector has shown a positive upswing, with retail trade sales rising by 3.9% year-on-year, according to the latest data released by Statistics...
Category : ECONOMY
Central Bank of Egypt Expected to Cut Interest Rates Amid Economic Pressure
As Egypt grapples with mounting economic challenges, speculation has risen about a potential interest rate cut by the Central Bank of Egypt (CBE). Financial analysts...
Kenya Introduces New Crypto Bill to Regulate Digital Assets and Enhance Consumer Protection
Kenya has taken a significant step toward regulating the burgeoning cryptocurrency market with the introduction of the Digital Assets and Commodities Bill. This proposed legislation...
Kenya Finance Bill 2025: Finance Committee Chair Kuria Kimani Hints at Introduction of New Taxes
In a recent statement, Kuria Kimani, the Chairman of the Finance Committee in Kenya’s Parliament, has signaled that the upcoming Finance Bill 2025 will introduce...
The Decline of Tunisia’s Most Powerful Trade Union: Challenges, Internal Struggles, and the Future of Workers’ Rights
Tunisia’s trade union movement has long been a powerful force in the country’s political and social landscape. The Tunisian General Labour Union (UGTT), established in...
South Africa’s Textile Imports Surge 21% to $646 Million in January-February 2025
In the first two months of 2025, South Africa’s textile imports have experienced a significant surge, climbing by 21% to reach a total of $646...
Zimbabwe’s Economic Collapse: Why Citizens Still Cling to Myths of Urban Prosperity and Economic Success
Zimbabwe, once heralded as the breadbasket of Africa, has faced a tumultuous economic journey in recent decades. From hyperinflation to unemployment rates that have reached...
ANC, DA Close to Historic Deal on Economy to Secure Future of South Africa’s Government of National Unity (GNU)
In a groundbreaking development, South Africa’s ruling African National Congress (ANC) and the opposition Democratic Alliance (DA) are reportedly on the brink of striking a...
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...
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,...