ECONOMY Archives - Page 2 of 23

Zimbabwe’s Economic Collapse: Why Citizens Still Cling to Myths of Urban Prosperity and Economic Success

Eniola OladeleApril 2, 2025

by Eniola OladeleApril 2, 2025051

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)

Eniola OladeleMarch 30, 2025

by Eniola OladeleMarch 30, 2025042

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...

Africa ECONOMY

South African Markets Close in the Red as Mining and Financial Stocks Tumble

Eniola OladeleMarch 28, 2025

by Eniola OladeleMarch 28, 2025039

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...

Africa ECONOMY

IMF Exit and Eurobonds Raise Questions Over Kenya’s Debt Sustainability and Economic Future

Eniola OladeleMarch 19, 2025

by Eniola OladeleMarch 19, 2025056

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...

Africa ECONOMY

South African Banks Deliver Mixed Verdict on National Budget

Eniola OladeleMarch 19, 2025

by Eniola OladeleMarch 19, 2025054

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,...

Africa ECONOMY

The Rise of Unemployed Youth Unions in Tanzania: Implications for the Nation’s Economy, Politics, and Social Stability

Eniola OladeleMarch 18, 2025

by Eniola OladeleMarch 18, 2025057

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....

Africa ECONOMY Uncategorized

Vendor Menace: ‘It’s the Economy, Stupid!’ – How Economic Pressures Are Driving Retailers to Aggressively Target Suppliers

Eniola OladeleMarch 17, 2025March 17, 2025

by Eniola OladeleMarch 17, 2025March 17, 2025058

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...

ECONOMY Entertainment

Nigerian Music Exports Surge 49% Amidst Afrobeats’ Global Boom

Eniola OladeleMarch 14, 2025

by Eniola OladeleMarch 14, 2025058

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...

ECONOMY POLITICS

Ghana Faces $156 Million Shortfall in State Budget After USAID Freeze

Eniola OladeleMarch 13, 2025

by Eniola OladeleMarch 13, 2025066

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...

Africa ECONOMY

Cosatu Mobilizes in Mass Demonstrations Across South Africa to Protest VAT Increase and Budget Austerity Measures

Eniola OladeleMarch 13, 2025

by Eniola OladeleMarch 13, 2025046

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 ECONOMY

Aviation Coalition Urges Trump Administration to Address Critical Supply Chain Issues to Safeguard Industry Recovery

Eniola OladeleMarch 12, 2025

by Eniola OladeleMarch 12, 2025032

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...

Africa ECONOMY

Ethiopia to Purchase 6 Cargo Ships to Expand Trade Fleet and Boost Maritime Trade with Somalia

Eniola OladeleMarch 12, 2025

by Eniola OladeleMarch 12, 2025058

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...

Africa ECONOMY

Senegal’s Dollar Bonds Drop After S&P and Moody’s Downgrades, Raising Concerns Over Debt Sustainability

Eniola OladeleMarch 12, 2025

by Eniola OladeleMarch 12, 2025057

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 &...

Africa ECONOMY

MK Party Issues Stark Warning Against VAT Hike, Threatens National Disruption

Eniola OladeleMarch 11, 2025

by Eniola OladeleMarch 11, 2025067

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,...

Africa ECONOMY

Botswana Sets Course for Economic Diversification Under AfCFTA: A New Era for Trade and Industry in Africa

Eniola OladeleMarch 10, 2025

by Eniola OladeleMarch 10, 2025061

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...

Africa ECONOMY

Leon Schreiber Rebukes EFF MP in Heated Debate Over Elon Musk

Eniola OladeleMarch 7, 2025

by Eniola OladeleMarch 7, 2025054

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)...

Africa ECONOMY

South Sudan Tensions Rise Amid Push for Oil Export Expansion

Eniola OladeleMarch 7, 2025

by Eniola OladeleMarch 7, 2025040

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...

ECONOMY POLITICS

Parliament Confident Godongwana Will Deliver Strong and Balanced Budget Amid Economic Challenges

Eniola OladeleMarch 6, 2025

by Eniola OladeleMarch 6, 2025044

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...

Africa ECONOMY

ANC Veterans League’s Snuki Zikalala Warns Against Budget That Favors the Wealthy, Urges Focus on Supporting Poor Households

Eniola OladeleMarch 6, 2025

by Eniola OladeleMarch 6, 2025044

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...

Africa ECONOMY

Egypt Emphasizes Importance of Strategic Partnership with Spain for Regional Growth and Cooperation

Eniola OladeleMarch 6, 2025

by Eniola OladeleMarch 6, 2025055

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...

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