The International Monetary Fund (IMF) has uncovered a significant discrepancy in Zimbabwe’s external debt figures, revealing that the southern African nation’s debt burden exceeds official government estimates by more than $2 billion—a finding that casts serious doubt on the country’s prospects for securing desperately needed debt relief from international creditors. According to the IMF’s newly […]

JOHANNESBURG, October 8, 2025 — South African President Cyril Ramaphosa has taken the extraordinary step of declaring an “economic emergency,” unveiling an ambitious 10-point recovery plan alongside the establishment of a dedicated “Economic War Room” within the Presidency as Africa’s most industrialized nation confronts converging crises threatening economic stability and social cohesion. The dramatic announcement […]

Kenya has announced that Tanzania has agreed to exclude Kenyan nationals from a controversial ban on foreign ownership of small businesses, a decision that potentially averts diplomatic tensions between the two East African neighbors and reinforces their commitment to regional economic integration. This significant policy clarification came after intensive bilateral negotiations held in Dar es […]

Egypt’s Central Bank delivered its fourth interest rate reduction of 2025 on Thursday, cutting overnight rates by 100 basis points as policymakers determined that inflationary pressures remain sufficiently contained to justify continued monetary easing despite robust economic growth that accelerated to 5% in the second quarter of the year. The Central Bank of Egypt’s Monetary […]