While South Africa’s gross domestic product edged up by 0.6 percent in 2024—the strongest annual gain since mid-2023—the numbers mask an uneven recovery and deep structural hurdles. A bumper agriculture season, livelier trade activity and a resilient finance sector provided the bulk of growth, but mining, manufacturing and parts of the energy complex lagged behind. […]
As Kenya faces mounting economic pressures and dwindling external financing, the International Monetary Fund (IMF) has called on the government to prioritize development funding through careful expenditure management. IMF’s advice to Kenya comes amidst the challenges of shrinking access to external financing and the increasing difficulty in mobilizing adequate domestic revenue. The IMF has urged […]
In a critical address to the UN Economic and Social Council (ECOSOC) forum, the UN warned of an impending $4 trillion shortfall that threatens the progress of the Sustainable Development Goals (SDGs). At a time when rising global tensions, soaring debt, and increasing trade barriers are undermining international collaboration, the UN’s top officials called for […]
Zimbabwe is taking a bold step toward ensuring the sustainable management of its fisheries and aquaculture sector with the introduction of a new bill designed to streamline and regulate the country’s fishing industry. This move comes after years of criticism regarding the lack of a cohesive framework, which has contributed to overfishing and unsustainable practices, […]
In a critical move to reshape Kenya’s economic future, the Kenya Private Sector Alliance (KEPSA) has taken a front-line role in engaging Parliament to push for a more business-friendly Finance Bill 2025. The umbrella body, representing a vast array of Kenyan industries, has made clear its stance: the current fiscal landscape is unsustainable for investment […]
The global economy is headed for rougher waters, according to a new report released today by the United Nations Conference on Trade and Development (UNCTAD). Global growth is now projected to slow to just 2.3% in 2025, falling beneath the often-cited 2.5% threshold that many economists associate with a technical global recession. This forecast paints […]
In a decisive move to bolster the nation’s industrial base and promote local innovation, the National Agency for Science and Engineering Infrastructure (NASENI) has unveiled comprehensive strategies aimed at enhancing the visibility, acceptance, and competitiveness of Made-in-Nigeria products. The initiative, described as both timely and necessary, seeks to tackle head-on the persistent challenges that have […]
In a landmark move that could reshape Kenya’s financial diplomacy and economic trajectory, the East African nation is preparing to receive the first $500 million installment of a $1.5 billion commercial loan from the United Arab Emirates (UAE). This initial disbursement, expected next week, marks a significant step in Nairobi’s pivot toward non-traditional lenders as […]
Introduction: A Perfect Storm of Trade Tensions and Economic UncertaintyThe International Monetary Fund (IMF) has called on Asian central banks to wield monetary policy as a shield against the economic fallout from escalating U.S. tariffs, warning that the region’s growth prospects face significant risks from trade disruptions and financial market volatility. In its latest regional […]
A Tit-for-Tat Trade Dispute Shakes Southern Africa Tanzania has ignited a regional economic standoff by imposing immediate bans on agricultural imports from South Africa and Malawi. The move, announced late Wednesday by Agriculture Minister Hussein Mohamed Bashe, is a direct retaliation against what Tanzania calls “hostile trade measures” imposed by its Southern African Development Community […]
In a pivotal moment for Kenya's economic trajectory, President William Ruto has officially assented to three critical National Assembly Bills:...
In a significant pronouncement that reverberates through the burgeoning digital asset landscape, the Bank for International Settlements (BIS), often referred...
The Coca-Cola Company, a global beverage giant, has unveiled a groundbreaking study highlighting its monumental socio-economic impact across the African...
A transformative era has dawned for chilli farmers in Kenya's coastal region with the official commissioning of a state-of-the-art Sh250...
