In a significant milestone for Somalia’s long-suffering economy, the government in Mogadishu has signed a $306.5 million debt relief deal with the Arab Monetary Fund (AMF). The agreement, announced on April 10, 2025, in a ceremony held in Kuwait, is being celebrated as a critical step forward in Somalia’s ambitious economic reform programme. This deal […]

South Africa, Africa’s largest economy, is at a crossroads. Amid persistent infrastructural deficits—especially in energy and logistics—and sluggish economic growth, the country is grappling with a crisis that has deepened over the past decade. Chronic issues such as load-shedding and inefficient transport networks have undermined productivity, leaving the nation with stagnant growth rates, soaring unemployment, […]

The African Development Bank (AfDB) is mobilizing $2.2 billion to develop agricultural processing zones in 28 states across the country. This ambitious project is aimed at creating state-of-the-art facilities that process agricultural produce much closer to the source—directly at or near the farms—to reduce post-harvest losses, strengthen value chains, and ultimately create millions of jobs […]

In a climate of economic uncertainty and fiscal strain, Zimbabwe finds itself wrestling with a staggering US$1.2 billion debt owed to infrastructure contractors. This mounting arrears issue has sent ripples through the nation’s development agenda as stalled public projects—from major roadways to vital dam constructions—face delays due to liquidity challenges. Amid heightened public scrutiny and […]