By: South Africa’s headline consumer inflation eased for the second consecutive month in April, providing some respite for the nation’s economy. Statistics South Africa reported on Wednesday that the inflation rate declined to 5.2% year-on-year, down slightly from 5.3% in March. On a monthly basis, inflation was recorded at 0.3% in April, a notable decrease […]
This week, Seoul is hosting a pivotal summit focused on establishing new regulatory frameworks for artificial intelligence (AI). Co-hosted by South Korea and the United Kingdom, the event builds on discussions initiated at a similar conference held six months ago in the UK. The November summit in the UK saw notable figures like Tesla’s Elon […]
In a strategic move to propel Kenya’s digital landscape forward, Microsoft Corp. and G42 have announced a substantial $1 billion investment initiative. This collaboration, in partnership with Kenya’s Ministry of Information, Communications, and the Digital Economy, signifies a pivotal moment for Kenya’s technological advancement. At the core of this initiative is the establishment of a […]
Kenya’s economy demonstrates resilience, with the latest Economic Survey Report unveiling a robust growth trajectory. According to the Kenya National Bureau of Statistics, the Gross Domestic Product (GDP) surged to 5.6% in 2023, a notable improvement from the revised figure of 4.9%. Agriculture, Forestry, and Fishing emerge as key drivers of this growth, experiencing a […]
The International Energy Agency’s (IEA) Global Critical Minerals Outlook 2024 forecasts that the combined market size of essential energy transition minerals will more than double, reaching approximately $770 billion by 2040. Investment Needs and Market Dynamics The report emphasizes the necessity of substantial additional investments to meet global energy and climate goals. Minerals such as […]
South African telecom leader Vodacom and French telecom giant Orange are in discussions to establish infrastructure partnerships across Africa, aiming to reduce connectivity costs and enhance rural access. According to sources cited by Bloomberg, the potential agreements would involve sharing infrastructure in overlapping markets, including Egypt and Congo. This collaboration seeks to make network rollout […]
In a recent report by the Financial Times, Kenya emerges as a notable contender in Africa’s business arena, securing the third position among countries with the fastest-growing companies. With an impressive eleven firms featured on the list of 125 rapidly expanding enterprises, Kenya showcases its resilience and innovation amidst economic challenges exacerbated by the COVID-19 […]
The Dow Jones Industrial Average crossed the 40,000 threshold for the first time on Thursday, reflecting investor optimism driven by expectations of potential U.S. interest rate cuts and strong corporate earnings. Despite this significant milestone, the market saw a slight pullback by the end of the trading session. The Dow reached an intraday high of […]
The United Nations (UN) has issued a warning that Egypt’s economy could suffer losses of up to $20 billion over the current and next fiscal years (FYs) 2023/2024 and 2024/2025 if the Gaza conflict continues to escalate. This forecast, highlighted in a recent UN study, outlines the significant economic risks posed by the ongoing regional […]
The Central Bank of Nigeria (CBN) has reiterated its commitment to addressing the nation’s rising inflation through continued interest rate hikes. Governor Olayemi Cardoso, in a recent interview with the Financial Times, assured that the Monetary Policy Committee (MPC) is dedicated to implementing necessary measures to stabilize the economy. Cardoso emphasized a strategic return to […]
Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit...
The United States labor market delivered a robust performance in June, with job growth surpassing economists' forecasts and the unemployment...
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone...
The vibrant city of Nairobi is currently hosting a pivotal event poised to redefine Africa's investment landscape: the inaugural NextFrontierAfrica...
