Finance Minister Enoch Godongwana said government spending has exceeded revenue since the 2008 global financial crisis, which puts it on the road to a fiscal crisis. Godongwana revealed the country’s dire finances during his medium-term budget policy statement, released on […]
Africa wants the U.S. Congress to renew its flagship trade programme for the continent for at least 10 years, the African Union’s top trade official said on Thursday, adding that any modifications to the initiative should only be considered later. […]
The US government on Wednesday launched a new public-private partnership to try to enrol the corporate sector in its competition with China for control over strategic minerals in Africa and beyond. The State Department is partnering with the non-profit SAFE […]
The U.S. government’s borrowing needs will decline slightly in the final three months of 2023 from the prior quarter, a potentially important development during a turbulent time for the global bond market. In a closely watched announcement Monday afternoon, the […]
German Chancellor Olaf Scholz departed Berlin for Nigeria on Sunday, on what is his third trip to Africa since taking office almost two years ago. German President Frank-Walter Steinmeier is set to do likewise on Monday, when he will arrive […]
Hamilton Insurance Group Ltd. is seeking to raise as much as $270 million in an initial public offering that could mark one of the last major tests of investor appetite for new listings this year. The specialty insurer will offer […]
In a move echoing the spirit of Pan-Africanism, Kenya’s President, William Ruto, has announced an end to visa requirements for all African visitors to the country by 2023. This declaration is a significant step towards the African Union’s (AU) long-cherished […]
Saudi Arabia is holding on to its ultimatum that foreign companies will need to base their regional headquarters in the kingdom or be barred from lucrative government contracts. The deadline: Jan. 1, 2024. In a bold surprise move back in […]
During the Future Investment Initiative (FII) conference in Riyadh, Saudi Arabia’s Finance Minister, Mohammed al-Jadaan, disclosed a projected 6% growth in the non-oil sector for 2023. This announcement reflects both economic robustness and Saudi Arabia’s committed effort to reduce reliance […]
In the bustling heart of Europe, economic tremors are emerging. As the continent’s financial axis tilts, the gaze of economists and investors alike turn to a small Baltic nation, Latvia, which has found itself at the epicenter of these shifts. […]
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