Economy

Sub-Saharan African countries are facing a debt crisis that could jeopardize their public services, such as health and education, and hamper their economic recovery. The International Monetary Fund (IMF) has …

Nigeria’s ongoing economic strife, accentuated by persistent foreign exchange crises, is compelling major manufacturing firms to overhaul their business strategies, a move experts warn could jeopardize product quality and pose …

South Africa’s state-owned freight-rail and ports company, Transnet, is seeking urgent financial support from the government to implement a turnaround plan that aims to restore its operational and financial performance. …

Uganda’s harsh anti-gay law, which imposes the death penalty for some same-sex acts, has put the country’s relationship with the World Bank under strain. The bank has suspended new funding …

Zimbabwe faces a massive brain drain as thousands of skilled workers leave the country in search of better opportunities abroad. The economic meltdown, which has been worsened by the impact …

In 2017, Kenya proudly unveiled the first section of its Chinese-financed railway. However, two years later, construction halted midway, and plans to connect it to other East African nations seem …

 Kenya’s trade deficit, the gap between imports and exports, narrowed by 9.7% or $727 million in the first eight months of 2023, according to the latest data from the Kenya …

On Friday, global stocks experienced a downturn as recent U.S. inflation data exceeded expectations. With Europe set to release its consumer price data, there’s rising anticipation about central banks possibly …

Africa is facing a health crisis that disproportionately affects women and children. According to the Global Financing Facility (GFF), a partnership that supports low- and middle-income countries to improve their …

Bolt, a leading ride-hailing company, has reaffirmed its commitment to the Kenyan market and its compliance with the regulations despite facing a possible suspension of its operations by the end …