Economic growth
A new study on environmental and sustainability indicators has found that technological innovation and cleaner energy consumption play a crucial role in driving economic growth and employment opportunities in the Middle East and North Africa (MENA) region. Using panel data from seven countries between 1990 and 2022, researchers from University
Economic growth
Morocco has been implementing policies aimed at promoting technological innovation and clean energy consumption, with a focus on aligning the country's economic and energy transition with the Sustainable Development Goals. A recent study conducted by researchers at the University Mohammed VI Polytechnic has examined the effects of these
Economic growth
China's Belt and Road Initiative (BRI), launched in 2013, has been steadily transforming regional and global economic landscapes. In the first half of this year, construction contracts and diverse investments in BRI totaling $124 billion were higher than the $122-billion full-year figure in 2024, and hit an all-time
Economic growth
The Turkish Central Bank surprised markets by cutting its policy rate by 250 basis points, lowering the benchmark one-week repo rate from 43% to 40.5%. This move was more aggressive than the expected 200 basis point rate cut. The decision came as the bank noted that the underlying trend
Economic growth
The Bank of Korea, South Korea's central bank, has announced that it will consider household debt and housing market stability when determining the timing and extent of further interest rate cuts. This decision comes as the Asian economy faces growth below its potential rate, with the upward trend
Economic growth
Nigeria's public debt has skyrocketed to an alarming N100 trillion in President Bola Ahmed Tinubu's first year in office, a staggering 67% increase from his predecessor's total debt of N59.5 trillion over eight years. The majority of this debt is directed towards recurrent
Economic growth
The Gauteng MEC for Finance and Economic Development, Lebogang Maile, emphasized the importance of including the manufacturing sector in the City of Tshwane's economic strategy to boost the local economy, combat poverty, and create jobs. The city's economic revitalisation strategy aims to attract between R17 billion
Economic growth
China's economy has been advancing steadily, with a GDP growth rate of 5.3% in the first half of 2025, according to the National Energy Bureau. The country's electricity consumption surpassed 10 billion kilowatt-hours for the first time in July 2025, more than double the consumption
Economic growth
Cote d'Ivoire's economy has demonstrated remarkable resilience in the face of global shocks, with economic growth reaching 6% in 2024, outpacing the global average of 2.8% and the regional average of 3.2%. Despite the country's progress, it still faces challenges in sustaining
Economic growth
The Managed Funds Association (MFA) has submitted a letter to the European Commission, calling for reforms to strengthen EU capital markets, investor opportunities, and economic growth. The letter, submitted in advance of President von der Leyen's State of the Union address, outlines three key recommendations to reduce regulatory
Economic growth
Nigeria's Vice President, Kashim Shettima, emphasized the significance of the administration's bold reforms in addressing the country's structural weaknesses, likening them to a "painful but necessary surgery" that will eventually lead to permanent recovery. Speaking at the 66th Annual Conference of the
Economic growth
The African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank (ShafDB) have formed a strategic partnership to accelerate sustainable urban development across Africa. This collaboration aims to promote economic growth and enhance project quality on the continent, leveraging each institution's expertise to unlock new opportunities in critical sectors.
