Economic growth
The John S. and James L. Knight Foundation announced $19.8 million in new investments to advance Detroit's arts and tech economy, civic infrastructure, and public spaces. This commitment builds on decades of partnership to support the city's revitalization and expands Knight's investments from
Economic growth
Vietnam's construction chemicals market is expected to grow at a CAGR of 5.60 percent between 2025 and 2034, driven by increasing interest and investment from foreign investors in the country's real estate sector. The market reached approximately USD 460.30 Million in 2024 and is
Economic growth
The African Export-Import Bank (Afreximbank) and Nigeria's Bank of Agriculture (BoA) have signed a US$1 billion deal to support smallholder farmers and small and medium-sized enterprises (SMEs) in Nigeria. The partnership aims to enhance food security, improve productivity, and drive inclusive economic growth. Mrs. Kanayo Awani, Executive
Economic growth
The National Credit Guarantee Company (NCGC) has made a significant stride in Nigeria's economic journey by formalizing strategic partnerships with leading Participating Financial Institutions (PFIs) through a Memorandum of Understanding (MoU) at the Victoria Hall, Lagos Continental Hotel. This ceremony marks a crucial milestone in Nigeria's
Economic growth
The global economy has shown a remarkable degree of resilience in the face of higher US tariff rates, according to QNB. Initially, the tariff announcements sparked a sharp downturn in growth expectations, with some forecasting a world recession. However, as more moderate and pragmatic trade agreements were reached, asset prices
Economic growth
The outlook for the global economy remains positive despite trade disruptions, with the Qatar National Bank (QNB) noting that the world economy will largely remain resilient in the face of uncertainty and turbulence in global trade flows. The bank's report highlighted several factors supporting this optimism, including interest
Economic growth
In the post-independence era, African countries, including Ethiopia, have shifted their focus from large-scale industrial investments to smaller enterprises due to inadequate results. However, the liberalization of the economy and adoption of market forces as the norm have led to disappointing outcomes, with many micro-enterprises and small and medium-sized enterprises
Economic growth
Governor Lucky Aiyedatiwa of Ondo State has praised President Bola Ahmed Tinubu for introducing the Renewed Hope Employment Initiative (RHEI 2), a strategic intervention to address the nation's unemployment challenge. The governor noted that the initiative, implemented through the National Directorate of Employment (NDE), aims to provide jobs
Economic growth
A recent study published in the Discover Sustainability journal has shed light on the complex interplay between energy consumption, fossil fuel use, renewable energy adoption, foreign direct investment, population growth, economic growth, and environmental pollution in South Korea over the past three decades. The research, conducted by a team of
Economic growth
The Gulf Cooperation Council (GCC) countries have witnessed a significant increase in cross-border investments, with Sovereign Wealth Funds (SWFs) playing a crucial role in driving economic growth and diversification. According to a novel analysis of deal-level datasets, the GCC countries' cross-border investment portfolios have expanded across various dimensions, including
Economic growth
US President Donald Trump has increased pressure on the Federal Reserve to lower interest rates, citing disappointing August jobs data. Trump has repeatedly urged the Fed to slash rates, claiming they are hindering economic growth by keeping borrowing costs too high. The recent jobs data, which showed a meager 22,
Economic growth
China's extensive economic growth has led to significant energy consumption, posing challenges to sustainable development. The Chinese government has implemented policies to limit energy intensity and reduce dependence on energy resources. A recent study conducted by researchers from Shandong Technology & Business University evaluates the effectiveness of the
