Economic growth
A recent study has shed light on the crucial role of public health expenditure in promoting economic development and sustainable growth in South Africa. The research, conducted by a team of experts from Walter Sisulu University, found a significant correlation between government health spending and human development, with a particular
Economic growth
Economic growth in Lesotho has been slowing, and the country is struggling to address its high public wage bill, which the International Monetary Fund (IMF) has identified as a major challenge for the country's fiscal stability. According to the IMF, Lesotho's wage bill is the highest
Economic growth
A recent study conducted by the Graduate School has uncovered a significant relationship between foreign direct investment, economic growth, and renewable energy consumption worldwide. The research analyzed data from 110 countries between 1990 and 2020, concluding that foreign direct investment and economic growth have a U-shaped impact on renewable energy
Economic growth
The Bank of Korea, South Korea's central bank, kept its benchmark interest rate unchanged at 2.5 percent, taking a cautious approach amidst concerns about rapidly rising housing prices, growing household debt, and uncertainties stemming from the United States' tariff policy. The decision, which was widely expected,
Economic growth
Flutterwave, the leading payments technology company in Africa, has secured a crucial Payment Institution (PI) license from the Central Bank of West African States (BCEAO), positioning it to help Senegalese businesses scale by offering seamless digital payment services. This development highlights the company's commitment to connecting Africa to
Economic growth
A new youth empowerment initiative, the Skills for Entrepreneurship and Employment Development (SEED) programme, has been launched in Tanzania by the NMB Foundation and Save the Children. The programme focuses on entrepreneurship and skills development, aiming to prepare Tanzanian youth to compete and thrive in an evolving economic environment. The
Economic growth
The UK and Japan have strengthened their economic ties by signing a Memorandum of Cooperation (MoC) aimed at enabling increased UK investment into Japan. The agreement was signed at the British Embassy in Tokyo by Baroness Poppy Gustafsson of Chesterton CBE, UK Minister for Investment, and Mr. Seto Takakazu, State
Economic growth
Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has sounded the alarm on the increasing threat of digital assets fraud, which he believes poses a significant challenge to market integrity and investor confidence. Speaking at an event marking African Union Anti-Corruption Day, Agama emphasized that corruption remains
Economic growth
The Netherlands Bureau for Economic Policy Analysis (CPB) has revised down its economic growth forecasts for the coming years, citing mounting global uncertainty and the effects of U.S. trade policies. The CPB projects that the Dutch economy will grow by 1.7 percent in 2025 and 1.3 percent
Economic growth
Bangladesh Bank, the central bank, is set to release its new monetary policy by the end of July, marking a potential shift from its contractionary stance to a more growth-oriented approach. Business leaders are pinning their hopes on a more investment-friendly regime with lower lending rates and continued political stability.
Economic growth
Bank Negara Malaysia took a proactive step to support the country's economic growth by cutting the Overnight Policy Rate (OPR) by 25 basis points to 2.75 per cent. This decision aims to preserve a steady growth path despite external uncertainties that could impact Malaysia's economy.
Economic growth
South African chief economist Dawie Roodt warns that the US's imposition of new tariffs on South African exports from August 1 will exacerbate the country's de-industrialization, stifle economic growth, and lead to higher unemployment. Roodt emphasizes that the tariffs will particularly affect manufacturing and agriculture, sectors
