insert_link South Africa South Africa will be president of the G20 in 2025: two much-needed reforms it should drive By Danny Bradlow, University of Pretoria South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global economy, 75% of world trade and 67% of global population. The G20 defines itself as the premier multilateral forum […] todayMay 15, 2024 15
insert_link Business / Economics American energy companies pass on Iraqi oil American energy majors are once again shunning the chance to extract Iraqi oil, leaving the door wide open for Chinese companies to invest instead. todayMay 13, 2024 26
insert_link Business / Economics Japan and the United Kingdom enter recession Two of the world's leading economies - Japan and the United Kingdom - recently entered into recession, highlighting the financial struggles that countries have been facing after the COVID-19 pandemic. We asked Salomei Hei the Managing Director at High Economic Intelligence for his take on global economic development. todayFebruary 19, 2024 12
insert_link World Guterres calls for a ‘global order that works for everyone’ UN Secretary-General António Guterres addressed the Münich security conference on Friday where he called for a global order that works for everyone. Guterres also warned against an all-out offensive on the city of Rafah which is at the core of the entire humanitarian operation in Gaza. Moving on to Ukraine, he said two years into the war, the cost of human lives and suffering is appalling while the impact […] todayFebruary 19, 2024 13
insert_link Business / Economics Bank of Namibia expected to cut repo rate by 25bps as inflation cooling By Josef Kefas Sheehama At its first Monetary Policy Committee meeting of 2024, on the 14 February 2024, the Bank of Namibia is expected to cut its Repo Rate by 25 basis points. All of Namibian’s banks now expect the Bank of Namibia to cut its Repo Rate target by 0.25 basis points on the 14 February 2024, which would bring its key lending rate to 7.50%. This […] todayFebruary 13, 2024 35
insert_link Opinion Pieces Houthi militant attacks in the Red Sea raise fears of Somali piracy resurgence By Samuel Oyewole, Federal University, Oye Ekiti Renewed attacks on ships by suspected Somali pirates since November 2023 have fuelled fear of a new threat of piracy off the east coast of Africa. The area at risk stretches from the Red Sea to the Gulf of Aden and the Indian Ocean. At least four ships have been hijacked off the Somalia coast since November 2023. Concern has risen […] todayFebruary 1, 2024 3
insert_link Business / Economics IMF forecasts Asia-led global economic soft landing in 2024 The International Monetary Fund is forecasting growth in Asia will help guide the global economy to a ‘soft landing’ in 2024. The IMF on Wednesday released its regional outlook for the Asia-Pacific which expects China and India to drive growth in the region. todayFebruary 1, 2024 6
insert_link Business / Economics BRICS bloc dominates global GDP and wealth The BRICS bloc now represents more than 45% of the world’s population and accounts for nearly 36% of global GDP than G7 countries (30%) when adjusting for purchasing power parity. According to investment migration consultancy, Henley and Partners’ BRICS Wealth Report, the total investable wealth currently held in the BRICS bloc amounts to $45 trillion and its millionaire population is expected to rise by 85% over the next 10 years. todayFebruary 1, 2024 2
insert_link Africa Davos: Global economists see bright spots in Africa growth prospects By Conrad Onyango, bird story agency Top economists agree that Africa's economic prospects for 2024 are positive, as small countries sparkle in the face of sluggish global growth projections. Chief economists from the World Economic Forum, World Bank and United Nations project Africa’s economy will defy the impacts of weak investments, debt crises, inflation, tight financial conditions and extreme weather patterns to record an improvement over 2023. A strong majority […] todayJanuary 19, 2024 16
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
