Highly indebted African countries are facing stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies. Government debt has risen in at least 40 …
Editor
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AfricaAFRICA NEWSEducationFEATURED NEWS
Education can be the path toward a more peaceful future
by Editorby EditorThe sixth International Day of Education was observed last week. This is a day dedicated to celebrating the profound impact of education as a fundamental human right and a catalyst …
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AfricaAFRICA NEWSEducation
Epson, Liquid Launch Initiative To Support Schools In Africa
by Editorby EditorGlobal technology company, Epson has set up a school donation programme that will see schools in Africa receive printers, projectors, and visualizers. The company has set out on this journey …
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FEATURED NEWSSpotlight
2023 Corruption Perceptions Index: Weakening Justice Systems Leave Corruption Unchecked
by Editorby EditorThe 2023 Corruption Perceptions Index (CPI) released today by Transparency International shows that most countries have made little to no progress in tackling public sector corruption. The CPI global average …
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The International Monetary Fund (IMF) slashed South Africa’s economic growth outlook for the year by about half. Initial growth estimates sat at 1.8% for 2024, but the Washington-based lender’s revised …
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AfricaAFRICA NEWSSpotlight
PayPal to Cut Around 2500 jobs as rivals snag market share
by Editorby EditorPayPal Holdings will reduce its workforce by about 9% as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Joburg high court says illegal occupiers ‘can stay’
by Editorby EditorThe Johannesburg High Court last week rejected an application for the eviction of illegal occupants in two formerly commercial buildings in Doornfontein, Johannesburg, saying there does not appear to be …
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AfricaAFRICA NEWSSouth AfricaSouthern Africa
Rand little changed ahead of Fed rate decision
by Editorby EditorThe rand was little changed early on Wednesday, ahead of an interest rate decision by the Federal Reserve. At 0732 GMT, the rand traded at R18.78 against the dollar. The …
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Cryptocurrency
US bitcoin ETFs raise questions over broader financial system risks
by Editorby EditorThe launch of U.S. exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating unforeseen new risks, some experts say. …
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AfricaAFRICA NEWSSpotlight
China issues first development loan under ‘project whitelist’ mechanism – media
by Editorby EditorChina has granted its first development loan under its “project whitelist” mechanism, the country’s official Securities Times reported on Wednesday. The loan worth 330 million yuan ($46 million) to a …