Treasury Secretary Scott Bessent speaking with CNBC on Aug. 4th, 2026. CNBC The U.S. will be applying economic measures “that have never been seen on Iran,” Treasury Secretary Scott Bessent said. “It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of Hormuz…
Multiple and often overlapping crises such as floods or drought due to climate change, violent conflict and economic instability are creating new forms of vulnerability. Collectively they’re known as a polycrisis. These have severe effects on countries in sub-Saharan Africa with high poverty levels where weak institutions and limited public resources make it harder to…
[Daily Maverick] Falling EU fertility, an ageing workforce and cautious regulation threaten Europe’s competitiveness; policymakers must balance family policy, skilled immigration and AI-led automation to sustain prosperity.
Luanda — Participants at the 21st Meeting of Senior Officials of the Coordination Committee of the Africa-Arab Partnership reaffirmed, on Thursday (6), in Cairo, Egypt, the relevance of organizing the Economic Forum between the two regions. According to the final communiqué of the event, it should take place on the sidelines of the 5th Africa-Arab…
Johannesburg — “Intellectually, xenophobia is not being contested, instead people are looking for scapegoats.” South Africa’s Afrophobic anti-migrant protest movement has vowed to keep marching until every undocumented migrant has left the country, despite the campaign’s impact on the economy and the country’s standing across the continent. The March and March movement set 30 June…
Walk through Nairobi and the twenty-first century global economy comes into view. Chinese-built expressways carry commuters to office towers occupied by American technology firms. French retailer Carrefour has become one of the country’s largest supermarket chains. Japanese vehicles dominate the roads while Indian pharmaceutical companies supply hospitals and pharmacies. Increasingly, Gulf investors are financing the…
Addis Ababa — Africa must unlock its vast and largely untapped livestock potential to strengthen food and nutrition security and accelerate inclusive economic growth, experts told ENA. For millions of Africans, livestock is more than a source of food or income. It is the foundation of livelihoods, particularly for pastoral communities. Yet experts say the…
The renewed conflict in the Middle East has once again placed geopolitical risk firmly back on the global agenda and through it all, the resilience shown by the South African economy has been impressive in relation to most economies, with the rand holding up far better than it has during past global shocks. This resilience…
Africa’s journey towards economic transformation requires bold reforms, stronger institutions, sustained investments, and deeper partnerships to unlock the continent’s vast potential, The Gambia’s Minister of Finance and Economic Affairs, Seedy K.M. Keita, has said. Speaking at the closing of the 2026 meeting of African Governors of the International Monetary Fund (IMF) and World Bank Group…
Addis Ababa — The First Africa Pastoral Markets Forum opened in Addis Ababa on Monday with a call to transform Africa’s pastoral livestock sector into a major driver of economic growth, employment, trade, investment, and resilience across the continent. The five-day forum, running from July 13 to 17, has brought together representatives from 15 African…
