economic

Mogadishu (AX) — The city of Mogadishu on an ordinary Wednesday afternoon bore witness to a meeting that could potentially alter the trajectory of Somali-Arab relations. Somali Prime Minister Hamsa Abdi Barre welcomed Ambassador Abdullah Al-Otaibi, representing the Arab League Mission in Somalia, to a discussion characterized by ambition, potential, and mutual growth. Their conversation, while cordial and forward-thinking, was charged with the unspoken acknowledgment of the historical bonds and the pressing need for…

In a year marked by significant economic challenges, Kenyan banks have outdone themselves, posting a remarkable profit of Sh240.1 billion in 2024. This milestone comes despite the turbulent financial landscape of the nation. But what does this mean for the average Kenyan and the broader economy? As we delve into the details, let's explore the interplay between high profits and economic hardship, drawing insights from leading financial figures. Surprisingly, amid this financial success, banks…

Climate change is undoubtedly a daunting topic, casting a cloud over much of our discussions. Its status as an existential crisis complicates the search for positive news. Recent developments, particularly with the advent of the second Trump Administration, have intensified these challenges. The administration has systematically rolled back America’s climate commitments, diminishing support for clean technology industries, and even withdrawing from the Paris Climate Agreement—an unprecedented move for the world's largest…

Welcome to Your Daily Insight into the African Economy Thank you for joining our community! We are thrilled to offer you a window into the dynamic world of the African economy. Our mission? Simple yet profound: to equip you with expertly curated content from Business Insider that keeps you at the forefront of the most compelling topics, trends, and conversations shaping the African market today. Imagine, each morning, sipping your coffee while you delve into a thorough blend of insights on not just economics…

Reevaluating Risks: Navigating Market Dynamics Edited By Ali Musa, Axadle Times international–Monitoring. The world of finance is like a bustling marketplace, filled with endless opportunities and risks. Jim Baird, a wise voice in this landscape, points to a recent recalibration of risks across the board. As the Chief Investment Officer at Plante Moran Financial Advisors, Jim caters to clients who fall into what he affectionately calls the "millionaire-next-door" category. These are individuals with net worths…

In many corners of the world, women pivotally contribute to the very fabric of society; yet, structural hindrances continue to impede their full participation in the business and workforce sectors. Imagine what could be achieved if resources were equitably available to all. Unfortunately, cultural norms that restrict possibilities, legal roadblocks, and a lack of access to vital resources often encumber women, denying them the chance to flourish. This reality presents challenges not only to women…

The Economic Seesaw: Egypt's Inflation Dynamics A fascinating piece of news has recently emerged from the cradle of civilization—Egypt. The country's statistics office unveiled that February marked a significant dip in the inflation rate, which shrank to an annual 12.8%. This is notably lower compared to January's staggering 24%. Imagine this: a country that only a year ago grappled with an economic downturn is now witnessing a lighter inflationary burden. Some may ask, "What sparked this turnaround?" To fully…

Not long ago, Russia stood as a formidable powerhouse in the global arms market. However, recent developments have turned the tide. As the conflict in Ukraine intensifies, the demand for Russian weapons has sharply declined. But why? Historically, Russia's arms were sought after by many nations, with a reputation for reliability and strength. Yet, as international tensions flared and political alliances shifted, these exports are now dwindling. The question is, how did such a giant industry face collapse so…

On the vast and dynamic continent of Africa, women play an indispensable role; they form a significant portion of the population, yet often grapple with structural hurdles that dampen their ability to engage completely in the formal economic scene. But don't these barriers beg the question—just how much economic power and potential are we collectively missing out on by limiting women's full participation? As we pause today to observe International Women's Day, it's a…

Recent findings emerging from a survey spearheaded by Afrobarometer in collaboration with local partners present compelling insights into public sentiment toward the judicial system in Liberia. The data reveals a notable rise in support for the court system, especially since the establishment of the Office for War and Economic Crimes by President Joseph Boakai. This favorable shift is particularly striking when juxtaposed with sentiments recorded in 2022. What might be driving this renewed faith in the judiciary? As we…