Economy

In the wake of Ebrahim Rasool's recent expulsion, President Cyril Ramaphosa finds himself at a pivotal crossroads, contemplating the appointment of South Africa's next ambassador to the United States. This decision carries significant weight in a time when diplomatic relations between the two nations remain fraught. President Ramaphosa is not rushing this choice. The stakes are high, and his deliberations reflect a profound understanding of the intricate dynamics at play. As Vincent Magwenya, spokesperson for the…

China's Economy: Navigating Through Uncertainty with Sparks of Optimism In the labyrinth of global economics, China stands as a formidable giant, its pulse felt across continents. Yet, it wasn't long ago, in the chill of January, when whispers filled the air about China's economic softening. Fast forward a few weeks, and Goldman Sachs delivers a surprise in its latest note, painting a brighter canvas than expected. The firm revealed China's real GDP growth is slightly overshadowing the 5% mark, unexpectedly…

Embracing Growth: FCMB's New Chapter in Ogbomoso It was a moment of anticipation and hope on the sunny morning of the inauguration of First City Monument Bank’s (FCMB) latest branch in Ogbomoso. The presence of FCMB, a beacon of financial innovation, promises to shape new economic narratives and invigorate local businesses. The air was filled with excitement as Oba Ghandi Olaoye, the revered Soun of Ogbomoso, ceremonially opened the doors to this new opportunity. "First City Monument…

The stakes have never been higher as African teams converge in a heated contest for one of the nine coveted spots at the 2026 FIFA World Cup, an expansion from the previous five. This monumental tournament, set to unfold across the landscapes of the United States, Mexico, and Canada, has ignited a passionate fervor among nations eager to showcase their talent on the global stage. As anticipation mounts, the latest results from Matchday 5 have painted a vivid picture of the current standings. It’s a thrilling time for…

In recent events, the expulsion of Ambassador Ebrahim Rasool from the United States has ignited a robust response among South African analysts and politicians. Rasool’s remarks, highlighting what he perceives as Donald Trump’s alignment with a white supremacist agenda both domestically and internationally, have not only broadened the diplomatic discourse but also revealed deep fissures in international relations. This incident raises crucial questions: Are the well-established diplomatic protocols universally applicable, or…

In recent developments, the military governments of Niger, Mali, and Burkina Faso have made significant announcements regarding their international affiliations. Each country has formally declared its withdrawal from the International Organisation of Francophonie (OIF), following their earlier exits from the Economic Community of West African States (ECOWAS), a transition that took place in January of this year. Such strategic moves raise questions about the broader implications for regional stability and international…

In a notable legal confrontation that straddles the ocean, renowned investigative journalist Anas Aremeyaw Anas has launched a lawsuit against former Ghanaian parliamentarian Kennedy Ohene Agyapong. This conflict flared up in the lively state of New Jersey, ignited by Agyapong's alarming accusations that Anas was involved in the murder of a fellow journalist. The allegations surfaced following the release of a striking documentary that delves into the murky depths of corruption within Ghana, a film that surely stirred…

In a significant pivot, Dangote Refinery has announced a temporary halt to the sale of petroleum products in Naira. This decision appears to be a strategic move to sidestep the complexities arising from a disparity between revenues generated in Naira and the obligations tied to dollar-denominated purchases of crude oil, as reported by Premium Times. Without a doubt, this shift means that oil marketers will now be compelled to transact in dollars for crucial commodities, such as petrol and diesel. The implications are…

“To step into the role of president necessitates a gravitas not to be taken lightly; the aspirations of every Namibian rest upon my shoulders,” remarked Namibia's President-Elect, Netumbo Nandi-Ndaitwah, in a candid statement prior to her inauguration on March 21. Her words resonate like a clarion call, suggesting both the weight of responsibility and the promise of transformative leadership. Nandi-Ndaitwah recently addressed her staff at State House during a poignant farewell to outgoing president Nangolo Mbumba, and her…

During a recent Stanbic Economic Series webinar, cloaked under the theme of "The Economy under a New Era", Mr. Qureishi unfolded a tapestry of insightful analysis and bold predictions about Ghana’s economic landscape. The discussion was a captivating dive into key growth drivers and structural risks that hover like spectres over the country's economic future. One might wonder, amidst global uncertainties, what fuels this optimism? Strong Recovery in 2024 Sets Stage for 2025 Ghana's…