economy

In July 2025, Angola was rocked by deadly unrest after the government raised diesel prices by roughly 33 percent—part of a broader plan to eliminate costly fuel subsidies and stabilize public finances. What began as protests in the capital, Luanda, over skyrocketing transport fares quickly spiraled into violence affecting multiple provinces and claiming at least 22 lives. 🔥 Fuel…

As G20 president, South Africa is leveraging its leadership to spotlight Africa’s escalating debt emergency. At the G20 Finance Ministers’ meeting in Cape Town and in subsequent forums, like the International Financial Architecture Working Group, both President Cyril Ramaphosa and Deputy Finance Minister David Masondo underscored the continent’s dire fiscal situation, urging immediate…

On July 7, 2025, the U.S. notified 14 countries—including South Africa—of planned 30% “reciprocal” tariffs on a wide range of imports, set to take effect August 1, unless bilateral deals are reached. President Cyril Ramaphosa slammed the move, calling it based on a “contested interpretation” of trade data, noting that 77% of U.S. goods enter South Africa duty-free and the average…

Africa stands at the crossroads of transformative growth, innovation, and investment. With its dynamic economies, rich natural resources, and youthful population, the continent offers unparalleled potential for sustainable development. Recognizing the critical role of accurate financial assessment and transparency in driving this momentum, we are proud to announce the launch of a new credit rating…