Sudan Conflict Devastates Markets, Infrastructure, and Key Export Sectors
Between April 2023 and November 2024, Sudan’s conflict severely disrupted daily life and economic activity, with at least 236 market-related incidents, including 64 aerial or drone attacks—mostly attributed to the Sudan Armed Forces (SAF) in Khartoum. Artillery and shelling further damaged markets, with blame shared between SAF and the Rapid Support Forces (RSF). Livestock was […]
South Africa Launches Renewable Energy Masterplan Amid Grid Challenges
South Africa’s cabinet has approved its first Renewable Energy Masterplan, aiming to build local manufacturing industries for solar panels, wind turbines, and batteries. The strategy supports adding 3–5 gigawatts of renewable energy annually through 2030, attracting $784 million in investment and creating 25,000 jobs. It emphasizes inclusive growth, supporting Black-owned businesses and transitioning coal-dependent communities. […]
Zimbabwe’s Gold-Backed Currency ZiG Faces Public Skepticism, Market Challenges
Zimbabwe’s new gold-backed currency, ZiG, introduced in April 2024, has struggled to gain public confidence amid economic uncertainty. A survey revealed 62% of Zimbabweans lack trust in its ability to resolve economic issues. The currency’s value has sharply fallen, with the official rate devalued by 44% in November 2024. Retailers warn of potential store closures […]
