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State power utility Eskom has concluded a three-year wage agreement with two major unions, offering 7 percent annual salary increases for bargaining-unit employees effective from July 2026. Solidarity and the National Union of Mineworkers accepted the deal. The National Union of Metalworkers of South Africa rejected it and declared a deadlock, demanding a higher raise. […]
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Angola is negotiating a $165 million budget support loan with the African Development Bank as part of a broader push to secure roughly $1 billion in external financing this year, Finance Minister Vera Daves de Sousa said Friday. Despite the global fallout from the Iran war, Angola’s oil sector continues to provide a crucial buffer. […]
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Kenya has formally requested rapid emergency financial support from the World Bank to shield its economy from the severe fallout of the ongoing war in Iran, Central Bank Governor Kamau Thugge confirmed Thursday. The request, described by Thugge as “significant” in amount though no exact figure was disclosed, would tap the World Bank’s Rapid Response […]
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In a quiet corner of an office in Abuja, a printer hums, spitting out sheets of paper covered in dense columns of figures. These are the ledgers of a nation’s obligations. There is no drama in the ink, no sound of a ticking clock, yet these numbers dictate the quality of schools in Kano and […]
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A cargo ship sits low in the water at a harbor in Dar es Salaam, its massive steel hull groaning against the dock. On the manifest are the essentials of modern life: fuel, fertilizers, and grain. But the paperwork required to move these goods has become a labyrinth of risk. In a boardroom in Washington, […]
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The morning market in a typical regional hub is no longer the symphony of commerce it once was. A vendor sifts through a bag of grain, her brow furrowed at the price scribbled on a weathered piece of cardboard. The cost of basic staples has climbed with a stubborn persistence, fueled by events happening thousands […]
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At 2:34 in the afternoon on Tuesday, April 14, 2026, a number appeared on the trading screens of the Nigerian Exchange Limited that had never appeared before. Seplat Energy Plc — a dual-listed oil and gas company that had once been a modest mid-cap player in Nigeria’s upstream sector — closed at N10,450 per share. […]
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Seun stopped using the word “hustle” sometime in late 2024. The Lagos-born entrepreneur — who spent three years making the rounds in London and San Francisco, sitting across polished conference tables from investors who smiled politely and said they’d follow the space — noticed something different when the meetings resumed in 2025. The balance of […]
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The partnership marks a significant step toward embedding evidence-based peace economics into African policy dialogue ahead of a landmark 2026 seminar in Addis Ababa. In a development that carries significant implications for how Africa approaches the intersection of peace and development, the Institute for Economics & Peace (IEP) and Peace First Ethiopia have formalized a […]
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In Tanzania, compressed natural gas (CNG) is emerging as a practical solution for drivers seeking to reduce costs, shorten working hours, and navigate rising fuel prices while advancing environmental and economic benefits. This story is written and edited by Global South World Until early 2024, Zawadi Kayaula’s days followed a punishing routine. The 47-year-old spent […]
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