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economy
Business / 1 week ago
These five countries are the propellers of Africa's GDP for 2025
Africa's total GDP comes from just five countries. These countries are Nigeria, South Africa, Egypt, Algeria and Ethiopia, whose combined output in 2024 is estimated at around $1.4 trillion, roughly equal to the GDP of the other 49 African countries combined. Africa's total GDP comes from just five countries. These countries are Nigeria, South Africa, Egypt, Algeria and Ethiopia, whose combined output in 2024 is estimated at around $1.4 trillion, roughly equal to the GDP of the other 49 African countries combined. According to data from the International Monetary Fund (IMF) and the World Bank, Africa’s total GDP in 2024 stands at just under $3 trillion, with these five economies accounting for close to 50% of that figure. Nigeria remains Africa’s largest economy, driven by population size, services and energy exports, while South Africa continues to dominate in financial services, manufacturing and capital markets.
Business / 6 weeks ago
Sudan tops global ranking of Islamic finance assets as industry expands across the Middle East and Africa
According to Global Finance Magazine, Sudan holds the largest volume of assets in Islamic banks worldwide, an estimated $484 billion, placing it ahead of Saudi Arabia, the UAE, Qatar and Kuwait. Islamic finance is growing faster than ever, and new figures show a surprising leader at the top. According to Global Finance Magazine, Sudan holds the largest volume of assets in Islamic banks worldwide, an estimated $484 billion, placing it ahead of Saudi Arabia, the UAE, Qatar and Kuwait. The latest numbers highlight a major shift in the global financial landscape. Countries across the Middle East and Africa continue to expand Islamic banking, which follows Sharia principles such as profit-and-loss sharing and the prohibition of interest-based lending.
Business / 6 weeks ago
India’s economy now rivals whole continents: Here is how
India’s economy, which is projected at around US $4.1 trillion in 2025, is equivalent to the combined economies of a collection of its neighbouring and regional peers. India’s economy, which is projected at around US $4.1 trillion in 2025, is equivalent to the combined economies of a collection of its neighbouring and regional peers. According to the Asian Development Bank (ADB), India is expected to grow at 6.7% in the fiscal year ending March 2026, driven by robust domestic demand, rising rural incomes and a vibrant services sector.
Environment / 7 weeks ago
The silent tug-of-war between the clock and the sun in Europe
In Europe, time zones are meant to align daily life with the sun’s rhythm, but in reality, many countries run on a social clock that’s out of sync with their geographical position. A new map shows exactly how well (or badly) nations match their time zones to their natural solar time: some tick in near-perfect alignment (marked in dark green), while others live in what feels like a parallel timeline (shaded brown).
Business / 7 weeks ago
Why one tonne of cocoa can be worth more than a tonne of steel
In today’s global economy, one tonne of cocoa and one tonne of steel capture two very different kinds of value. The price of a tonne of cocoa is shown at around US$6,100, whereas a tonne of steel is marked at US$432.96. Cocoa, the raw ingredient behind chocolate, carries a premium because of its narrow supply base and sensitive growing conditions. Recent data from International Cocoa Organization (ICCO) show cocoa beans trading at roughly US$5,900 per tonne.
Politics / 9 weeks ago
Javier Milei’s party leads Argentina’s 2025 elections with 40% vote
Argentina’s mid-term legislative elections on Sunday, October 26, 2025, reshaped the country’s political terrain. According to provisional results, President Javier Milei’s libertarian coalition, La Libertad Avanza (LLA), secured approximately 40.7% of the national vote, while the opposition Peronist-aligned Fuerza Patria pulled in around 31.7%.
Business / 9 weeks ago
The future of the global economy: How emerging nations are working to redefine power by 2075
By 2075, the global balance of economic power could look entirely different, with emerging nations from Asia, Africa, and Latin America taking centre stage. According to Goldman Sachs’ long-term projections, the world’s largest economies will no longer be dominated by Western powers. Instead, countries like China, India, Indonesia, and Nigeria are expected to lead a multipolar global order defined by demographic strength, industrial expansion, and technological adoption.
Business / 10 weeks ago
Gold reaches new highs as investors seek safety
Gold has taken centre stage in 2025, with prices climbing by nearly 60 % so far this year to trade around US $4,250 per ounce, according to Trading Economics data. The rally reflects a growing appetite among investors for safety amid global economic uncertainty and geopolitical pressure.
