The World Bank’s recent report on Sub-Saharan Africa underscores the region’s persistent political and social unrest. This hurts economic growth, says the report. Yet, Angola gets positive attention. The World Bank expects its economy to grow 1.3% in 2023. In contrast, the IMF predicts only 0.9% growth for Angola. Moreover, the report worries about stagnating […]
Related Posts
Opposition member killed in Zimbabwe on way to rally: Rising tensions ahead of Aug. 23 elections
A member of Zimbabwe’s opposition party, Coalition of Citizens for Change (CCC), was killed today while on his way to a rally in Harare. The attack was reportedly carried out by alleged thugs of the ruling party, ZANU-PF, who assaulted and stoned members peacefully attending an electoral event. The victim, identified as Tinashe Chitsunge, was […]
Saudi Fund Joins Brazil to double food production area
Salic, a Saudi Arabian fund, is in discussions with Brazil’s Ministry of Agriculture to renew 40 million hectares of pasture. This move could double Brazil’s food production area, with no deforestation. Japan, South Korea, and the UAE are also in talks. However, Saudi Arabia is likely to invest the most via Brazil’s national bank. These […]
Brazil’s IBOVESPA Shows Resilience Amidst Global Market Shifts
In Wednesday’s trading session, Brazil’s IBOVESPA index stood out by recording gains, contrasting with the downward trend of American indices. The Brazilian stock market benchmark rose by 0.55% to 128,096.86 points, according to preliminary data. Against the backdrop of the Federal Reserve’s decision, U.S. interest rates remained steady at 5.25–5.50%, meeting market expectations. The market’s […]