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At the heart of any effort to resource African agency lies the concept of dignity—both individual and collective. This was part of the discussion at the African Public Square Global Edition open debate hosted at King’s College London.  Photo: APS

Africa’s voice and power must be underpinned by dignity

For many African public intellectuals such as Steve Biko, Leopold Senghor, Kenneth Kaunda, Julius Nyerere and Kwame Nkrumah, political independence represented more than the transfer of formal authority from colonial administrations to newly sovereign states

Malawi president Peter Mutharika

Malawi’s new government drops corruption cases against senior officials

The move could undermine Lilongwe’s pursuit of a new programme with the International Monetary Fund

Finance Minister Enoch Godongwana. (GCIS)

IMF expects Godongwana to maintain budget surplus target of 1.5% of GDP

The global lender said controlling the public sector wage bill would be critical and commended the government’s plans to address inefficiencies and provide incentives for early retirement

Shaky ground: What began as concern over Vice-President Jane Ansah’s costly overseas trip has evolved into
an indictment of executive incoherence and weakened accountability. Photo: Government of Malawi

Elites indulge as Malawians suffer

If the country is to move beyond crisis management, austerity must apply to all

Done deal: FNB Zambia CEO Kapumpe Chola and Stanchart Zambia CEO Sonny Zulu after signing the deal
that saw FNB acquire Stanchart WRB business. Photo: FNB Zambia

Major shift in African banking

As foreign banks retreat from the continent, local lenders are stepping up to fill the gap

Under the sanctions law, the Zimbabwe Democracy and Economic Recovery Act of 2001, the US Secretary of the Treasury votes against any new loans, credits or debt relief for the Zimbabwean government from international financial institutions. (Shuttershock)

US Republicans propose bill on removal of Zimbabwe sanctions

If the Department of State Policy Provisions Act is passed into law, the US will support Zimbabwe borrowing money from international lenders such as the World Bank

Finance minister Enoch Godongwana.(Brenton Geach/Gallo Images via Getty Images)

Budget 3.0 – Godongwana’s last shot

Now that a VAT increase has been ruled out, the finance minister must find another way to plug a R75bn gap or risk collapsing public services and investor confidence

A portrait of Stefanos Kasselakis in Syntagma Square, Athens, Greece, on June 6, 2024, during a pre-election rally of SYRIZA – Progressive Alliance, ahead of the European Elections, took place on June 9, 2024. (Photo by George Schinas/NurPhoto via Getty Images)

Lessons for the Left | The rise and fall of Syriza

The third instalment of Lessons for the Left considers what happens when a grassroots resistance movement takes on entrenched neoliberalism

Since the end of World War II, the world has witnessed numerous financial crises stemming from the unique nature of sovereign borrowing. (Getty)

Rising debt challenges divide developed and developing economies

An international framework that prevents prolonged restructuring negotiations is required

World view: German Chancellor Olaf Scholz (right) stands with Ajay Banga, President of the World Bank (left), on a balcony of the town hall before a session of the Hamburg Sustainability Conference on 7 October in Hamburg, Germany. Photo: Marcus Brandt/Getty Images

Hard truths in Hamburg hit home

Among the truths is that most of the 17 sustainable development goals adopted by UN member states are doomed to fail

Developing countries that are the most vulnerable to climate change are angry about a new text released at COP29 on Friday, which says developed countries must pay $250 billion a year until 2035 for climate action

South Africa’s G20 presidency: Frontload the climate change and ecological justice agenda

When the country takes over the presidency from Brazil in 2025, it should focus on reforming the global financial architecture

Botswana’s President Mokgweetsi Masisi looks at a large diamond discovered in Botswana at his office in Gaborone on August 22, 2024. The 2492 carat diamond was discovered in the Karowe mine in Botswana of Lucara Diamond Company.  (Photo by MONIRUL BHUIYAN/AFP via Getty Images)

The panic behind Botswana’s big, sparkly diamond show

Diamonds account for 30% of the country’s economy, but lab-grown gems mean less demand for ones dug out of the soil

Transition minerals are essential for many clean energy technologies and their associated infrastructure such as wind turbines, solar panels and electric vehicles.

Africa’s data centre market and digital transformation pathways

To realise its digital potential, Africa must focus on several practical steps like investment in renewable energy sources

Demands: Heads of state at the African Development Bank’s annual meeting, which took place in Nairobi, Kenya.

African leaders repeat calls for financing reform

Heads of state met at the African Development Bank’s gathering this week, where they mulled an overhaul of the world’s financial architecture

The El Niño-induced drought and heatwave in February and March hit crops hard in Southern Africa. (Conrad Bornman/Gallo Images)

Drought-hit Southern Africa’s growth lags

South Africa, the region’s economic powerhouse, looks to record improved, albeit tepid, growth this year and next

DUBAI, UNITED ARAB EMIRATES – DECEMBER 06: Akinwumi Adesina, President of the African Development Bank notes that domestic resources alone will not be sufficient to finance the continent’s transformation agenda.
 (Photo by Sean Gallup/Getty Images)

Reforms could unlock $169.4bn in African development financing a year

The African Development Bank’s economic outlook report notes that 20 countries were in debt distress or at high risk of debt distress, hamstringing their ability to achieve social development goals

The South African Reserve Bank is likely to hold interest rates unchanged

Disinflation uncertainty could push interest rate cuts to 2025

The US Federal Reserve’s ‘higher for longer’ stance and local election jitters have weighed on the rand, adding to price pressures This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

President Cyril Ramaphosa and DTIC minister Ebrahim Patel on a guided tour of the exhibition centre at the second Black Industrialists and Exporters Conference. Photo: @PresidencyZA/X

Black industrialists tripped up by market stumbling blocks

Delegates at the Black Industrialist and Exporters Conference complained of bureaucratic processes keeping them from accessing markets

Covid-19 laid bare the failures of South Africa’s efforts to industrialise, which had remained, at least in theory, a cornerstone of the country’s macroeconomic policy since its transition to democracy. Photo: Kevin Sutherland/Bloomberg/Getty Images

Austerity extinguishes industrial policy revival

South Africa risks falling behind as much of the rest of the world embraces industrialisation to grow and protect economies

Republican presidential candidate and former U.S. President Donald Trump talks to reporters at the International Brotherhood of Teamsters headquarters on January 31, 2024 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

Economy braces for Trump 2.0

The American presidential hopeful’s world policies make him a bull in a china shop