Natural disasters cause $131bn damage in first half of 2025
Natural disasters such as wildfires, storms, and earthquakes had caused 131 billion dollars of damage worldwide in the first half...
World Economy
Energy access improving, international financial support still needed to boost progress, address disparities
New report urges scaled-up tailored financial support for decentralised renewable energy to reach 666 million people in rural and vulnerable...
Africa: FDIs hit record $97bn in 2024
Orisemeke Benjamin The latest World Investment Report from UN Trade and Development (UNCTAD) says foreign direct investment (FDI) inflows to Africa...
Public debt in developing countries rising rapidly – UNCTAD
Orisemeke Benjamin The UN Development and Trade (UNCTAD) has said that public debt in developing countries has grown twice as...
OPEC calls for investments in energy infrastructure to meet global demand
Omeiza Bilal The Organization of Petroleum Exporting Countries (OPEC) has said that investment levels in all energies must increase significantly...
Job creation essential for Africa’s growth, development – Dangote
Aliko Dangote, Founder and President/Chief Executive of Dangote Group, says that job creation is essential for making Africa great again.Dangote...
Extreme poverty rising fast in economies hit by conflict, instability – W/Bank
…Conflicts’ frequency surges to 25-year high Orisemeke Benjamin Conflict and instability are taking a devastating toll on the 39 economies...
Poorest countries and fragile states are increasingly falling behind
By Guilaume Chabert, Robert Powell The significant shocks that have buffeted the global economy over the past five years have...
W/Bank Group, IAEA formalize partnership to collaborate on nuclear energy for devt
The World Bank Group and the International Atomic Energy Agency (IAEA) sealed an agreement today to work together to support...
Israel-Iran ceasefire: Relief as oil prices crash, activities resume in global energy industry
Agency Report The entire world has expressed relief following Trump’s surprise announcement of a ceasefire between Israel and Iran. Although...
