BOURITA at closing of Libyan dialogie

South Africa’s unemployment rate surges to 33.5% in H1 2024

South Africa’s official unemployment rate rose to 33.5% in the first half this year as the economic outlook worsens. The country, once Africa’s largest economy, has failed to curb inequalities amid widespread criminality and infrastructure bottlenecks. Unemployment in South Africa is now one of the highest globally and has exceeded Covid-19 levels, when a lockdown […]

Global energy investment to hit $3.3trn in 2025; Africa still left behind

Global spending on energy is expected to reach $3.3 trillion in 2025, marking an all-time high, according to the World Energy Investment 2025 report released earlier this week by the International Energy Agency (IEA). This figure represents a 10% rise compared to 2024. Out of this total, around $2.2 trillion, or 67%, will go toward […]

Civil unrest in Africa hits 6-year high, driven by political tensions, food insecurity — report

Businesses operating in Africa “are grappling with an unprecedented rise in disruption, linked to protests, demonstrations and rioting,” according to a latest research by risk intelligence firm Verisk Maplecroft, which also suggests that the situation will deteriorate over the course of 2023. The surge in civil unrest in Africa, driven by political tensions, food insecurity, […]