Reforms
South Africa's unemployment crisis demands urgent reforms
South Africa's unemployment has tripled since 1994, reaching 12.6 million people, according to a new report from the Centre for Development and Enterprise. The report outlines four key priorities to address the crisis, emphasizing the need for growth and labour-intensive reforms. Without bold action, the country risks deepening social marginalisation.
Advisors to Katherina Reiche demand deregulation and higher retirement age
An advisory council to Economy Minister Katherina Reiche warns of a structural crisis in Germany and urges fundamental reforms. Without changes, deindustrialization and loss of competitiveness loom. The economists propose deregulation and raising the retirement age.
Private sector leads Egypt's investment growth by 73%, says finance minister
Private sector investments in Egypt grew by 73% during the last fiscal year, Egyptian Finance Minister Ahmed Kouchouk said, adding that the private sector is now leading investment in the country. Speaking at a virtual meeting with investors, Kouchouk noted the Egyptian economy's growth rate reached 4.4%, exceeding expectations due to strong performance in manufacturing, tourism, and information technology sectors.
Milei meets 20 governors to advance reforms
President Javier Milei met with 20 governors at Casa Rosada on Thursday to discuss the 2026 Budget and labor, tax, and penal reforms. The meeting, deemed positive by the government, aims to build consensus for the new Congress. Four Peronist governors were excluded from the summit.
World Bank supports Ethiopia's development agenda with aid
Ethiopia's Finance Minister Ahmed Shide announced significant technical and financial support from the World Bank during meetings in Washington DC. This aid aims to strengthen the country's economy and create job opportunities. The bank is backing various reform projects.