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Category: Economy

Kenya and China Strengthen Partnership with 20 New Trade Agreements 1 International Economy Partnership 

Kenya and China Strengthen Partnership with 20 New Trade Agreements

Constance
Kenya and China have made significant strides in their longstanding partnership by signing 20 new trade agreements and cooperation deals aimed at advancing development across key sectors of Kenya’s economy. The agreements were finalized at the Great Hall of the People in Beijing during a high-level meeting between President William Samoei Ruto of Kenya and President Xi Jinping of China. President Ruto described the Kenya-China partnership as strong, people-centered, and results-oriented. “Our Chinese partners have committed substantial investments in Kenya’s roads, schools, hospitals, agriculture, energy, ICT, and more. These projects… Read More Here
IMF Warns DRC’s Investment Growth May Fall Short Without Structural Reforms 2 Mining in DRC Economy 

IMF Warns DRC’s Investment Growth May Fall Short Without Structural Reforms

Constance
The International Monetary Fund (IMF), in its latest report released during the IMF and World Bank Spring Meetings, projects that investment in the Democratic Republic of Congo (DRC) will peak at 16.5% of GDP by 2029. The forecast anticipates a gradual rise in investment levels between 2025 (14.9%) and 2029. However, a slight decline to 16.2% projected for 2030 signals a potential slowdown or lack of continuity in major projects. Despite the upward trend, the DRC’s investment rate remains below the benchmarks seen in fast-growing emerging economies. Experts note that… Read More Here
IMF Cuts Growth Outlook for Emerging Markets Amid Global Trade Pressures 3 International Economy 

IMF Cuts Growth Outlook for Emerging Markets Amid Global Trade Pressures

Constance
The International Monetary Fund (IMF) has downgraded its growth forecasts for emerging and developing economies, projecting expansion of 3.7% in 2025 and 3.9% in 2026, according to the latest World Economic Outlook (WEO) released during the IMF and World Bank Spring Meetings. The revised forecast reflects a 0.2 percentage point drop from the January 2025 estimates, largely attributed to the impact of restrictive trade measures, particularly in China, which has been significantly affected. Growth expectations for advanced economies have also been lowered, but the most notable adjustments concern inflation. Global… Read More Here
U.S. Reaffirms Support for Lobito Corridor to Boost DRC and Regional Economies 4 Mining in DRC Angola Economy Mining in Zambia Transport and Logistics 

U.S. Reaffirms Support for Lobito Corridor to Boost DRC and Regional Economies

Constance
On April 17, 2025, U.S. Senior Advisor Massad Boulos announced that Washington would continue supporting the Lobito Corridor, a major rail and road project connecting the Democratic Republic of Congo’s (DRC) mineral-rich regions to Angola’s Atlantic port. The statement followed his visit to the DRC, Rwanda, Uganda, and Kenya. “We fully support the Lobito Corridor, a huge project vital not only for the economies of Congo, Zambia, and Angola but for the entire region,” Boulos said during a press briefing. He noted that the U.S. Development Finance Corporation is a… Read More Here
Gold Prices Set to Surge Beyond $4,000 as DRC Output Slumps 5 Mining in DRC Economy Gold 

Gold Prices Set to Surge Beyond $4,000 as DRC Output Slumps

Constance
Gold prices could soar past $4,000 per ounce in 2026, according to a JP Morgan note published on April 22, 2025. The American bank attributed its bullish forecast to growing recession risks in the U.S. and ongoing trade tensions between Washington and Beijing. JP Morgan projected that gold would average $3,675 per ounce by the fourth quarter of 2025 and surpass $4,000 in the second quarter of 2026. The bank also warned that prices could break these thresholds even earlier if demand exceeds expectations. While global prices were set to… Read More Here
Vedanta Explores U.S. Listing for KCM to Raise $1 Billion 6 Mining in Zambia Copper Corporate News Economy 

Vedanta Explores U.S. Listing for KCM to Raise $1 Billion

Constance
Vedanta Resources is exploring a potential U.S. public listing for its Zambian subsidiary, Konkola Copper Mines (KCM), as part of efforts to raise approximately $1 billion to fund mine development. The company has appointed Barclays and Citigroup to advise on a potential initial public offering (IPO), which is still in the early stages. New York is being considered as one of the possible listing locations. While no timeline has been confirmed, the listing is seen as one of the most viable options after previous attempts to secure private investment did… Read More Here
Zimbabwe’s ZiG Faces Slow Demise Amid Public Distrust and Policy Missteps 7 International Economy 

Zimbabwe’s ZiG Faces Slow Demise Amid Public Distrust and Policy Missteps

Constance
Zimbabwe’s latest currency, the ZiG, is heading toward failure—not through rapid devaluation, but through increasing irrelevance, according to Imara Asset Management, the country’s oldest independent brokerage. Unlike previous currency collapses driven by hyperinflation, the ZiG’s struggle stems from policy missteps and a severe liquidity crunch now entering its sixth month, Bloomberg reports. Introduced in 2024 as Zimbabwe’s sixth attempt in 15 years to stabilize its currency, the ZiG is backed by 2.5 tons of gold and $100 million in foreign currency reserves held by the central bank. Despite these efforts,… Read More Here
Zambia Eyes Inflation Target for First Time Since 2019 Amid Economic Recovery 8 Mining in Zambia Economy 

Zambia Eyes Inflation Target for First Time Since 2019 Amid Economic Recovery

Constance
For the first time in six years, Zambia is on track to bring its inflation rate within the central bank’s target range—a key milestone in the country’s economic recovery. Secretary to the Treasury, Felix Nkulukusa, announced on Thursday that annual consumer price inflation is projected to fall below 8% by the end of 2025, aligning with the Bank of Zambia’s target range of 6% to 8%. “We expect inflation to continue to decline,” Nkulukusa said during a speech in Lusaka. “We are confident that we can probably reach the 6–8%… Read More Here
Zambia Urges European Investment in Mining and Energy Sectors 9 Mining in Zambia Economy Energy 

Zambia Urges European Investment in Mining and Energy Sectors

Constance
Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, has called on European nations to invest in Zambia’s mining and energy sectors, emphasizing the country’s growing openness to new international partnerships. His remarks followed his participation in the 10th Annual Delphi Economic Forum held in Greece. Speaking from Addis Ababa, Dr. Musokotwane highlighted Greece as an untapped partner in Zambia’s development agenda. “The Delphi Forum offered a strategic platform to promote investment and strengthen partnerships,” he said. “We are focused on attracting investments that create jobs, generate wealth, and… Read More Here
IMF Warns U.S. Tariffs Could Deepen Global Economic Strain 10 International Economy 

IMF Warns U.S. Tariffs Could Deepen Global Economic Strain

Constance
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned that newly announced U.S. tariffs pose a “significant risk” to the global economy, particularly at a time of slow and fragile growth. In a statement released today, Georgieva stressed the need for constructive dialogue between the U.S. and its trading partners to avoid further economic disruption. “We are still assessing the macroeconomic implications of the announced tariff measures, but they clearly represent a significant risk to the global outlook at a time of sluggish growth,” she said. “It is important… Read More Here

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