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Economy
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Reducing Poverty and Inequality in Africa
Economy
Economy
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Economy
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Uganda has unveiled a new project to empower 600 women groups nationwide through green enterprises such as renewable energy, agro-processing, and waste management. Backed by international partners, the initiative will provide training, funding, and market access to help women-led businesses grow sustainably. Leaders say the project is not only about empowering women but also driving inclusive economic growth and environmental protection.
Kenyan consumers are facing rising sugar prices as deliveries from local millers decline due to poor harvests and supply chain challenges. Retailers and manufacturers are already feeling the pinch, and prices are expected to climb further in the coming weeks. Government and industry stakeholders are under pressure to stabilize the market and ensure steady sugar availability.
The South African rand held steady as traders awaited key inflation data and the central bank’s interest rate decision next week, both expected to shape market sentiment. A weaker U.S. dollar and rising jobless claims added global context to the rand’s cautious performance.
The Casablanca Stock Exchange kicked off the week on a positive note, with the main index, MASI, rising by 1.56% to reach 18,745.31 points.
President William Ruto has joined economic empowerment initiatives, hosting thousands of Nairobi residents at State House to provide items like motorbikes, sewing machines, and water tanks to help them start businesses. He defended the programmes, dismissing critics who called them short-term solutions. Ruto also praised the success of the Hustler Fund, which has helped many improve their lives, and urged youth to enroll in the Social Health Authority (SHA) programme for healthcare.
South Africa has launched a nationwide dialogue to confront its deepening social and political challenges, following the ANC’s loss of majority in the 2024 election. While hailed as inclusive, the initiative faces criticism over its high cost and doubts about its impact.
