Navigating High Growth, Informal Work, and the Race for Quality Jobs in 2026 Africa faces a profound employment challenge as its population continues to expand rapidly, with young people forming a significant portion of the continent's demographic profile. Sub-Saharan Africa in particular grapples with high levels of informal work, persistent poverty among workers, and limited creation of decent jobs that match the pace of labour force growth. Recent data from international organisations indicate that while economic growth shows resilience, job opportunities remain insufficient to absorb new entrants, particularly youth, leading to elevated unemployment and underemployment across many countries. This situation underscores the urgency for policies that promote productive employment and inclusive development. The continent's labour market dynamics reflect a mix of structural strengths and deep-seated vulnerabilities. Economic expansion has continued, yet the quality and qu...

The US Federal Reserve holds its benchmark interest rate steady at 3.5 percent to 3.75 percent in January 2026. This decision comes after three consecutive cuts in late 2025. Global investors now face higher borrowing costs for longer while bond yields adjust and stock markets show mixed reactions. The pause signals caution amid solid economic growth and somewhat elevated inflation. The Federal Reserve sets the federal funds rate as its main tool to manage economic activity. This rate influences how much banks charge each other for overnight loans. It affects borrowing costs worldwide through capital flows and currency values. In January 2026 the Federal Open Market Committee voted to keep the target range unchanged. This halted the easing cycle that began in September 2025 with three 25 basis point reductions. The move aligns with market expectations. Two committee members dissented and preferred a quarter point cut. Chair Jerome Powell stated the economy surprises ...