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Washington

Washington is the capital city of the United States of America, located on the north bank of the Potomac River in the District of Columbia. The city has a population of about 700 000 within its boundaries, with the wider metropolitan area home to more than six-million people. Washington serves as the seat of the US federal government, housing the White House, Congress, the Supreme Court and the headquarters of numerous federal agencies and departments. The city is also home to major international financial institutions, including the World Bank and the International Monetary Fund (IMF), which play significant roles in global development finance and economic policy. Washington's economy is dominated by government activities, professional services, education and international organisations, with limited manufacturing or heavy industry. The city is a major centre for policy-making, diplomacy and international relations, hosting embassies and missions from nearly every country. Washington was established as the US capital in 1790 and formally founded in 1791, named after George Washington, the first US president. Its status as a global political and financial hub makes it a frequent dateline in coverage of international economic policy, multilateral lending and diplomatic developments affecting African and other emerging markets.

Washington Updates


UCT-led study reveals clues to the origin of the world’s largest diamonds
UCT-led study reveals clues to the origin of the world’s largest diamonds
5th May 2026 By: Sabrina Jardim

The conditions under which the world's rarest and most valuable gem-quality diamonds – referred to as Cullinan-like, large, inclusion-poor, pure, irregular and resorbed (CLIPPIR) – form have... 


Image of Kettle-River Curlew project
Kettle River–Curlew (Curlew) project, US – update
1st May 2026 By: Sheila Barradas

Early works have been completed. 


Image of pumped storage scheme
Goldendale Energy Storage project, US
24th April 2026 By: Sheila Barradas

Copenhagen Infrastructure Partners plans to build a closed-loop pumped-storage hydropower project, in Washington, with two reservoirs linked to an underground powerhouse and transmission system. 


Cambria Gold Mines announces expansion of claim package at US deposit
Cambria Gold Mines announces expansion of claim package at US deposit
23rd April 2026 By: Sabrina Jardim

TSX-V-listed Cambria Gold Mines has completed the additional claim staking at the Mt Margaret copper/gold porphyry deposit near Randle, Washington, in the US. The new staking consists of about 7... 


Reserve Bank Governor Lesetja Kganyago
Kganyago says war inflation risks are playing out
17th April 2026 By: Bloomberg

Reserve Bank Governor Lesetja Kganyago said the Iran war’s impact on oil prices has validated wariness over inflation, without giving a clear signal on what that means for interest rates. “You are... 


Reserve Bank Governor Lesetja Kganyago
Kganyago cites Zulu War to signal preemptive inflation move
16th April 2026 By: Bloomberg

South Africa’s central bank governor referenced an 1879 battle in the Anglo-Zulu war in his views on how to tackle the coming wave on inflation from the Iran war shocks, implying a preference to... 


Roelf Meyer
Ramaphosa appoints Roelf Meyer as next ambassador to US
14th April 2026 By: Reuters

President Cyril Ramaphosa has chosen Roelf Meyer, a former chief government negotiator during talks to end white minority rule in the 1990s, to be his country's next ambassador to the United... 


IEA CEO Fatih Birol
IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controls
14th April 2026 By: Reuters

The International Monetary Fund, World Bank and International Energy Agency on Monday urged countries to avoid hoarding energy supplies and imposing export controls that could worsen what they... 


World Bank President Ajay Banga
World Bank chief sounds alarm about looming jobs crisis even after war ends
13th April 2026 By: Reuters

The Middle East war will dominate global finance officials' talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm about a bigger, looming crisis: a huge gap in... 


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