There is a need to focus on fundamentals: producing more of what Africa consumes and consuming more of what Africa produces
The COVID-19 pandemic and its health and economic impacts have forced a global rethink of the current multilateral framework and what it means for the future. For Africa, COVID-19...
The African Development Bank said on Tuesday it could consider an additional $400 million for Nigeria to support its growth and recovery efforts and was in talks with the government on how to help it reinvigorate Africa’s largest economy.
The bank had been in talks with Nigeria for around a...
The Vice President, Dr. Mahamudu Bawumia, has noted the significant gains made so far, especially in infrastructure development, resulting from the UK-Ghana Business Council (UKGBC) since its establishment in 2018.
Through the partnership, he said, several infrastructural projects have been undertaken with funding from the UK Export Financing over the...
Remittances are a vital source of income for developing countries, and news that global remittances are projected to decline sharply by about 20 percent this year because the COVID-19 induced economic crisis sends the chill.
The projected fall would be the sharpest decline in recent history largely due to a...
The use of child labour on cocoa farms in top producers Ivory Coast and Ghana has risen over the past decade despite industry promises to reduce it, according to a draft of a U.S. government-sponsored report seen by Reuters.
More than 2 million children worked in the sector last season...
Rwanda’s economic growth is expected to slow to 2% this year from 9.4% in 2019 as the COVID-19 pandemic hits tourism, transport and hospitality, the finance minister said on Thursday.
Presenting the draft budget for 2020-21 fiscal year, Uzziel Ndajigimana said growth was expected to rebound next year to 6.3%...
On 1st of April, as I was publishing my Uniconization of African Fintech piece, Mastercard was busy announcing their $100 million investment into Airtel Money (Airtel Africa’s mobile money subsidiary) to acquire a minority position - half what TPG Capital did.
Even though I had gotten wind of the transaction...
Ghanaian-born African Human Development Expert Dr. Ishmael Nii Amanor Dodoo has said that anyone who has the desire to play any leadership role in the transformation of Africa must first transform themselves.
“Growing up in Africa and working across the continent throughout my career, I have come to the conclusion...
Growth across sub-Saharan Africa remains sluggish - dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation and a sharp deceleration of investment growth, a World Bank report said on Wednesday.
In the face of dampened growth prospects and rising debt levels, African...