Nigerian President Muhammadu Buhari said last week Tuesday that West Africa’s plan to adopt a common currency was being put at risk by some countries’ attempts to progress more quickly than the agreed timetable.
Nations in the region are aiming to adopt a single currency to boost trade and economic...
For Kenyan-based safari operator Safarilink, June is the busiest time of year, as the company’s small planes ferry tourists to national parks in Kenya and Tanzania to witness the majestic annual migration of 2 million animals.
This year, the coronavirus outbreak has brought those adventures in Kenya’s Maasai Mara and...
African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report, launched Thursday, revealed.
Tax Transparency in Africa 2020 - produced by the Global Forum for Transparency and Exchange of Information...
On Nigeria’s bustling streets, stalls selling stacks of well-worn, energy-sucking refrigerators and air conditioners are known as “tokunbo”, a Yoruba word that means “from abroad”.
Millions of people flock to such markets across Africa each year to buy the imported appliances at bargain prices, particularly as their incomes rise, along...
Despite apocalyptic predictions, Africa may be better positioned than many think to weather the combined shock of the COVID-19 pandemic, collapsing commodity prices, and global economic recession, assuming its leaders act wisely. While African economies’ performance has varied, overall progress during the last two decades has made the continent...
Rwanda is renowned as a pioneer for gender equality
In 2020, it was the only African country ranked in the top 10 of the World Economic Forum’s Global Gender Gap Report.
It ranked in the top four in the Report’s political empowerment category, in recognition of the high proportion of Rwandese...
The West African regional bloc ECOWAS is backing Nigeria's candidate to head the World Trade Organization (WTO) and calls on other African countries to follow, a document showed on Monday, in a possible step towards uniting Africa behind her.
"The ECOWAS authority of heads of state and government...calls on other...
African leaders have been cautioned to be circumspect with debt forgiveness calls, as they have a great tendency to not only disturb the bond market but also make it difficult for a successful future bond issuance by African countries.
Calls are rife that with the havoc caused to African countries...
Across sub-Saharan Africa, digital technologies are driving change—from kids learning to code outside Niger’s capital, to drones delivering medicines to remote communities in Sierra Leone. This is all helping to build resilience.
In the latest analytical chapter for the Regional Economic Outlook for sub-Saharan Africa,the IMF’s African department* examines how...