Real GDP is projected to grow by 3.4% in 2021 after contracting by an estimated 2.1% in 2020 Africa is set to recover from its worst recession in half a century. Real GDP is projected to grow by 3.4% in 2021 after contracting by an estimated 2.1% in 2020, mainly...
Central banks in some of sub-Saharan Africa’s biggest economies may be more concerned about the impact of a potential third wave of coronavirus infections and a slow rollout of vaccines than quickening inflation, leaving borrowing costs unchanged for now. Monetary policy committees in Ghana, Nigeria, South Africa, Kenya and Angola...
Lawyer for Venezuelan diplomat, Alex Saab, at the ECOWAS court, Femi Falala, wants Cape Verde to be slapped with sanctions for refusing to obey a March 15 ruling by the court. The ECOWAS court has ruled that Alex Saab should be immediately released from detention as Cape Verde did not...
Want to achieve quick time-to-value on your digital transformation efforts while still building toward greater future capabilities? This is what you need to know.     Organisations have experienced immense disruption over the past year. Many have had to reinvent their operating models, their product or service offerings and, in some cases,...
Implementation of the African Continental Free Trade Area (AfCTA) is likely to enslave Africans to the rest of the world if the challenges associated with the program are not fixed, the think-tank group Citizen Watch has revealed. Currently, it is estimated that Ghana needs about US$5billion annually for the next...
Historically, demographics has been a slow-moving variable. But the East Asian economies – especially China, Japan, and South Korea – have flipped so fast from rapid population growth to decline that they practically have whiplash. As a planned economy, China was once obsessed with expanding its population. But, in 1957,...
The crisis has hit small and medium enterprises especially hard, causing massive job losses and other economic scars. Among these—less noticeable, but also serious—is rising market power among dominant firms as they emerge even stronger while smaller rivals fall away. We know from experience and IMF research that excessive market...
The rise of China and its continuing evolving economic and political clout in the Asia Pacific region and much of Africa is pushing the US to revamp its cold war tactics of containment as a strategy against a formidable rising geopolitical competitor – China. As a result of this, the...
Following what appears to be the decision of Cape Verde to defy the ruling a of the ECOWAS court concerning the detention of Venezuelan diplomat and businessman Alex Saab, his lawyers have written to officials in Cape Verde urging them to immediately enforce the court's ruling. Femi Falana and Dr....
Just a day after the ECOWAS court ruled that Venezuela's Alex Saab be freed in Cape Verde, and all processes towards his extradition to the US to be stopped, the Supreme Court of Justice in Cape Verde has also ruled that the businessman and diplomat be extradited. " confirms the...