Africa’s share of global trade was 2.7% in 2019, below the 4% figure of the 1970s
Global trade expected to contract by 9.2% this year, having fallen by 2.9% in 2019; Africa’s share of global trade was 2.7% in 2019, below the 4% figure of the 1970s; informal cross-border trade...
A new report has projected Africa’s consumption of the internet to increase by over 300 percent every month, as the pandemic has forced many activities online – a development which could add about US$180 billion to the continent’s economy in the next five years.
The report dubbed ‘e-Conomy Africa 2020’...
Higher debt levels, weaker debt affordability, and low buffers pose significant challenges, given limited institutional capacity
Growth recovery will vary throughout the region
Tourism-dependent economies like Kenya, Mauritius and Tanzania will particularly see a slow recovery
Low domestic revenue mobilisation will continue to plague SSA sovereigns; particularly Nigeria, Ethiopia...
The World Bank plans to invest over US$5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti.
World Bank Group President David Malpass announced the investment at the...
— But only if it looks beyond the obvious options
For decades, many of Africa’s oil- and gas-producing states followed a predictable pattern. They treated their oil and gas primarily as raw materials that could be sold abroad for a quick profit, rather than as a means of supporting efforts...
In this Interview, Charlotte Bwana, Head of Business Development and Media Partnerships, for Audiomack Africa highlighted the company’s efforts towards developing local talents, its investment activities in Africa, as well as the company’s plans for the region.
Tell us about Audiomack and its purpose.
Audiomack is a free music streaming...
BOSTON – With US President-elect Joe Biden’s imminent inauguration and the rollout of COVID-19 vaccinations, there is growing optimism for an economic rebound in 2021. But such hopes are misplaced, and not only because the virus is likely to remain a problem for longer than people think. The real...
CAIRO – Many transport experts think that we are succeeding in decarbonizing the sector: electric vehicles are taking off, public transport use is increasing, and cities worldwide are promoting cycling. But this sense of success is illusory. Globally, transport-related greenhouse-gas (GHG) emissions are increasing faster than ever, despite technological...
Development risks remain as economic activity, incomes likely to stay low for extended period
The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. A recovery, however, will likely be subdued, unless policy makers move decisively to tame the...
The implementation of the African Continental Free Trade Area (AfCFTA) agreement starts today, January 1, 2021. This is after the agreement was postponed twice in 2020 due to the outbreak of the COVID-19 pandemic.
With its secretariat in Accra Ghana, the AfCFTA will create the largest free trade area in...
