The COVID-19 pandemic is a blow to an already fragile global economic outlook. The health crisis, sharp downturn in activity, and turmoil in global financial markets caught emerging market and developing economies at a bad moment. The past decade has seen the largest, fastest, and most broad-based increase in...
Recently a Nigerian friend who lives in the country that is also Africa’s biggest economy, after eating the popular Ghanaian snack “nkatie burgher”, posted on facebook, “How many countries can successfully export air to other countries?”
This did not come as a shock as I know that Africans have a...
The killing of an unarmed African-American by a Minneapolis police officer and resulting civil upheaval have set back U.S. efforts to strengthen its tenuous relationship with Africa and counter China’s growing influence.
Moussa Faki Mahamat, the chairman of the African Union Commission, joined senior officials from Nigeria, South Africa and...
The President of the Federal Republic of Nigeria, Muhammadu Buhari, has registered his support for head of the African Development Bank (AfDB) Dr. Akinwumi Adesina for his re-election, despite a US call for him to face a fresh ethics probe.
Dr. Akinwumi Adesina, a former Nigerian minister for Agriculture, is...
Afreximbank is teaming up with International Trade Centre, ITC, to train small-business owners and young entrepreneurs in Africa to trade with other African countries as part of the new African Continental Free Trade Area (AfCFTA).
The training programme - How to Export within the AfCFTA - is being launched as the...
The post-pandemic world economy seems likely to be a far less globalized economy, with political leaders and publics rejecting openness in a manner unlike anything seen since the tariff wars and competitive devaluations of the 1930s. And the byproduct will be not just slower growth, but a significant fall...
Since the COVID-19 outbreak was first reported in Wuhan, China, in late December 2019, the disease has spread to more than 200 countries and territories. In the absence of a vaccine or effective treatment, governments worldwide have responded by implementing unprecedented containment and mitigation measures—the Great Lockdown. This in...
Africa is a key territory on the global map. Rich in oil and natural resources, the continent holds a strategic position. Rich in oil and natural resources, Africa is the world’s fastest-growing region for foreign direct investment. It has approximately 30 percent of the earth’s remaining mineral resources.
It is...
Ivory Coast said last week it would refuse to validate a U.S.-sponsored report due to be published this month about child labour in its cocoa sector unless the researchers and U.S. government accept changes to the methodology.
The report, which is funded by the U.S. Labor Department and scheduled to...
South Africa will allow most economic sectors including mining and manufacturing to fully resume operations from today as the country further eases coronavirus lockdown regulations, the government said last week Thursday.
Africa’s most industrialized economy has been largely shut since a nationwide lockdown began in late March. South Africa has...