By Fidel Amakye Owusu The remarkable rise of China and other East Asian nations can, in large part, be attributed to an educated population that was...
By Fidel Amakye Owusu When the late leader of Iran decided to tour Africa in mid-2023, he chose to visit states in East and Southern Africa....
Guyana experienced robust economic growth in 2024, with GDP rising by 43.6 percent, up from 33 percent in 2023, according to Ashni Singh, Senior Minister in...
By Danilo Desiderio A recurring theme in discussions on the high cost of transport in Africa, particularly within economic literature, is the lack of infrastructure and the...
By JP Følsgaard Bak “Africa is not a place, it is an emotion,” said Kwame Nkrumah, one of Africa’s most revered leaders and the first President...
Bloomberg | Nigeria’s economy grew faster than anticipated in the third quarter, buoyed by its services and oil sectors. Gross domestic product (GDP) expanded an annual...
Bahamian Prime Minister Philip Davis highlighted that the government’s initiatives to manage debt and introduce new energy reforms have resulted in Standard & Poor’s (S&P) decision...
Reuters | The start of commercial crude oil production in Uganda is expected to propel economic growth into double digits in the next financial year, the...
Liberia’s gross domestic product (GDP) growth is expected to accelerate to 5.4 percent in 2024, up from an estimated 3.7 percent in 2023. According to data...
Reuters | Nigeria’s economy grew 3.19 percent year on year in the second quarter of 2024, statistics agency data showed on Monday. The growth rate was...
By Martin Camara South Africa, Egypt, Morocco, and Nigeria boast large-scale manufacturing bases, including efficient automotive industries. Along with Algeria, these countries form a powerful economic...
By Mary Alorh Earlier this year, we Ghanaians were informed of the ‘good news’ that the IMF had released the second tranche of US$600 million as...
Nigeria, often referred to as the “Giant of Africa,” is rapidly emerging as a significant economic power on the global stage. With a burgeoning population, abundant...
The Exchange | Financial markets play a vital role in enhancing the smooth operation of economies by allocating resources and creating liquidity for businesses and entrepreneurs....
Kenyan Wall Street | Kenya’s economy is expected to remain resilient in 2024 after a 5.6 percent expansion last year from a revised growth of 4.9...
Addis Standard | Ethiopia’s economy is on track for robust 7.9% growth in the current fiscal year, according to Minister of Planning and Development Fitsum Assefa....
By Jevans Nyabiage SCMP | China’s total trade with Africa grew a modest 1.5 percent in 2023 from 2022 to US$282.1 billion, but Africa’s trade deficit...
By Ryan Elcock The Caribbean region has long been known for its stunning beaches, vibrant culture, and warm hospitality. With its rich history and natural beauty,...
By Fidel Amakye Owusu Days ago, I wrote that West Asian states in the Gulf could gain a strategic advantage in the current great power struggle...
By Gregory Simpkins I recently came across an intriguing headline in the New York Times: “The World Is Becoming More African.” The point being made is...
Bloomberg | There is no place like home for African governments shut out of global debt markets by crises that have made foreign borrowing too expensive....
By Paul Frimpong Over the last decades, China has been at the forefront of championing multiple global initiatives, including the Global Development Initiative (GDI), the Global...
Bloomberg | For all of COVID-19’s disruptions, one trend during the global pandemic presses on unabated. And that would be 5 of the world’s 10 fastest-growing...
Barbados’ economy expanded by 4.4 percent in the first 9 months of this year, the largest nine month expansion since 2006, excluding the pandemic recovery period,...
By Sameem Gaffar In today’s world, the rapid growth of urban populations is putting immense strain on cities and their infrastructure. As more people flock to...
By Dimitri Zabelin In the coming decades, Africa will become a pivotal player in international affairs. A confluence of the continent’s abundance of strategic resources, favorable...
By Anisa Muridi Africa is now projected to become the fastest-growing region globally, outpacing Asia, according to a new report by Mo Ibrahim Foundation. It is...
Barbados Central Bank Governor, Kevin Greenidge, says the country’s economy has recovered following the slump caused by the COVID-19 pandemic. Greenidge told members of the media,...
African Business| Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, is on currency markets. There are...
By Niamh Gaynor Economists have urged African countries to shift to low-cost manufacturing – the path that led countries such as Hong Kong, Singapore, South Korea,...
By Gregory Simpkins Two decades ago, The Economist magazine labeled Africa as hopeless. “At the start of the 19th century, Freetown (Sierra Leone) was remote and...
In the inaugural release of a report dubbed ‘Africa’s Macroeconomic Performance and Outlook’ released on January 19, the African Development Bank (AfDB) Group reported that “growth...
By Laurence Sithole | The Exchange Sub-Saharan Africa and its northern counterpart hold great economic promise. Africa’s investment case remains a compelling proposition. The continent is...
Brookings | The narrative around a successful African Continental Free Trade Area (AfCFTA)—its potential to increase intra-African trade by 15 to 25 percent, or $50 billion to $70 billion—is...
By Gregory Simpkins The Biden Administration has released its U.S.-Africa policy document, and it looks a lot like the previous ones issued by American Executive Branch...
African Markets | The Kenyan shilling has for the first time crossed the Sh119 mark against the dollar, triggering costly imports and higher international debt repayments ahead of Tuesday’s general...
Nigerian President Muhammadu Buhari signed into law an oil overhaul bill that has been in the works for nearly two decades, a presidential spokesman said on...
By Allan Olingo Two years ago, at a breakfast in Kenya’s capital, Nairobi, hosted by Kenya-based Equity Bank, Ethiopia’s Prime Minister Hailemariam Desalegn said his country...
Across Africa, where many nations show high economic growth rates but with little benefit to their populations, the notion of social and economic “emergence” is taking...
Africa is projected to remain one of the fastest growing regions in the world – with an annual growth of about 5 percent due mainly to...
By Jeffrey Cavanaugh Early last month Ethiopia marked a remarkable milestone in its history. Thirty years ago the country was in the grip of a deadly,...
The IMF’s latest World Economic Outlook makes sobering reading for most of the world – that the world economy may never return to the pace of...
Nigeria’s actual gross domestic product (GDP) growth rate for 2013 has been revised down to 5.49 percent, from 7.41 percent previously estimated during a rebasing exercise,...
Ghana’s capital city has the highest potential for inclusive growth in Africa, according to the 2014 MasterCard African Cities Growth Index. “For the second year, Accra...
The new governor of the Central Bank of Nigeria, Godwin Emefiele, announced his agenda for his five year tenure today. From the press conference held, it...
Several agriculture projects in Tanzania have been awarded grants worth almost 650,000 US dollars by the Agriculture Fast Track Fund (AFT). “The AFT has granted two...
Gauteng Premier, David Makhura believes that the province’s rapid urbanization needs to be understood before any issues can be dealt with. With 97 percent of its...
With over 72 million young people in the country, Nigerian banks are now more than ever encouraging youth banking. The country’s youth account for over 43...
The Public Investment Corporation (PIC) has indicated that it will be prioritiszing investments in West Africa going forward. PIC CEO, Elias Masilela stated, “We have broken...
The United States has committed itself to attracting investment and aiding several African countries in reducing their electricity deficit. “Power Africa is designed to catalyze new...
Nigeria could attain investment-grade status if it undertakes reforms to its power and oil sectors that would help boost economic growth and per capita income, a...
The Association of Ghana Industries, which is advocating for the legislation, argues that parliament must urgently initiate steps to check government’s domestic borrowing in order to...
Rwanda has committed itself to driving policies and reforms that will attract investment and promote growth in the country. According to Rwandan President Paul Kagame, “It’s...
Creating jobs in the manufacturing sector may be the way to alleviate unemployment in Africa. “In order to create jobs we need to open up the...
Aliko Dangote, CEO of the Dangote Group, believes that Africa needs to have strong institutions to combat corruption. Dangote advised, “One of the greatest obstacles apart...
The Ethiopian government says the country’s economy will grow by 11.3 percent this year. Ethiopia’s economy grew by 9.7 percent during the 2012/13 financial year and...
Nigeria’s interminable focus on fortifying its oil and gas sector could hamper its chance to diversify the economy. This is according to the 2014 Economic Report...
Nigeria’s National Bureau of Statistics (NBS) will release the country’s rebased GDP calculations proposed for September 2013, on Sunday. The West African country, which is currently...
Jamaica’s Finance Minister, Peter Philips. PHOTO/File The Portia Simpson-Miller administration in Jamaica has presented a J$539.35 billion (US$4.9 billion) to parliament with debate on the fiscal...
Ghana’s central bank kept its benchmark interest rate unchanged to help support growth in the West African economy after tightening monetary policy at an emergency meeting...
Côte d’Ivoire awarded 294 billion CFA francs ($617.87 million) worth of public procurement, nearly 43 percent last year’s total by value, via no-bid contracts according to...
South Africa may be experiencing an economic bubble similar to those that caused the downfall of Western economies in 2008. This is according to Jesse Colombo,...
High quality software development is possible on the African continent but it needs to be encouraged and promoted. “The key thing to remember is, especially here...
Co-operative Bank of Kenya reported on Wednesday a 9 percent rise in pre-tax profit for 2013 and said it expected better growth this year thanks to...
China’s enduring importance for Africa was strengthened again in 2013, when trade between the globe’s most populous country and the African continent soared to a record...
Zimbabwe’s safari industry has set a target of $85 million revenue inflow for the 2014 hunting season. However, questions remain if this is attainable, as the...
Côte d’Ivoire has launched massive upgrades to its ports to support the growth of the natural resource sector and to attract more of the regional transit...
Zambia’s gross domestic product is now estimated to be over 25 percent bigger after a rebasing its economy and updating the base year from 1994 to...
Ghana’s economy grew 5.5 percent in 2013, less than the 8 percent targeted by the government, the International Monetary Fund said on Wednesday. The 2013 fiscal...
Senegal secured pledges worth about $7.8 billion at a donor conference that began in Paris on Monday to help kick-start a development plan aimed at doubling...
Rwanda says it is likely to miss its 2013 economic growth forecast of 6.6 percent after the performance of the service sector fell short of expectations...
(Reuters) – Ghana’s central bank – The Bank of Ghana, raised its main policy rate by 200 basis points 18 percent on Thursday in a drive...
(Reuters) – Sub-Saharan Africa’s economic growth is expected to increase to 6 percent in 2014, from 5 percent this year, supported by investment in infrastructure and...
(Reuters) – Ethiopia’s economy is likely to grow 7 percent a year over the next three to five years, below its average of the last decade,...
(Bloomberg) – Uganda’s economy is on course to expand in 2013-14 at the higher end of its forecast range, driven by growth in the services industry...
(Bloomberg) – Ecobank Transnational Inc. is seeking a new investment banking chief as Africa’s most geographically diverse lender hires people across the continent to tap growth....
Net remittances to Jamaica by Jamaicans abroad. IMAGE/Bank of Jamaica In a bid to kick start Jamaica’s economy, the island-nation is actively wooing its citizens living...
African middle class family in Lusaka, Zambia. PHOTO/Georgina Smith/The Guardian “African consumers want the same as consumers elsewhere – a mobile phone…“ Consumption of goods and...
The International Monetary Fund (IMF) Wednesday said it had approved US$932.3 million loan under its Extended Fund Facility (EFF) for Jamaica. The four-year extended fund facility...
The changing fortunes of Africa has become a theme of investment conferences, magazine covers, and the just concluded summit of the BRICS (Brazil, Russia, India, China...
Nairobi, Kenya Companies looking to expand into Africa should seriously consider setting up shop in Accra in Ghana, Lusaka in Zambia and Luanda in Angola. A...
Elementary school children in Ethiopia with their inexpensive OLPC (One Laptop per Child) laptops. PHOTO/Petterik Wiggers/PANOS Africa is the Most Dynamic eLearning Market on the Planet...
Barbados is forecasting less than one percent real economic growth for 2013 up from “no real growth” in 2012. The Central Bank of Barbados said that...
Traders on the floor of the Nairobi Securities Exchange Annual market performance statistics released by the Nairobi Securities Exchange indicate that the benchmark the Nairobi Securities...
Barbados Prime Minister Freundel Stuart Moody’s Investors Services has downgraded Barbados’ credit rating to Ba1 from Baa3 citing the country’s lukewarm economy and rising government debt...
Job applicants fill out applications for positions at a new bar and restaurant in Detroit. PHOTO/Paul Sancya/AP The US economy is growing again, but African-American women...
A Shopper in Kampala, Uganda. PHOTO/Panos /Mikkel Ostergaard Africa’s large, fast-growing population, combined with rising consumer disposable income, offers companies an enormous opportunity, a new survey...
By Robert Bates Once ‘hopeless’ and now ‘rising’, Western narratives around Africa may tell us as much about what’s going in the West as in Africa...
The housing market in Jamaica has been on a minor upswing. Demand for mid to upper priced homes worth J$25 million (US$ 277,000) and above has...
The economy of Haiti is projected to grow 6 percent in 2012, followed by 7.5 percent gross domestic product (GDP) growth in 2013, according to the...
Jamaica Prime Minister Portia Simpson-Miller. PHOTO/File (Jamaica Observer) – Jamaican Prime Minister Portia Simpson-Miller has said that her administration has been working hard to secure additional...
Traders on the floor of the Nairobi Stock Exchange Days before Facebook became a public company on 18 May, the hype behind the social network giant...
(PRNewswire)–The UK, Eurozone and US economies are facing surprising competition from an unexpected source according to research carried out by new website, AfricaTradePartners.com. With record numbers...
Economists say Africa will grow by 5.5 percent in 2012, with seven African countries expected to rank among the 10 fastest-growing economies in the world during...
As a continent, Africa is of course diverse, with individual countries performing economically with different levels of success. There are however significant business opportunities across the...
African middle class family in Lusaka, Zambia. PHOTO/Georgina Smith/The Guardian A growing middle class has fueled Africa’s fast-growing consumer market driving the regional economy, according to...
Six of the world’s fastest growing economies are in sub-Saharan Africa, among them Uganda and Ethiopia, according to UK-based economic experts Ernst & Young. According to...
South Africa’s membership of the bloc of leading emerging economies and its unique position in Africa heralded the country’s role as a gateway into the African...
(Reuters) – Mozambique’s economic growth accelerated to 8.1 percent in the fourth quarter of 2011 from 6.5 percent in the third quarter, data from the National...
(Reuters) – Tanzania’s central bank said on Wednesday that economic growth could beat its 6.0 percent forecast for fiscal year 2011/12, with inflation falling to single...
(Bloomberg) — Inflation in East Africa may slow this year as food prices ease, while rising oil costs will probably boost imports and widen trade deficits,...
(Reuters) – Global institutional investors plan to boost their asset allocation in African markets over the next five years, and are shifting to long-term investment strategies...
