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Economy in Africa

  • How will Donald Trump’s victory affect Nigeria’s economy?

    UNITED STATES, 2016/11/16 On Tuesday, 9th November 2016, the world was stunned by the victory of Donald Trump as president of the United States of America. During Trump’s campaigns, he made several racist comments about Africans, which included threats to send Africans away from America if he becomes president. This has led a lot of to ask how his victory is going to affect Nigeria’s economy and her trade relationship with the US. In an interview with Ventures Africa Anointing Momoh, a Research Associate at Centre for the Study of the Economies of Africa (CSEA) highlighted the potential impacts of Donald Trump’s on Nigeria’s economy:

  • Kenyan Economy Remains Upbeat Despite Global Slowdown

    KENYA, 2016/11/02   The Kenyan economy has maintained steady growth over the last eight years, and its forecast remains upbeat with the World Bank projecting a 6 percent progression in 2017.

  • Sub-Saharan Africa’s Economic Growth Hits 22-Year Low

    AFRICA, 2016/11/02

  • Nigeria has remained a country of potential for too long - Buhari tells Facebook CEO

    NIGERIA, 2016/10/30 Nigerian president Muhammadu Buhari has told Facebook’s Chief Executive Officer Mark Zuckerberg that it is about time the potential of Nigeria’s youth be developed into a reality. Buhari explained at the same time as the co-founder of the popular social networking site paid a call on him in Abuja on Friday. “Nigeria has always been identified as a country with great potentials for increase, particularly with our youthful people, but presently we are moving beyond the potentials to reality,” the president said.

  • Zimbabwe economic growth to reach 4.8 % in 2017

    ZIMBABWE, 2016/10/29 Zimbabwe’s treasury expects economic increase to peak to 4.8 % in 2017 form 1.2 % this year, on the back of improved agriculture production and higher commodity prices. According to a treasury budget document, Zimbabwe’s economy had shown resilience in the face of liquidity shortages and the worst drought in decades but is expected to rebound next year.

  • Senegal solar energy, Ethiopian blankets and S. Leone's fishing law

    ETHIOPIA, 2016/10/29

  • This is why, despite challenges, Africa can still rise

    BOTSWANA, 2016/10/04 Is the honeymoon over for African economies? Less than a decade ago, it seemed that the continent’s economic dreams were beginning approaching authentic, with a lot of nations experiencing impressive GDP increase and development. Presently, as the harsh reality of the continent’s vulnerability to challenging external conditions has set in, sustaining that increase has proved difficult. Encumbered by slowing increase in China, a collapse in commodity prices, and adverse spillover from numerous security crises, Africa’s in general annual GDP increase averaged just 3.3% in 2010-2015, barely keeping up with people increase, and down sharply from the 4.9% recorded from 2000 to 2008.

  • Economic growth in sub-Saharan Africa expected to dip further

    ETHIOPIA, 2016/10/04 The World Bank has predicted that economic increase in sub-Saharan Africa is expected to fall further to 1.6% this year, the lowest level in over two decades. The new figures have been outlined in the new Africa’s Pulse statement which is a biannual analysis of economic trends and data for the region. While a lot of nations are showing signs of decline in economic increase rates, some like Ethiopia, Rwanda and Tanzania have recorded an annual increase rate of over 6%. Africa’s Pulse has noted that the sub-Saharan regions economic performance in 2017 will continue varying across nations, while the larger economies and commodity exporters are expected to see a modest increase.

  • Congo republic govt sees 2017 GDP growth rising to 3.4 pct

    CONGO BRAZZAVILLE, 2016/10/04 ongo Republic plans to cut its budget by 24.3 % in 2017 to 2.74 trillion CFA francs ($4.7 billion) as it reins in public spending following this year's presidential election, the government said late on Friday. Nevertheless, the government expects GDP increase to rise from 2.6 % this year to 3.4 % next year thanks to several new oil blocks which are expected approaching online, government spokesman Thierry Moungalla said in a statement.

  • Why one of the world's most innovative companies is betting big on Africa

    AFRICA, 2016/10/03  
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