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[Nigeria Business Week] Andrea Ayemoba: 2022 statistics outline Nigeria's economic status quo
Despite all the setbacks plaguing economies the world over, Nigeria’s GDP for 2022 is projected to be north of $500billion, the largest in Africa. All eyes are now turned to what these next 12 months could bring Africa’s largest economy.
[East Africa Business Week] Bob Koigi: Region bets on $91.5 million budget to drive economic integration
This week, the East African Community has tabled before the East African Legislative Assembly (EALA) the budget estimates for the 2022/2023 Financial Year totaling $91.5 million.
[Nigeria Business Week] Andrea Ayemoba: Telcos break new ground, digital loans gain momentum
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
[Nigeria Business Week] Andrea Ayemoba: Nigeria enters green market, takes on AfCFTA implementation
The collaboration of government with industries is crucial for economic progress, be the market large or small. Nigeria knows this and is taking steps to work closely and create better transparency in one of the country’s most robust industries.
[Nigeria Business Week] Andrea Ayemoba: National GDP for Q3 sees increase, amid growing economic concerns
The Nigerian Minister for labour recently has affirmed that more needed to be done in order for the employment crisis to be mitigated. He did allow that much has been done, but a lot of action still was required if the problem was to be tackled from the roots.
[Nigeria Business Week] Andrea Ayemoba: Q3 stats show industries thriving, strong investor confidence
Nigeria earns every week its place as Africa’s largest economy. While subject to the typical ups and downs any market is expected to have, its mere size guarantees a general continuity of business operations even in the face of a spiraling inflation trend.
[Column[Sammar Essmat: How COVID-19 is pushing MENA companies to embrace flex work
Women in the MENA region have long found it difficult to balance the demands of home, family, and work a major reason why only a quarter of Egyptian women work outside the home.
World Bank: Is Morocco’s Budget Deficit ‘Under Control’?
The coronavirus pandemic had a remarkable effect on Morocco’s economy, as with most countries around the world, so how is their economy now?
[Rwanda] 550,000 Rwandans to fall into extreme poverty this year – World Bank
Rwanda’s economy has fallen into its first recession due to the COVID-19 (coronavirus) pandemic and could potentially compromise years of gains in poverty reduction, the World Bank said Monday.
A more competitive private sector could boost growth and jobs in Namibia, World Bank report
The report, the Namibia Country Private Sector Diagnostic (CPSD) , highlights opportunities for Namibia to attract investment and achieve sustainable private sector-driven growth
Kenya’s growth expected to slow in 2022 due to ongoing drought and Ukraine crisis, World Bank report
Kenya’s real gross domestic product (GDP) is projected to grow by 5.5 percent in 2022 and 5.2 percent on average in 2023–24. This growth rate, while still strong, will be a moderation following a remarkable recovery in 2021 from the effects of the pandemic.
IFC, U.N. to support stock exchanges in advancing SDGs and climate efforts
IFC and the United Nations Sustainable Stock Exchanges (UN SSE), announced an expanded partnership to support stock exchanges and companies in emerging markets in addressing sustainability-related issues.
World Bank injects GH¢28m into Ghana's SME operations
The World Bank has injected GH¢28 million grants into the operations of 400 small and medium enterprises (SMEs) to support their recovery from the COVID-19 pandemic.
Tanzania, World Bank sign $650m credit pacts for education and land
The government of Tanzania and the World Bank have signed two concessional loan agreements worth $650 million (about Sh1.501 trillion) for the improvement of education and land administration systems.
[Ghana] Government kicks off $103.4m project to restore landscapes, mining sector
The Ghana Landscape Restoration and Small-Scale Mining Project has been launched by the government to strengthen the integration of the country’s natural resource management.
[Tanzania] World Bank approves $150m to aid land systems
The World Bank has approved $150 million in financing to strengthen Tanzania’s land administration system and increase tenure security for at least two million land holders, users and their families.
World Bank, Republic of Congo sign agreement to reduce carbon emissions, preserve forests
The Republic of Congo signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF), that will unlock up to $41.8 million for reducing emissions from deforestation and forest degradation and increasing carbon sequestration.
MENA economies face rapid accumulation of public debt, strong institutions will be key to recovery, World Bank
The COVID-19 pandemic exacerbated long-standing development challenges in the Middle East and North Africa (MENA) region, contributing to a rise in poverty, a deterioration of public finances, an increase in debt vulnerabilities.
Sub-Saharan Africa poised for recovery amid recession, World Bank
The economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020, and prospects for recovery are strengthening amid actions to contain new waves of the pandemic.
World Bank add funding to the regional Off-Grid electricity access project to promote solar products in Africa
The World Bank’s Board of Executive Directors approved a total of $22.5 million in additional financing in the form of grants from the International Development Association (IDA) and the Clean Technology Fund (CTF) to support the development of the market for stand-alone solar products in Western and Central Africa.
Mozambique’s economy growth expected to rebound by 2022, World Bank
Mozambique’s economy is expected to gradually recover from 2021 but substantial downside risks remain due to uncertainty surrounding the path of the COVID-19 pandemic.
IFC appoints Makhtar Diop as Managing Director and Executive Vice President
World Bank Group President David Malpass has announced the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the International Finance Corporation (IFC), an arm of the World Bank Group.
COVID-19 pushes Rwanda into recession, severely impacts human capital
The Rwandan economy has fallen into its first recession due to the COVID-19 (coronavirus) pandemic and could potentially compromise years of gains in poverty reduction.
World Bank approves $500m to improve electricity access in Nigeria
The World Bank approved $500 million to support the government of Nigeria in improving its electricity distribution sector.
Madagascar, World Bank sign agreement to reduce poverty, deforestation and carbon emissions
Madagascar signed an agreement with the World Bank’s Forest Carbon Partnership Facility (FCPF), unlocking up to $50 million for efforts to reduce carbon emissions from deforestation and forest degradation between 2020 and 2024.
Global economy to expand by 4% in 2021, vaccine deployment and investment key to sustaining recovery, World Bank
The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.
World Bank, IFC report provides roadmap for stronger private sector-led growth in Egypt
Egypt could unleash economic growth and create more and better jobs by addressing constraints to private sector activity, according to a report published by the World Bank Group.
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COLUMNS.
[Column] Louis Avenant: Trends for African telcos in 2024
Africa’s vibrant telco sector is set for a bumper year in 2024 as it expands operations and broadens service offerings ...read full column here
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[Column] Virodh Sunderlall: What to expect from South Africa’s cybersecurity landscape in 2024
As widely reported last year, South Africa received the most cybersecurity threats on the continent by far ...read full column here
[Column] Stephen Bottger: The power of data analytics to revolutionise public safety
The use of applications, technology and data analytics can play a significant role in public safety globally ...read full column here
INTERVIEWS.
[Interview] Chester Wisniewski, Director of Global Field CTO, Sophos
Chester Wisniewski, the Director of Global Field CTO at Sophos, emphasizes several key trends and predictions for the cybersecurity realm in the coming year … read full interview here
[Interview]: Daniel Otu, Koa’s Production and Operations Director & the factory project lead
Daniel Otu, Koa’s Production and Operations Director & the factory project lead, touched on the challenges faced, the importance of sustainability, the role of local culture, and the lessons that shaped Koa’s future vision … read full interview here
[Interview] Oluwole Eweje, CEO-WATT Renewables Corporation
We provide sustainability for communities, especially communities that have very few businesses … read full interview here