Our Blog

In over a decade, Côte d'Ivoire has had one of the fastest sustained economic growth rates in Sub-Saharan Africa. Côte d'Ivoire effectively suppressed the COVID-19 epidemic with real GDP growth averaging 8.2% between 2012 and 2019. The Ivory Coast's economy was one of...

According to the Central Bank of Nigeria (CBN) 2016 report, Currency swaps are an essential financial instrument utilized by banks, multinational corporations, and institutional investors. Although these types of swaps function similarly to interest rate swaps and...

According to research published by Oxfam, conflicts in Africa have cost the continent more than $150 billion, which is equal to all the foreign help it has received over the same period. According to the report, Africa's Missing Billions, about half of the continent's...

Nigeria is a special country with an impressively diversified character and composition, resounding unity, and a bright future. Nigeria, the most populated country on the African continent and the country with the highest concentration of black people, is home to more...

Talent abounds in Africa. The creative industry on the continent is gaining speed and interest as a result of social media and digital streaming services expanding the impact and reach of African artists and creatives to a global level. What does this mean, though,...

After Britain ceremonially granted independence to Zimbabwe in 1980 and the country switched to majority rule, Zimbabwe's economic history officially started. The new administration of Prime Minister Robert Mugabe supported socialism while utilizing some foreign...

Terrorism and violent extremism are likely to remain Africa's biggest security challenges in 2022 and beyond, according to the United States Institute of Peace (USIP). East, West, and Southern Africa all have local groups with connections to international terrorism....

The forex market, which continues to be the biggest and most liquid, had a total estimated value of $2409 trillion in 2019. The biggest currency markets are those in New York and London. Observers have seen a striking spike in the rate of cryptocurrency and FX trading...

More than 800,000 Tutsis and Hutus were killed over the course of 100 days in Rwanda until the Rwandan Patriotic Front (RPF) invaded the country in 1994, putting a stop to one of the most terrible acts of genocide in recent African history. Since that time, the RPF...

Although healthcare systems differ from nation to nation, they always strive to deliver high-quality treatment that enhances the experiences of both patients and healthcare workers. Since the COVID-19 pandemic began in December 2019, health systems all around the...

Burundi, Kenya, Rwanda, Tanzania, South Sudan, and Uganda's governments have tasked the East African Community (EAC), a regional body, with driving the region's economic, social, and political integration agenda. The Federal Republic of Somalia's President, H.E....

In the sixteenth century, Portuguese traders from Brazil brought cassava (Manihot esculenta) to sub-Saharan Africa (SSA). The crop is currently grown in 40 of the 53 SSA nations, making up 61% of worldwide output (Spencer and Ezedinma, 2017). In many nations in Africa...

Nigeria's economy expanded by 3.6% in 2021 after contracting by 1.8% in 2020, supported on the supply side by a 4.4% increase in non-oil sector activity versus an 8.3% decline in oil sector activity. Non-oil growth was driven by agriculture (2.1%) and services (5.6%)....

The global market for cut flowers is worth several billions of dollars. Flowers are produced worldwide and frequently need to be sent quickly to remote locations owing to their perishable nature. This sector is predominantly dominated by the Netherlands, where more...

Nollywood, as the Nigerian film industry is more widely known, is now acknowledged as one of the biggest in the world. Star actors, better production values, and passionately enthusiastic global audience engagement are all present in the nation's developing film...

The most popular mobile money service in Africa and the biggest fintech platform is M-PESA. Due to its unparalleled simplicity and high level of security, M-PESA is the preferred method of payment for both banked and unbanked individuals across the continent. Millions...

With 110 million people, Ethiopia is the second-most populated nation in Africa. It also boasts one of the oldest public telecommunications companies, having been founded in 1894. Ethiopian telecommunication is still among the least advanced in the world despite its...

Following the multiracial democratic election in 1994, South Africa increased its tourism potential by hosting several major events, including the 1995 Rugby World Cup and the 2010 FIFA World Cup. The prestige and feeling of identity of South Africa were enhanced by...

Although the African textile market is diverse, cotton seems to be a constant. Currently, cotton is grown and sold in a large number of African nations. With 450,000 Africans employed in the cotton industry alone, six of them cultivate cotton under the brand "Cotton...

The Covid-19 epidemic has largely affected companies. Banks are not exempt from the effects of prolonged lockdowns and decreased business activity, as many of their commercial clients have seen firsthand. The benefit is that bank clients have been forced to use online...

Egyptian agriculture accounts for 11.3% of the nation's GDP, making it a significant sector of the economy. Over 55 percent of employment in Upper Egypt is tied to agriculture, which employs 28 percent of all workers. Small farms in Egypt's agricultural industry...

According to Casey Torgusson, Senior Digital Specialist at the World Bank and author of the report's special section on Advancing Kenya's Digital Economy, "Kenya is keen to establish itself as a center for information and communication technology, e-commerce, and...

There are several telecom prospects in Africa. The telecom revolution has been influenced by the industry's liberalization, the expansion of services provided by international corporations, and the present level of active competition. The telecommunication...

The African Economic Outlook for 2022 has as its central topic Africa's Supporting Climate Resilience and a Just Energy Transition. The subject, which is similar to the one for the 2022 Annual Meetings, emphasizes how climate change is an increasing danger to people's...