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Africa
For generations, millions of people have looked at world maps that make Africa appear smaller than it really is. A recent United Nations (UN)…
Here’s a question worth sitting with: how much growth are…
Geopolitics: Not since the wars in Afghanistan and Iraq reshaped…
According to the Central Bank of West African States (BCEAO), growth should accelerate in the WAEMU economic region in the medium term. The increased production in the tertiary and secondary sectors remains crucial. These sectors should benefit from controlling the current health crisis in the Union and the continued implementation of the NDPs.
Growth in the Union is expected to drop from 6 per cent in 2021 to 5.9 per cent in 2022 before settling at 7.2 per cent in 2023. The contribution to growth from the tertiary sector should stand at 3.5 per cent in 2023, up by 0.3 points compared to 2022. The contribution of the secondary sector should grow by 0.9 points between the two years to settle at 2.6 per cent in 2023.
Economies the world over have made significant recoveries from the effects of the Covid-19 pandemic,…
Should a common currency in the EAC come to fruition, the trade will be fueled…
Remittance flows to developing regions were shaped by several factors in 2022 including reopening of…
The New Tanzania Investment Act 2022 has now become law replacing the Tanzania Investment Act…
AfCFTA’s successful implementation can boost trade and promote Africa’s economic recovery and growth. The AfCFTA is the world’s most extensive free trade area in terms of size and number of nations, with a combined GDP of around $3.4 trillion.
Increased integration would improve incomes, generate employment, stimulate investment, and make establishing regional supply chains easier. In comparison to Africa’s external trade, intra-African trade remains tiny. In 2020, just 18 per cent of exports went to other African nations.
