Browsing: Africa 2022

Digital economy in Africa, DRC Investment Summit

Choose sustainable: Africa’s path to economic freedom

Industry and Trade
  • African nation's like Rwanda are investing in top-notch ICT systems
  • Industrialization in Africa is yet a challenge being tackled by most economies
  • Despite the pandemic hitting global economies several African nations stood strong

Follow the numbers they say, if one wants to understand how Africa can go beyond the typical growth trajectory that does not commensurate with its natural capital and human potential to attain economic freedom. Sustainable development is rather crucial for Africa to attain. On that note, efforts such as Africa Continental Free Trade Area (AfCTA) are a tool the region employs to breathe life into that ambition.

Numbers point towards an exciting viewpoint that questions whether Africa can sustain its economic growth without adopting the best available, sustainable economic systems.

The region has been keeping a good track record over the past years. For instance, Tanzania—has become one of the fastest-growing economies in Africa—ascending towards a low-middle-income

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Investing in Africa: Why here and now 

Industry and Trade
  • Africa is now realising the African Continental Free Trade Area (AfCTA)
  • Africa economy is expected to grow by 3.8 percent in 2022
  • Africa has 60 percent of its population under age of 25

Africa's economy is rising and it has been for a while now. For the intelligent investor, it is wise to rise with it side by side as Africa remains the most naturally endowed continent on the planet. This in terms of human and other natural resources. Hence to Invest in Africa is the next big thing as the region needs a 360 touch on its manufacturing industries.

With projected growth hitting 1.5 billion people, Africa stands as the most profitable ground for investors within the mining, transport and services sector. The region is not only advancing economically but diplomatically too.  

The African Continental Free Trade Area (AfCFTA) is yet another breeding ground for success in the

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AfDB: Circular economy is Africa’s future

Industry and Trade
  • World Bank forecast Africa’s economy to grow by 3.6 per cent in 2022
  • Circular economy stand to improve job creation and the industrial sector in Africa
  • Africa Agenda 2063 could be achieved swiftly by circular economy models

The circular economy is a bankable business model for Africa. It enables the realization of sustainable development in Africa, said African Development Bank’s climate change and green growth department Officer-in-charge AL-Hamndou Dorsouma, according to information from African Development Bank.

Africa’s economy could be revitalized by strategic circular economic models, especially during these recovery times, when Africa is struggling to rebuild its economy hurt by the pandemic.

The circular economy brings an airtight system, solution and framework that utilizes all economic and industrial operations to bring sustainable services and products to the market that maintain the highest value over time – to eliminate waste, reduce energy consumption and increase the durability of products.

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Tanzania: How economy faired in 2021/22 second half

Countries

According to the review, money supply to accommodative monetary policy measures and supportive fiscal policy during the first half of 2021/2022.

Tanzania is a nation whose economy is driven by the healthy participation of the private sector, the sector fair well amid slow times.

Credit to the private sector grew by 5.9 per cent compared with an average of 5.1 per cent from July to December 2020.…