Browsing: Africa growth trends

• The long-term effects of Covid-19 and the climate crisis are felt more acutely in Africa than elsewhere.
• Africa’s additional financing needs resulting from the pandemic will amount to $285 billion over the four years ending 2025.
• Sub-Saharan Africa endured a recession in 2020 for the first time in 25 years.

NEW YORK – Africa bears virtually no responsibility for the greenhouse-gas emissions driving the climate crisis. It is not responsible for the conflicts or supply-chain disruptions that have driven global inflation. Nor did it trigger the spread of COVID-19, let alone cause the pandemic’s economic fallout. And yet the long-term effects of this trio of crises linger perhaps more acutely in Africa than elsewhere.

Africa grappling with anemic economic growth

The International Monetary Fund has estimated that Africa’s additional financing needs resulting from the pandemic will amount to $285 billion over the four years ending in 2025. But inflation, exchange-rate …

The Dubai Chamber of Commerce and Industry in cooperation commonly referred to as Dubai Chamber has released a white paper in which it identifies key business opportunities and trends in Sub Sahara Africa ahead of the Global Business Forum Africa 2019.

Growing momentum behind regional integration, economic reforms, technological advances, and infrastructure development are among the key factors fuelling business growth in sub-Sahara Africa, according to a new whitepaper. The report was released by Dubai Chamber with the Economist Intelligence Unit (EIU).

Established in 1965, the Dubai Chamber of Commerce & Industry is a non-profit public entity, whose mission is to represent, support and protect the interests of the business community in Dubai by creating a favourable business environment, supporting the development of business, and by promoting Dubai as an international business hub.

The report, entitled Promise and Perils: Scaling up businesses in sub-Sahara Africa, sheds light on the …