Browsing: African Union Commission

AfDB | fastest growing economies 2024
  • According to the African Development Bank’s Macroeconomic report, Africa will dominate the world’s 20 fastest growing economies 2024.
  • According to the report, the medium-term growth outlook for the continent’s five regions is slowly improving.
  • The report forecasts more substantial growth for Africa in 2024, outpacing the projected global average; the continent is the second-fastest-growing region after Asia.

Fastest Growing Economies 2024

The African Development Bank Group’s latest Macroeconomic Performance and Outlook (MEO) indicates real Gross Domestic Product (GDP) growth for the continent is expected to average 3.8 per cent and 4.2 per cent in 2024 and 2025, respectively.

The report said this is higher than projected global averages of 2.9 and 3.2 per cent, with Africa remaining the second-fastest-growing region after Asia.

The top 11 African countries projected to experience economic solid performance forecast are Niger (11.2 per cent), Senegal (8.2 per cent), Libya (7.9 per cent), Rwanda (7.2 per …

African Energy Chamber

African Energy Chamber  (www.EnergyChamber.org) Executive Chairman NJ Ayuk will attend the Ninth Conference on Climate Change and Development in Africa (CCDA-IX) in Cabo Verde on the 13th – 17th of September 2021 where he will contribute to and drive a collaborative discussion on what a just energy transition looks like for Africa.

Focused on ensuring Africa’s climate change mitigation strategies coincide with, rather than restrict, Africa’s economic development, Ayuk will bring a valuable perspective to the conference.

Organized by the Economic Commission for Africa and the Government of Cabo Verde, with partners the African Union Commission, the Economic Commission for Africa and the African Development Bank, CCDA-IX will take place under the theme ‘Towards a just transition that delivers jobs, prosperity and climate resilience in Africa: leveraging the green and blue economy.’ The conference serves as a prelude to the Conference of Parties to the United …

Zimbabwe to host development forum

Zimbabwe is ready to host the Sixth Africa Regional Forum on Sustainable Development (ARFSD) Minister said.

The forum will be held in Victoria Falls in February from 24 to 27 under the theme ‘2020-2030: A Decade to Deliver a Transformed and Prosperous Africa through the 2030 Agenda and Agenda 2063.” said Sekai Nzenza, the acting Labour, Public Service and Social Welfare Minister Zimbabwe.

“The Forum gives Zimbabwe an opportunity to showcase itself, especially that the country is really open for business and also what the country can offer in terms of tourism. It is also a great opportunity for the country to establish strategic alliances on Sustainable Development Goals (SDGs) as we continue to reengage with the rest of the world,” said Ms Nzenza.
She said Zimbabwe is fully committed to achieving the sustainable development goals agenda and the 2063 African Union Agenda.

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