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Browsing: Africa’s growth
The CEO Dialogue Forum which hosted more than 500 CEOs from Africa and beyond met virtually to discuss issues affecting Africa’s growth.
Strathmore University Business School partnered with Shared Value Initiative Africa to host the first session of the CEO Dialogue on 6 August 2020, themed ‘The Future of Work and the Impact of the Digital Economy on Africa’s Growth.’
Persistent gaps in education, health and skills have tampered the many opportunities in Africa leading to the continent to only reach forty percent of its estimated potential according to the World Bank. In addition, conflict, food insecurity, population growth and the disruptive forces of climate change threaten to curtail or even reverse the progress made over the past decades.
The discussion was spearheaded by a team of expert panelists drawn from different sectors such as Vincent Ogutu, Vice-Chancellor Designate Strathmore University, Cezanne Maherali, Head of Policy, Uber-sub-Saharan Africa, Alan Stoga, …
Africa’s growth stands to rebound to 3 per cent in 2021 said the African Development Bank in its African Economic Outlook 2020 supplement.
According to updated forecasts from the African Development Bank, economic growth in Africa could rebound in 2021, provided that governments manage the COVID-19 infection rate well.
In the bank’s socio-economic assessment of the pandemic’s impact, growth is now projected to rebound to 3 per cent in 2021 from -3.4 per cent in the worst-case scenario for 2020.
In January this year, the bank released a supplement to its African Economic Outlook which forecast Africa’s growth at 3.9 per cent in 2020 and 4.1 per cent in 2021.
The growth outlook for 2021 and beyond would largely depend on African governments’ effectiveness in flattening the curve of the pandemic and policies to reopen economies the supplement cautioned.
“To reopen economies, policymakers needed to follow a phased and incremental …
Looking for growth opportunities? Africa is a continent with huge economic potential.
It has been gradually transformed in the past 20 years and we are on the cusp of significant growth, with blossoming entrepreneurship and plenty of opportunities for smart and simple business solutions.
Africa is on the rise
Africa is a 1.2bn-person market, a number expected to double over the next 30 years. Generally, business leaders tend to overestimate the challenges of doing business in Africa and underestimate the size and potential on the African continent. Thereby not stating that the African markets are easy to do business in, but emphasising that they are worth the effort, and companies not engaged in African markets risk losing out on one of the 21st century’s great growth opportunities.
One of the fastest growing economies in Africa
Mozambique is one of the poorest countries in the world but it will see large-scale …