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Browsing: Economic and Monetary Community of Central Africa (CEMAC)
- The World Bank projects Sub-Saharan Africa’s economic growth will dip to 3.1 per cent in 2023.
- Weakening growth is attributable to multiple crises including debt burden, high inflation, and slowing global economic activity this year.
- Policymakers across Sub Sahara Africa, however, remain hopeful of navigating the impact of global economic disruptions key among them the Russia-Ukraine war that has constrained food imports
A huge debt portfolio, high inflation and slowing economic activity across the globe are set to see Sub-Saharan Africa’s economic growth dip further to 3.1 per cent this year from 3.6 per cent posted in 2022.
The projection by the World Bank comes even as policymakers across Sub Sahara Africa remain hopeful of navigating the impact of global economic disruptions key among them the Russia-Ukraine war that is constraining food imports coupled with high fuel prices which is worsening inflation.
The World Bank and the International Monetary Fund …
African competition law on the continent is the subject of notable growth. An increasing number of jurisdictions have adopted laws and regulations, established authorities, secured membership to regional antitrust regimes and ramped-up enforcement of suspected violations of prevailing competition laws at both domestic and regional levels.
Since 2018, domestic competition legislation has been enacted in Angola and Nigeria. In Angola, these legislative developments have been bolstered by the establishment of the Angolan Competition Regulatory Authority, which recently became operational. In Nigeria, the Federal Competition and Consumer Protection Act was signed into law in 2019, establishing the Competition Commission and Competition Tribunal to enforce the legislation. Madagascar adopted a new law, which modifies certain aspects of its competition laws. This is yet to be published in the official gazette, but also demonstrates an impending change (which is consistent with the general wave of development in relation to competition regimes on the …