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Browsing: Internet penetration
- Following a slow recovery from the debilitating impact of COVID-19, Africa’s economic growth declined to an estimated 3.8 per cent in 2022 and later deteriorated to 3.3 per cent in 2023.
- Africa is not immune to economic shocks and has recently faced a multi-crisis situation.
- African countries have posted more than 5 per cent output expansions in 2024.
Africas economic outlook
Before COVID-19, Africa experienced 20 years of solid growth and made tangible economic and social progress. However, the COVID crisis brought this progress to an abrupt halt, and many countries, which are under increasingly tight budget constraints, struggled to invest in essential sectors amidst recovering from the aftermath of the health crisis.
Following a slow recovery from the debilitating impact of COVID-19, Africa’s economic growth declined to an estimated 3.8 per cent in 2022 and later deteriorated to 3.3 per cent in 2023.
However, according to a recent UN …
Kenya, Mauritius, Namibia and South Africa are the only countries on the continent where the share of online shoppers exceeds 8 per cent.…