Browsing: Niger

• The AfDB projects real GDP growth to accelerate to 4.1 percent in 2025 and 4.4 percent in 2026.
• However, Africa’s growth remains below the 7 percent threshold required for substantial poverty reduction.
• The continent also continues to grapple with geopolitical tensions, structural weaknesses, climate-related disasters, and prolonged conflicts in regions such as the Sahel and the Horn of Africa.

Africa’s economy is picking up, showing signs of improvement but remains vulnerable to persistent threats that could derail economic gains in the next 12 months.

According to the 2025 Macroeconomic Performance and Outlook (MEO) by the African Development Bank (AfDB), the continent is forecast to post a GDP growth of 4.1 percent in 2025 and 4.4 percent next year. This economic expansion is attributable to ongoing economic reforms, declining inflation, and improved fiscal and debt positions.

The AfDB report was unveiled on the sidelines of the 38th Ordinary Session of the …

• Months after the Military takeover in Niger, the African Development Bank (AfDB) forecasts the country’s GDP to jump by 11.2 per cent in 2024, following growth of 4.3 per cent in 2023.
• Niger has removed its military support agreements with the French and the US, respectively.
• Niger becomes the third country, following Mali and Burkina Faso, to experience a military takeover.

Growth projections after the Military takeover in Niger

“Imperialist France”, “Down with France”, and “Chani (name of the Niger coup leader)” are a few energetic words chanted by the thousands of supporters and demonstrators who demanded the French troops leave Niger.

The latter reflects what is now referred to by the military regime as a people-led democracy. The question that then arises is; Could Africa be experiencing a withdrawal period from the grim historical chains of its colonial era, particularly the Francophone nations, Niger to be exact? (colburnschool.edu…

Africa will be the second fastest-growing regional economy in 2024. Over 10 African countries will experience substantial GDP growth. In October 2024, the International Monetary Fund emphasized Africa’s pivotal role in global economic development and resilience.

Africa could face economic headwinds this year. However, some of the continent’s brightest spots are lighting up the economic prospects. According to the International Monetary Fund, six of the top 10 performing nations globally are projected to come from Africa in 2024.…

United States officials and politicians have shown much interest and support for renewing the African Growth and Opportunity Act (AGOA) as its expiration date approaches in September 2025. The fate of this landmark legislation, which provides duty-free access to the US markets for some African countries, remains uncertain for the next 22 months but has significant implications for trade between the United States and Africa.…

Four African countries are staring at huge losses running into billions of dollars starting January 2024 following their expulsion from the African Growth and Opportunity Act (AGOA). The move will further worsen the unemployment crisis in the affected countries. Agoa offers thousands of jobs in apparels industry, especially to the youth.…

• China signs deal to reopen closed uranium mining site in crisis-hit Niger.
• Niger further agrees to give Chinese Company an oil pipeline deal.
• China to build an industrial park for manufacturing, real estate, mining.

China has signed a deal with troubled West African nation of Niger for the reopening of a controversial uranium mining site. Before China, there was France, and now the question is, will Chinese leave Niger in a better condition than the Frenchmen?

China is actually looking to score a broad-based investment deal that will include the construction of an industrial park, and an oil pipeline among other investments. The industrial park is also to be the site for the development of the uranium mine in question or maybe a site for enrichment, the details of the deal are not yet clear.

Niger China uranium mining

Jiang Feng, the Chinese ambassador to Niger, made the revelations recently. …

• Niger military overthrows the democratic government led by President Mohamed Bazoum.
• Niger’s Colonel-Major Amadou Abdramane announces coup d’état on national television.
• This is the seventh coup in the West African region in just three years.

In Niger coup d’état, the ouster of the government of President Mohamed Bazoum might plunge the West African country’s economic wellbeing into jeopardy.

Late on Wednesday, June 26th, a group of soldiers took over the national television in Niger and announced the removal of President Mohamed Bazoum from power. Earlier, they had held the president in the presidential palace. Colonel Amadou Abdramane, surrounded by nine other officers, read a statement explaining that the defence and security forces made this decision to put an end to the existing regime, citing the deteriorating security situation and governance issues as reasons.

President held in Niger coup d’état

“The defense and security forces… have decided to put an …

• In West Africa, half of the 11.6 million individuals, who were set to receive food aid between June to August, will not get any support.
• Only about 6.2 million people will get support. They are mainly refugees, displaced individuals, malnourished children under the age of 5, pregnant and breastfeeding women, and girls.
• Populations at risk as spread across Burkina Faso, Chad, Central African Republic, Cameroon, Mali, Mauritania, Niger, and north-eastern Nigeria.

Millions of people grappling with West Africa’s hunger crisis will not receive emergency assistance between June and September due to limited funding. According to the World Food Programme (WFP), almost half of the 11.6 million individuals, who were set to receive food aid between June to August, will not get any assistance.

The shock revelation comes as WFP and authorities in the Sahel region struggle with the worst hunger crisis in 10 years.

Populations in Mali and Chad will …

A recent index report showed that Tanzania’s agro sector is mechanizing rapidly on the back drop of value addition mini-factories, the revolution is not unique to Tanzania, it is happening continent wide and North Africa is leading.

Evidence to this fact lies in the pages of the Africa Industrialization Index (AII) report that show more than 35 of Africa’s 52 countries have become more industrialized over the span of the last decade.

The multi-stakeholder report, prepared by the African Development Bank, the African Union and the United Nations Industrial Development Organization (UNIDO), attests to an ongoing industrial revolution in Africa.

The Africa Industrialization Index (AII) uses 19 indicators to rate each country’s level of industrialization ranging from performance of its manufacturing sector, capital, labor to a country’s business environment, its infrastructure and even its entire macroeconomic status.…