Fitch warned that rising debt levels and global interest rates could lead to downgrades in as many as 10 African countries, with Kenya, Ghana, Lesotho, Namibia,…
Browsing: GDP
Egypt’s Finance Minister Mohamed Maiit, on Wednesday, said the country’s debt will decline below 90% of its gross domestic product by the end of the fiscal…
Nigeria’s Gross Domestic Product (GDP) grew by 0.11 per cent in Q4 2020, from the 6.11 per cent contraction in Q3, signalling a gradual recovery from…
The latest data by the United Nations Economic Commission for Africa (UNECA) shows that on average over 10 percent of export revenues and primary income in the region is spent on debt repayments.
Minister of Communications and Digital Economy Dr Isa Ali Ibrahim Pantami has directed the Nigerian Communications Commission (NCC) and National Information Technology Development Agency (NITDA) as…
A new report called e-Conomy Africa 2020, released in South Africa by Google and the International Finance Corporation (IFC), estimates that Africa’s Internet economy has the…
No economy thrives on mono commodity trade, none. This is a dynamic the famous Adam Smith understood so well and explained in his piece “Wealth of…
Latest figures have shown that Nigeria’s economy contracted by 6.1% in real terms in the second quarter of 2020 compared to a year earlier. These figures,…
The Bank of Ghana is keeping its interest rate unchanged at 14.5%. This comes after it concluded a $1 billion repo facility with the U.S. Federal…
Nigeria’s economic growth rose to an annual rate of 2.55% in the three months to the end of December, its highest quarterly growth since a 2016…