EIU predicts currency depreciation across more African economies in 2024
The report noted that devaluation’s impact in 2024 will be less severe than that experienced in the current year. “We forecast currency depreciation against the US dollar across much of Africa in 2024, although adjustments are expected to be less severe than those recorded in 2023,” it said. Several nations such as South Africa, Nigeria,
10 African countries with the lowest GDP projection for 2023 as the year rounds off
These projections are particularly essential for African countries since they provide insight into the continent’s overall development trajectory, growth potential, and economic health. As Africa navigates its economic terrain, leveraging insights from GDP estimates will be critical in crafting a sustainable and inclusive future. The International Monetary Fund detailed each country’s real GDP (annual percentage
“More African countries to witness currency depreciation in 2024”- EIU report
The Economist Intelligence Unit in a new report for 2024 has stated that many countries across Africa will continue to witness currency depreciation next year with Nigeria- a major economy to be affected. The report noted that the impact of the devaluation in 2024 will be less severe compared to those experienced this year.
CAF Awards 2023: Oshoala, Ajibade, Nnadozie, Others Make Nominees List
Top Super Falcons players, including Barcelona’s Asisat Oshoala and Atletico Madrid’s Rasheedat Ajibade, have been nominated for the 2023 Confederation of African Football (CAF) Women’s Player of the Year award. Naija News reports that the football association released the nomination list on Tuesday. Aside from Oshoala and Ajibade, five other female Nigerian players were included
Asante commends Rwanda’s visa-free entry policy for Africans
Rwanda’s recent announcement of visa-free entry for all Africans has been commended as a practical example which other countries on the continent urgently need to emulate to ensure quick realization of Africa’s economic integration. Renowned Ghanaian-born international journalist, publisher and pan-Africanist Ben Asante made the assertion recently at an interaction with the media in Accra
Creation Africa Ghana: French Embassy to support creative entrepreneurs
Creation Africa Ghana, an initiative by the French Embassy in Ghana to empower entrepreneurs in the Cultural and Creative Industries (CCIs), has been launched. A call for proposals to the programme was launched on Monday, November 13 2023, at the French Embassy in Ghana. Speaking at the programme, the President of Ghana, Nana Akufo-Addo expressed
List of African cities with the highest quality of life
As these cities grow, ensuring a high quality of life for their residents becomes increasingly important. One essential tool in achieving this goal is the development and implementation of a robust Quality of Life (QoL) index tailored to the unique challenges and characteristics of African urban environments. Quality of Life encompasses various factors that contribute
Trade unions strategize pathways for human rights due diligence in Africa – The Sun Nigeria
By Bimbola Oyesola Sub-Saharan African trade unions have strategized how human rights due diligence can be a catalyst to achieving their demands for multinational companies to respect fundamental workers’ rights, decent work, living wages, and protection of the environment and community rights. The 60 participants from unions in 24 countries at a recent conference in
Nigeria, South Africa to lead strong entertainment, media revenue growth– PwC
The recently released PwC Africa Entertainment and Media Outlook 2023-2027 report has predicted that Nigeria will experience the most substantial growth in Entertainment and Media (E&M) revenue, with revenue expected to more than double from 2022 to 2027. Additionally, South Africa’s E&M market growth is expected to outpace the global average, despite stabilizing in 2022.
Kenya to lead the dollar-dominance cut in Africa
The Investors’ Corner is back! We wrapped up the inaugural season in May with an engaging discussion featuring Emmanuel Adegboye, Head of Madica. Adegboye delved into the obstacles encountered by underrepresented founders in Africa and strategies for fortifying the tech ecosystem. Kicking off our second season is Basil Moftah, the General Partner at Nclude. Moftah