Home Tag "Africa"

Continued Lack Of Access To Vaccine will reduce Africa’s Economic Growth Compared To Rest Of World – IMF

The International Monetary Fund (IMF) has stated that a continued lack of access to vaccines will see Africa’s projected growth at 3.4% compared to the rest of the world at 6%. The IMF disclosed this in its Regional Economic Outlook for Sub-Saharan Africa, April 2021, which was published on Thursday. READ ALSO: Covid To Pushing 30 million […]

Nigeria tops South Africa in FDI in 2020 – UN Report

Nigeria, Africa’s largest economy attracted a total FDI of $2.6 billion in 2020 down from the $3.3 billion it attracted a year earlier. Africa recorded a total FDI of $38 billion in 2020 representing a drop of 18% from $46 billion recorded in 2019, data from the United Nations Trade Association shows. Nigeria, Africa’s largest […]

Dangote to Leverage Expansion, New Trade Routes Under AfCFTA

Dangote Industries Ltd has expressed optimism that its cement expansion plan and fertiliser investments will open new trade routes for the company and Nigeria under the African Continental Free Trade Area (AfCFTA) that kicked off on January 1. Already, the cement company, despite an installed capacity of 29.3Mta in Nigeria, is targeting an expanded entity […]

Is There A Debt Crisis In Africa?

Is there a debt crisis happening in Africa as many media outlets claim? Has the deluge of Chinese credit fueled the situation? Carlos Lopes, a renowned Bissau-Guinean economist who headed the UN’s Economic Commission for Africa from 2012 to 2016, shared his views with CGTN. Below is an edited version of what he said. There’s […]

What Will the African Continental Free Trade Area Mean for Shipping?

BY BRIAN GICHERU KINYUA    The start of this year heralded the implementation of the AfCFTA (African Continental Free Trade Area), a flagship project of the African Union’s Agenda 2063 to stimulate intra-African trade. The project aims to create a single continental market for goods and services through a comprehensive agreement by member countries that will […]

RCEP: Asia-Pacific countries form world’s largest trading bloc

Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy. The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand. The pact is seen as an extension of China’s influence in the region. […]

UK DFI Holds Virtual Visit to Nigeria, Assesses Covid-19 Impact

CDC Group reiterates commitment to economic development and growth recovery beyond crisis.CDC Group’s Chief Executive, Nick O’Donohoe and Chairman, Graham Wrigley, led a delegation of its Board members on a virtual visit to Nigeria on the 21st and 22nd of September. CDC Group is the UK’s development finance institution and impact investor. Funded by the […]

Tony Elumelu and Two Others Named In TIME’s 100 Most Influential People 2020 List

TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. Mr Elumelu, who is one of only four Africans on […]

AfCFTA Must Be Engineered To Advance Gender Equality In Africa – President ACCI

The President of the Abuja Chamber of Commerce and Industry (ACCI), Prince Adetokunbo Kayode has stated that the African Continental Free Trade Area (AfCFTA) must be engineered to advance gender equality in Africa,as well as bring millions of people out of poverty. The President who was represented by the DG of the Chamber, Victoria Akai, […]

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