In November 2022, the Federal Government of Nigeria, through the Nigeria Port Authority (NPA), licensed five new Export Processing Terminals (EPTs) across the country to begin the operation of handling and processing export cargoes. Establishing and licensing these export processing …Continue reading
The Ghanaian government resisted going to the IMF for months until its economic crisis degenerated to the point of imminent catastrophe. But in early July 2022 it did, and has since then pursued the program with the enthusiasm and zeal …Continue reading
South Africa’s Energy Minister, Gwede Mantashe, has blamed the private sector for South Africa’s blackouts that have destroyed businesses and jobs. Surprised? I am not.
Politicians who believe in government controls advocate for an interventionist role of government in the …Continue reading
Late last year, the World Bank reported that Malawi’s economic future was in peril. In a press release, they noted that “The combined effects of adverse weather, acute foreign exchange shortages, disruptions to electricity, and the high rate of inflation, …Continue reading
During the first quarter of 2023, Nigerians experienced cash circulation shortages due to the naira redesign policy. This policy negatively impacted several informal sector businesses, such as local retail shops, artisans, and commercial bus drivers. Trading activities for small-scale manufacturers …Continue reading