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Africa celebrated the official launch of the world’s largest customs union – the African Continental Free Trade Area (AfCFTA) – a little over a year ago, ushering in a new era of pan-African trade.
But this is just a step
Nigeria’s inflation rate increased by 0.22 percent to 15.92 percent in March 2022. We can attribute the increase in the prices of goods and commodities to the rise in the consumer price index (CPI). Still, the fluctuating exchange rate also …
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Over the last three decades, India has experienced a miraculous economic transformation. Less than 40 years ago, nearly half of all Indians lived below the poverty line, and globally, the state received the highest levels of development aid. Today, India …
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COVID-19 has caused unprecedented challenges in every region of the world. Africa has been particularly hard hit due to the continent’s frail health sector and lack of decent infrastructure. While these underlying characteristics have presented a unique set of challenges, …
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We are far from achieving the Sustainable Development Goals (SDGs) after establishing them seven years ago.
The OECD estimates that the SDG funding gap has mushroomed to $4.2trn annually from the $2.5trn estimated in 2019. Africa’s annual SDG funding gap
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The new African Continental Free Trade Area (AfCFTA) could transform Africa’s economic prospects. The World Bank estimates the AfCFTA could lift more than 30 million Africans out of extreme poverty (defined as having an income of less than $1.90 per …
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Digitizing informal trade is the multi-billion-dollar challenge for the next wave of African tech unicorns. If they succeed it will be transformative for a continent where near 90% of employment is informal.
Flutterwave, a Nigerian payments company, is now worth
On November 26th, 2021, reports emerged that China would take over the Entebbe International airport in Uganda, the latter’s only airport. The move was due to the inability of Uganda to repay the $207 it borrowed from the Chinese government. …
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Last week was the 51st anniversary of Nigeria and China establishing diplomatic relations. However, the event was dampened following recent statements by Nigeria’s transport minister, Rotimi Amaechi, who implied there was a significant shift in a crucial aspect of the
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Common perceptions about Chinese engagement in Africa are that it is one-dimensional and sometimes biased. One common problem with this perception is the seeming acceptance of what’s called ‘methodological nationalism’ – that the national origin of a firm or agency …
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