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African leaders are increasingly aspiring to “modernise” their cities. That is to make them “globally competitive” and “smart”. The hope is to strategically position cities in Africa to drive the continent’s much-needed socio-economic transformation.
But these aspirations tend to marginalise …
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Although poverty has been reduced considerably in industrialized societies, it continues to attack developing countries. Approximately, 689 million people, or about 9.2 percent of the world, live in dire poverty, and most of them are in developing countries. However, …
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Ghana is again seeking assistance from the International Monetary Fund (IMF) to enable the country to meet its payments to the rest of the world and restore the health of government finances. It is the second time in the past …
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A significant outcome of the global digital transition is those broadly accepted paradigms and implicit theories about how the world works are being antiquated faster than ever. A case in point is the African creator economy which has been instrumental …
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As a Senegalese entrepreneur, I can tell you what’s holding Africa back: the lack of affordable energy. We live on a continent where the average annual income is less than $2,000, and the majority of people rely on fossil fuels …
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The implementation of the African Continental Free Trade Area (AfCFTA) has the potential to revolutionize the continent’s economy and spur innovation. The primary goals of the AfCFTA, which has been signed by 54 African states, is to increase the amount …
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The Central Bank of Nigeria recently announced an increase in the interest rate, from 11.5% to 13%, a 1.5 percentage point hike that took effect immediately.
Whenever the Central Bank changes the monetary policy rate, otherwise known as the discount …
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Amidst upheavals related to the ongoing COVID-19 pandemic and the war in Ukraine, the 2022 World Economic Forum meeting of global leaders in Davos, Switzerland still managed to touch upon the topic of climate change. A high-profile discussion, led …
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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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