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news by category: Economy

Found 81 articles.

Displaying 1-10 out of 81 results.

Forecasts fail to lift the gloom

Growth predictions have risen, but Covid-19 will have a devastating impact on Africa's economy, health and education

The International Monetary Fund (IMF) and World Bank upped their forecasts for sub-Saharan Africa's growth at their 2021 Spring Meetings, but the economic impact from Covid-19 is s...


Much to be modest about

The economy is in slightly better shape than feared months ago but faces a toxic combination of unemployment and inflation

President Muhammadu Buhari and Nigeria's economy policymakers will certainly welcome the modest improvement in the country's economic outlook. According to the Yemi Kale-led Nation...


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More debt to tread water

Although it's campaigning for debt relief, the AfFB is more upbeat than the other multilaterals on the continent's prospects for recovery this year

Africa will recover from its worst recession in half a century and reach growth of 3.4% in 2021, but long-term structural damage to the continent's economies is inevitable. That wa...

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Governments face a multi-speed rebound

Hit by capital flight and an investment drought, the continent's more diversified economies will bounce back faster from the pandemic

Struggling with the first continent-wide recession for 25 years, Africa's economies will barely keep pace on average with the tempo of the global growth recovery this year as the i...


Pandemics stunt your growth

Africa may have dodged a bullet on the Covid-19 health front but most of the economies are in intensive care

One year after the International Monetary Fund predicted that sub-Saharan Africa's economies could expand on average by over 3% this year, the economic outlook is far worse. At las...


Doubts over post-slump bounce

Financial institutions share a baleful view of the pandemic’s damage to Africa’s economies, some doubling their estimates for lost growth

Economists in the international financial institutions have been updating their assessments of the damage the lockdown and pandemic are having on African economies on a weekly basi...


Rose-tinted budgets

Finance ministers promise economic growth and increased tax collection. But that doesn’t square with the reality

Optimism appears to be the name of the game as treasury ministers from Kenya, Tanzania and Uganda followed the recent practice of coordinating their 2020/21 budgets ahead of the ne...


AU pushes Africa bonds

Finance ministers and economists at the African Union are winning support to restructure the continent's official and commercial debt

Radical measures for a restructuring of Africa's commercial debt and the cancellation of some official debt are under way after the offer of a limited standstill on bilateral payme...


Hard bargaining ahead on debt and public health

Inward-looking industrialised countries are making few concessions as pandemic bites harder across Africa

Backed by forecasts from the World Bank and UN agencies of a deep recession, African finance ministers are to push next week for a coordinated response on public health funding, ec...


Displaying 1-10 out of 81 results.