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Economy

 

news by category: Economy

Found 86 articles.

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Alarms sound on debt, inflation and food

International financial institutions warn that economic dislocation from Moscow's war on Ukraine could trigger social upheaval on the continent

Senior officials in the UN and other international agencies have been ratcheting up their analyses of the damage to Africa's economies following Russia's invasion of Ukraine. Ahunn...


Looking for funds as war disrupts trade

Food and fuel prices are undermining the region’s slow recovery from the pandemic, but commercial investment in farms and fin-tech is growing

Hit by surging food and fuel prices together with mounting debt service obligations, African finance ministers and central bankers will be pressing international financial institut...


Pandemic hit to growth and trade fuels instability

Recoveries in Africa and South Asia are lagging behind industrial economies in what the IMF calls a dangerous divergence

Several African economies could still take years to recover from the loss in GDP suffered from the Covid-19 pandemic in 2020, according to the latest World Bank data.

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A slow road to recovery

The region’s economies on average will lose over 5% of output by 2024 relative to pre-pandemic trends, according to the IMF

Twenty months since Covid-19 first disrupted the global economy, the outlook for Africa's economies remains subdued. The upgrades by the International Monetary Fund (IMF) and World...


Going to market

Rwanda became the latest African sovereign to benefit from money markets issuing US$620 million of international bonds on 2 August. The sale, only the second by Rwanda, at an inter...


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...


Displaying 1-10 out of 86 results.