The World Bank warns that without new climate adaptation measures, Senegal could experience annual GDP losses of up to 9.4% by 2050 due to climate-related disasters. Senegal could see a 2% boost in ...

West Africa is the leading region for powdered milk imports in Africa. While demand for dairy products is growing in the area, developing local dairy industries remains a significant challenge. In ...

With over 90% of businesses in Africa’s food sector being micro, small, or medium enterprises (MSMEs), the report highlights the need to promote economies of scale and shared production tools. This ...

Nigeria is facing economic challenges driven by inflation and the devaluation of its currency, the naira. Economic growth has struggled to keep up with a fast-growing population, which has deepened ...

Kenya’s digital landscape is poised for continued expansion, with a focus on improving digital access across both urban and rural regions. Addressing infrastructure constraints and maintaining ...

The funds will primarily go toward settling loans provided by Ethiopia’s largest bank to several state-owned companies, including Ethiopia Electric Power, Ethiopian Sugar Corp, and Ethiopia Railway ...

In Côte d'Ivoire, the middle class's taste for wine shows no signs of slowing down. In this West African nation, one of the continent's fastest-growing economies, demand for the beverage keeps rising ...

The report emphasizes that gender equality is not just about fairness; it is also a crucial economic issue. If the gap between men and women were completely closed, the continent's GDP could increase ...

As Africa increasingly embraces digitalization, Ethiopia shows promising prospects for its digital economy, which analysts expect to grow significantly, positively impacting its GDP. Ethiopia's ...

Even though venture capital investments have slowed in Africa, sectors like fintech and renewable energy continue to draw significant funding. However, the ecosystem remains largely male-dominated. In ...

The Simandou iron ore deposit in Guinea is set to start production by the end of 2025, pending the completion of the railroad and port construction. However, operations at the Morébaya port site have ...

In September 2023, the United States announced a $150 million loan to Australia’s Syrah Resources, which operates Africa's largest graphite mine in Mozambique. The loan was contingent on meeting ...