Tag: Africa

Several Sub-Saharan African economies are expected to post weak or even negative growth in 2026, highlighting persistent structural challenges despite stronger performance elsewhere on the continent, according to projections from the International Monetary Fund.

A group of African economies is set to post some of the world’s strongest growth rates in 2026, led by Ethiopia and Guinea, as investment, reforms and resource exports drive momentum across the continent, according to projections from the International Monetary Fund.

In today’s digital-first world, banks are not just competing in financial markets; they are also competing for attention online.

Africa’s copper sector continues to shape global supply chains, with the Democratic Republic of the Congo (DRC), Zambia, South Africa and Namibia emerging as the continent’s most important exporters of the red metal.

Nigeria, Africa’s most populous nation, is now giving birth to more babies each year than all of Europe plus Russia combined, a milestone that reflects profound global demographic change.

New projections made about Africa’s economic story in 2026 are based on nominal GDP estimates that place a familiar group of countries at the top, but the deeper story lies in why these economies are leading and what it signals about Africa’s future growth path.

From casual hellos between friends to formal exchanges at family gatherings, cheek kissing remains one of the most recognisable and misunderstood forms of greeting worldwide.

Recent figures show that countries such as Spain, France, and the Netherlands are now among some of Nigeria’s most important export destinations, reflecting shifts in global energy demand, geopolitical pressures, and the search for more stable supply routes.

While wealthy nations are pouring billions into solar, wind, and green hydrogen, many less industrialised countries already generate the majority of their electricity from renewable sources.

The world’s demographic map is changing rapidly, and the shift is most visible in Africa. Several African countries are set to experience extraordinary population growth by 2050, while other regions of the world will expand more slowly or even begin to decline.

In 2024, diaspora remittances surged to unprecedented levels, serving as a crucial element in Africa’s economic strength.

Mobile phones have evolved far beyond their original function in today's rapidly digitising world. These devices now serve as their primary connection to financial services for millions, especially across parts of Africa and Southeast Asia.

Once reigning across vast landscapes of Africa, Asia, and parts of Europe, wild lions have seen a devastating drop in population over the past century.

​According to data from Worldometer, the global population significantly increased in 2024, reaching approximately 8.16 billion by the end of the year. This represents an increase of about 70.24 million people from the previous year, reflecting a growth rate of 0.87%.​

The recent decision by the Trump administration to dismantle the U.S. Agency for International Development (USAID) has affected countries that have been primary beneficiaries of U.S. foreign assistance.

The year 2024 has witnessed a remarkable surge in cryptocurrency ownership across the globe.

Like many regions globally, Africa is home to some of the world's wealthiest individuals, whose fortunes span various industries from cement and telecommunications to luxury goods and mining.

With the growing unemployment rates due to the state of the global economy, it has only become common for individuals to start businesses.

The International Monetary Fund (IMF) has released its latest projections for the largest economies in Africa for 2024.