Africa's Diesel Prices: A Threat to Economic Growth?
Rising diesel prices in Africa may hinder economic growth, affecting industries like manufacturing, transportation, and agriculture.
Economy
Big 5 Lead Private Deal Inflows to Africa
Ghana solidifies its position as a new entrant in Africa's 'Big 5' private capital destinations, driving growth in startup funding and private equity deals.
Côte d'Ivoire's Economy Gets a Boost: S&P Global Upgrades Sovereign Rating to BB
Côte d'Ivoire's economy has been upgraded to BB by S&P Global, driven by its thriving cocoa market, stable prices, and increased oil and gas output. This upgrade indicates less vulnerability in the near-term and paves the way for increased investment and growth.
African Economies Face Slower-Than-Expected Growth in 2024
The World Bank's revised economic forecast for Africa predicts slower-than-expected growth in 2024, with Equatorial Guinea having the lowest economic forecast. The slowdown is attributed to internal and external socio-economic and political complications.
East Africa Leads Economic Recovery in Africa, with Kenya at the Forefront
East Africa leads economic recovery in Africa, with Kenya driving growth through its robust currency and improved macroeconomic circumstances.
Borrowing Set to Increase in Ghana, Nigeria, and Uganda Amidst Budget Deficits
Ghana, Nigeria, and Uganda are expected to face significant budget deficits in 2025, leading to increased borrowing and potential implications for the tech and startup community.
How Hurricane Helene scrambled the election in North Carolina
Hurricane Helene's devastating impact on North Carolina's election infrastructure raises concerns about voter turnout in a crucial battleground state, with officials scrambling to ensure a smooth voting process.
Inflation Woes to Linger in Africa and Middle East, IMF Warns
The IMF warns of lingering inflation woes in Africa and the Middle East, citing double-digit price increases in many countries, with significant implications for startups and entrepreneurs in the region.
African Economies Show Resilience Amidst Global Uncertainty
Despite global uncertainty, many African countries are experiencing robust economic growth, with Rwanda, Mauritania, and Côte d'Ivoire leading the pack.