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.
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 driving growth through its robust currency and improved macroeconomic circumstances.
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.
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.
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.
Despite global uncertainty, many African countries are experiencing robust economic growth, with Rwanda, Mauritania, and Côte d'Ivoire leading the pack.
GTBank's switch to a new core banking platform, Finacle, has been marred by technical issues, leaving customers frustrated and in the dark.
World Bank's Africa Pulse report reveals 10 African countries with slowest GDP growth, citing conflict, mismanagement, and global headwinds.
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