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African Economies

Inflation, Debt, push African economies to the brink-IMF


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The International Monetary Fund has said inflation, debt, and forex crisis is pushing the Nigerian and other African economies to the brink. The Managing Director of the IMF, Kristalina Georgieva, disclosed this in an article titled,…

AfDB President warns African economies of inevitable global food crisis


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African economies have been advised to prepare for an inevitable global food crisis. The President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, made the call while speaking on Africa’s priorities at an…

African economies to rebound in 2021; AfDB projects 3.4% growth


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The African Development Bank (AfDB) has assured that Africa's coronavirus-ravaged economies will bounce back, projecting a 3.4%  growth in 2021 and 2.4% progress in 2022. According to the AfricanEconomicOutlook2021, Africa's…