Economics
Economics
Zambia joins Botswana and DRC to become Commercial Sellers of their Commodities.
Zambia, like Botswana and the Democratic Republic of Congo, is trying to implement a new economic playbook, selling its commodities directly to buyers. Why is this important: The current revenue-sharing model, where mining rights are allocated to companies like First Quantum Minerals and Barrick Gold to operate the mines
Economics
Nigeria's Central Bank Settles Nearly $2 billion worth of FX Backlog
Nigeria's Central Bank has settled nearly $2 billion of outstanding foreign exchange liabilities including does due to foreign airlines. Why is this important: The recently elected government is keen to create an enabling environment and has taken bold steps to grow the economy through tough decisions like abolishing
Economics
Mauritania On Track To Triple Economy With Gas Exports
The International Monetary Fund (IMF) projects Mauritania's economic growth will triple in 2025, estimating a 5.1% growth in 2024 and a significant rise to 14.3% in 2025. Why is this important: The expected rise in economic growth is attributed to the first gas production and exports
Economics
Ghana Achieves Record Drop in Inflation Rate.
Ghana has recorded a record 19-month low in November's inflation rate, a rare feat for any African nation. Why is this important: The gradual reduction in the overall inflation rate to 26.4% in November 2023 compared to 35.2% in October 2023 is due to a