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Increasing mobile internet usage could add $795 billion to Africa’s GDP

Africa’s digital transformation is well underway, with mobile internet emerging as a significant catalyst for economic growth. A report by ‘The Economist Intelligence Unit’ estimates that expanded mobile internet use could contribute as much as $795 billion to the continent’s GDP. This opportunity aligns with the growing role of digital technology in Africa’s economic and […]

Car manufacturing, backbone of Morocco’s industrial development

The official opening of French car manufacturer PSA plant in Kenitra bolsters Morocco’s place as an African industrial hub offering international investors sound infrastructure, macro-economic and political stability, qualified work force and competitive ports. Morocco unseated South Africa last year from the top of the podium of African car producers. The North African country produced […]

AfDB pioneers carbon markets facility to propel climate finance

In a decisive stride towards climate resilience, the African Development Bank (AfDB) announced plans to establish a dedicated Carbon Markets Support Facility aimed at galvanizing carbon finance across Africa. Recognising the continent’s disproportionate vulnerability to climate change-induced disasters, this pioneering initiative seeks to unlock new streams of investment by formalizing and scaling carbon credit trading. […]