Brexit

Nigeria emerges as Africa’s FDI hub of digital technology

Nigeria emerges as Africa’s top destination for foreign direct investment (FDI), having reportedly attracted over 30% of the FDI in the continent’s tech ecosystem and increasingly becoming the hub of digital technology in the continent. “The Nigeria tech ecosystem has attracted about $4.4billion investment between the year 2015, 2019 and 2020 respectively, and ICT contributing […]

‘Historical reversal’: World Bank warns of widening gap between poorest and wealthy nations

One-half of the world’s 75 poorest countries — more than half of whom are in Sub-Saharan Africa — are facing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, according to a new report released by the World Bank. The report unveiled this week […]

IMF highlights resilience of Moroccan economy against external shocks

The IMF welcomed the resilience of the Moroccan economy in 2023 despite external shocks and drought, noting that growth should improve to 3.5% in the medium term. “Economic growth has strengthened in 2023 thanks to the recovery in domestic demand and buoyant exports,” the IMF said in a statement the end of its Article IV […]