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 […]
Tag: digital technology
Six megatrends that are forging mid-21st century Africa — USAID/BCG report
There are six megatrends in Africa that, if navigated successfully, could help in advancing the continent’s social and economic progress, a research funded by the USAID Mission to the African Union and conducted by Boston Consulting Group (BCG) has found. The world has seen many emerging economies parlay their young populations and entrepreneurial spirit into […]
African Finance Ministers see need for more public investments
African ministers of finance, planning and economic development underscored in Marrakech the need for diversifying public revenue with a view to promoting public investments in the social and economic areas. This came in the closing statement of the 52nd Session of the Economic Commission for Africa’s (ECA) Conference of African Ministers of Finance, Planning and […]
World Bank Approves New Partnership Frame with Morocco, Investing in People & Economic Transformation
The World Bank Group’s Board of Executive Directors has approved a new Country Partnership Framework (CPF) with Morocco, which will guide the financial and technical assistance program over the next six years, as well as a $700 million project to promote the country’s digital technology. According to the WB, the North African Kingdom is at […]



