First Independent Mena Newspaper
African exports to the United States are projected to drop by as much as 21.5% as new U.S. tariffs take effect, according to joint research by the Economic Commission for Africa (ECA), African Union Commission (AUC), and African Development Bank (AfDB). The protectionist move, part of a broader trade policy under President Donald Trump, has […]
African countries are expected to post the highest growth rates this year globally, said the Economic Commission for Africa (ECA), a UN agency. Niger, Senegal, Côte d’Ivoire, DRC, and Rwanda are expected to be world’s top growth performers, according to an ECA report. Niger and Senegal, in particular, are expected start reaping the benefits of […]
The United Nations Economic Commission for Africa is concerned about the alarming decline in remittances from African Diaspora. With the global economic crisis, these Diasporas are sending less money to their countries of origin. This year, the decline is expected to reach 21% or $18 billion less than in 2019. The anti-poverty organization ONE and […]
The containment imposed to limit the spread of COVID-19 costs Africa 2.5% of its GDP, equivalent to $65.7 billion per month, the Economic Commission for Africa (ECA) revealed in a report. Private companies approached by the authors of the report say they are working at only 43% of their potential. These estimates do not take […]
More than 300,000 Africans could lose their life to Covid-19 if the continent does not receive the adequate protection, warns the UN Economic Commission for Africa (ECA). In a report released this Friday, the ECA says Africa’s fragile health systems could see additional costs being imposed on them because of the coronavirus pandemic, which so […]
African Finance Ministers have called for a coordinated COVID-19 response to mitigate the adverse impact of the pandemic on economies and society, noting that Africa needs an immediate emergency economic stimulus of $100 billion. The ministers, who met on 19 March in a virtual conference to exchange ideas on the efforts of their respective governments […]
The Economic Commission for Africa (ECA) has joined the continent’s journalists to celebrate World Press Freedom Day, emphasizing the important role of the media in facilitating free and fair electoral processes in Africa and pushing forward democratic processes. The event, hosted this year by Ethiopia, features various activities to mark the day and also assess […]
Delegates of African countries have voted for Morocco to lead the African Regional Forum on Sustainable Development (ARFSD) during the 5th meeting of this regional body convening in Marrakech April 16-18 under the theme: “Empowering people and ensuring inclusiveness and equality”. The North African Kingdom will chair ARFSD for one year and will be responsible […]
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 […]
Morocco believes in the potential for increased trade on the African continent and co-development in various sectors, said Monday evening in Marrakech, Moroccan Minister of Economy and Finance, Mohamed Benchaaboun. “We have already conducted major operations with several African countries in the areas of services, including financial services (banking and insurance), as well as telecommunications […]