Tags : African economy

EU Launches Investment Deals In Africa To Rival China’s Dominance

The European Commission President Ursula von der Leyen has announced the launch of a new investment package worth €150 billion ($169.67bn) for Africa, in a bid to create an alternative to Chinese loans and investments that the continent has relied on for some time now. Leyen at the news conference in Dakar with Senegalese President […]Read More

Africa’s Cannabis Industry Projected To Value At $7 Billion By

A new analysis has projected Africa’s cannabis industry to grow beyond a valuation of $7 billion by 2023 due to increasing demand and legalization of the plant across the continent. Danie Nel, the Chief Executive Officer of South African pharmaceutical company Afriplex, confirmed the immense potential of the cannabis industry to the continent’s economy, from […]Read More

AFCON 2021: Cameroon Businesses Record Growth In Revenue

35-year-old Frederic Issa is a shoe cobbler in Yaounde. For the CAF games, Issa switched to the cab-hailing business with the belief it´s a profitable business now that the games have started. Tens of thousands of fans are visiting Cameroon to cheer their national teams, and with that comes the potential of an economic boost […]Read More

Which Are The Weakest Currencies In Africa?

Africa’s economy like the rest of the world continues to face prolonged depression due to the breakdown in much-needed commerce as a result of the ongoing Covid-19 pandemic. Some countries have devalued their currencies in order to foster economic growth, but this has not done much good. A weakened currency… You must be registered to […]Read More