The National Bureau of Statistics has reported that the country’s Gross Domestic Product increased by 4.03 percent in the third quarter of 2021. This is contained in its Gross Domestic Product Report Expenditure and Income Approach Read More
At the beginning of the year, the U.N.’s regional meteorology centre warned Southern Africa and island states near the Indian Ocean to brace up for torrents of tropical storms. True to these words, Read More
According to the latest figures from the National Bureau of Statistics, Nigeria’s Consumer Price Index rose to 15.92 percent in March 2022. This new figure was the highest the country has recorded since November 2021. In the Read More
Considered one of the fastest-growing industries in the pre-pandemic era, the tourism industry contributed US$9.2 trillion or 10.4%, to global GDP. Fast forward to 2022, and the industry is still struggling to recover from the Read More
The World Bank has estimated that the number of poor Nigerians is projected to hit 95.1 million in 2022. This projection is coming as the number of Nigerians falling below poverty line continued to increase since 2015, the Read More
Despite an exceptionally high deposit of natural resources, immense biodiversity and hydropower potential, the Democratic Republic of Congo(DRC) have the third-largest population living below poverty lines. Internal conflict, economic downtimes and the global hike Read More
The ongoing conflict between Russia and Ukraine is causing a rippling effect in countries across the globe especially developing economies that depend on oil and other produce supplies from both countries. Zimbabwe is one of Read More
In Mali, food production and economic stability heavily rely on the production and exportation of cotton, after gold which covers up to 72% of the country’s total exports. As one of the four top cotton Read More
A Bloomberg report has pegged Ghanaian cedis the worst-performing currency among Africa’s top currencies following its second depreciation in 2022. Ghanaian Cedis dropped by 8.86% to the dollar between January 1, 2022, and February 25, 2022, presently trading at ¢6.60 to Read More
A recent report by the Standard Bank Group has revealed five heavily indebted African countries on the verge of debt risks over the next two years as the era of pandemic-induced relief aid draws closer. Read More
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