IMF-Boosting Growth and Prosperity in South Africa

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IMF-Boosting Growth and Prosperity in South Africa

March 10, 2025-Summary
Improving the business environment, strengthening governance, and reforming the labor market are among the keys to economic success
South Africa is well-positioned to confront significant longstanding challenges that have been holding the economy back: declining real per-capital income, persistent unemployment, pervasive poverty, and one of the highest inequality rates in the world.

These outcomes reflect deepening structural rigidities and governance weaknesses, evidenced by the negative contribution of Total Factor Productivity to growth over the past 15 years.

A new Government of National Unity, in power since June 2024, has committed to tackle these challenges by providing new impetus to the ongoing structural reforms initiated in 2020.

Source: imf.org

IMF Staff Country Report-West African Economic and Monetary Union: Staff Report on Common Policies for Member Countries

May 19, 2025--Summary
Economic growth continues to be strong in the WAEMU, while inflation has fallen back to its target range. An appropriately tight monetary policy, along with progress in reducing external imbalances, is supporting a strong recovery in reserves back above the lower end of the adequacy range. However, there is significant divergence among WAEMU member states in macroeconomic performance, policies, and resilience.

Economic Growth is Speeding Up in Africa, but Uncertainty Clouds Outlook

April 23, 2025--Economic growth in Sub-Saharan Africa is showing some resilience despite uncertainty in the global economy and restricted fiscal space. Regional growth is expected to reach 3.5% in 2025 and further accelerate to 4.3% in 2026-2027. This growth is mainly due to increased private consumption and investments as inflation cools down and currencies stabilize.

Africa's Opportunity in a Fragmenting Global Economy

April 9, 2025--The global trade landscape is shifting dramatically. With the U.S. imposing new tariffs on key imports with countries already planning retaliation, the world is edging deeper into a long-term trade war. This is not just a bilateral dispute. It signals the acceleration of a broader move away from open globalisation toward protectionism and economic nationalism.

Nigeria: Investors Lose N91bn As Nigerian Exchange Opens Bearish

April 3, 2025-"What we witnessed today was an alignment of portfolios by dividend-seeking investors."

The stock market on Wednesday opened the week bearish as performance indices declined by 0.14 per cent.

Africa's Debt Crisis Under-Reported-AFRODAD

March 30, 2025-AFRICAN Forum and Network on Debt and Development (AFRODAD) Executive Director Jason Braganza has expressed concern over how challenges arising from debt servicing to international monetary facilities by African countries are going unreported due to lack of information and statistics among other challenges.

Africa's Digital Payments Economy to Reach $1.5trn By 2030-Report

March 27, 2025-A recent Mastercard-commissioned report by Genesis Analytics has stated that the digital payments economy in Africa would continue to grow, with a projection that is expected to reach $1.5 trillion by 2030.

Bitcoin Price Trends and the Future of Digital Transactions in Africa

March 24, 2025--There's an increasing acceptance of Bitcoin on the African continent. More businesses, individuals and even financial organizations are using cryptocurrency to transact as an alternative to traditional banking systems.
With the economies of the continent experiencing a lot of currency instability, poor banking infrastructure and exorbitantly priced remittances, Bitcoin is coming up as a viable solution financially.

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