Africa ETP News
you are currently viewing::South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subduedJuly 4, 2025-African Development Bank calls for strategic reforms to unlock South Africa's $3 trillion capital potential
The report titled 'Making South Africa's Capital Work Better for its Development' comes amid global challenges, geopolitical tensions, conflicts, and political instability in several countries across the continent. The report highlights that South Africa's economic growth remains sluggish, with GDP declining to 0.6% in 2024 from 0.7% in 2023. It attributes this slowdown to persistent power outages, the severe impact of drought on agriculture, and weaknesses in the transport and logistics sectors. Source: afdb.org |
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.
