Africa ETP News
you are currently viewing::21st-Century Africa: Governance and GrowthJune 30, 2025-Will the 21st century witness a major push by African countries to catch up with their peers? Or will the continent, overall, continue to lag other regions? Twenty-five years later, Africa's aggregate progress reveals some advancements. Yet some of the endeavors identified as pivotal to accelerate progress at the century’s outset have fallen short. Much more needs to be done to mitigate conflicts, invest in people, bolster economic competitiveness, and reduce dependence on external financing. This sequel report, 21st-Century Africa: Governance and Growth, reexamines persistent barriers to development and explores emerging opportunities for the continent. It discusses policies that can help countries sustain inclusive green growth. Source: worldbank.org |
How Nigeria Can Unleash its Economic Potential
July 7, 2025--Increasing revenues, establishing an effective budget framework, and scaling up the cash transfer system can all support Nigeria's progress
Over the past two years, Nigeria-Africa's most populous country-has implemented difficult reforms to tackle long-standing obstacles weighing on the economy. While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges.
South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subdued
July 4, 2025-African Development Bank calls for strategic reforms to unlock South Africa's $3 trillion capital potential
South Africa's GDP growth declined to 0.6% in 2024 from 0.7% in 2023, underscoring the need for critical action and strategic reforms to unlock the country's vast capital resources and accelerate economic growth, the African Development Bank emphasized in its Country Focus report launched on Wednesday.
IMF Staff Completes 2025 Article IV Mission with Nigeria
July 2, 2025--The Nigerian authorities have implemented major reforms over the past two years which have improved macroeconomic stability and enhanced resilience. The authorities have removed costly fuel subsidies, stopped monetary financing of the fiscal deficit and improved the functioning of the foreign exchange market.
Investor confidence has strengthened, helping Nigeria successfully tap the Eurobond market and leading to a resumption of portfolio inflows.
Africa's Trade Projected to Hit $1.5 Trillion in 2025
July 1, 2025--Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028.
National stock exchange launched in Somalia
June 26, 2025-The National Securities Exchange of Somalia (NSES) held its formal launch on 19 June 2025, according to this report on Xinhua. A coalition of local investors and financial experts established the exchange and it will start by operating as a private, self-regulatory organization, according to a statement issued in Mogadishu. The Central Bank of Somalia has pledged full technical support with the aim of ensuring international best practices are followed.
East Africa's regional 20 share index
June 24, 2025-The National Securities Exchange of Somalia (NSES) is joining the Somali Stock Exchange as a member of the East African Securities Exchanges Association (EASEA), which brings together the exchanges of Kenya, Rwanda, Somalia, Tanzania, Uganda and Ethiopia, as well as Burundi when that exchange will be launched.
African Credit Rating Agency to Launch September 2025
June 16, 2025--The African Credit Rating Agency (AfCRA), a new privately owned credit rating body, is set to begin operations by September 2025
The agency is backed by private sector stakeholders across Africa, not governments, to ensure independence and credibility
African Economic Outlook 2025-Africa's short-term outlook resilient despite global economic and political headwinds
May 27, 2025--With the right policies, Africa has the potential to mobilize an additional $1.43 trillion in domestic resources from both tax and non-tax revenue sources, and curbing leakages.
Africa's economy is projected to increase from 3.3 percent growth in 2024 to 3.9 percent in 2025, reaching 4 percent in 2026, despite mounting geopolitical uncertainties and trade tensions, the African Development Bank Group said Tuesday in its flagship 2025 African Economic Outlook report.
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