Having witnessed its worst recession in half a century in 2020, Africa’s economy is forecast to grow at a healthy pace of 3.8% in 2021, driven by rising global demand as restrictions are eased, untapped market opportunities, a rebound in commodity prices, and a rise in oil prices, according to GlobalData
Economy
UN to support gender mainstreaming in government ministries

The partnership aims to advance the rights of women and girls and to accelerate gender equality. (Image source: Adobe Stock)
The UN in Sierra Leone has signed an MoU with the Ministry of Gender and Children’s Affairs on July 30, to support mainstreaming gender in government Ministries
Nigerian economic survey shows economic insights
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Long-standing issues plaguing the monetary sector will have to be addressed for the recovery to gain real traction. (Image source: Adobe Stock)
Nigeria is showing improvement in boosting up its economy, however, there are numerous factors that could potentially derail this recovery, analysed NKC African Economics, an Oxford Economics company
Ecobank Group and Microsoft upskill Africa’s SMEs
Ecobank is set to help SMEs reach their full potential and play a vital role in driving Africa’s economic resurgence. (Image source: Adobe Stock)
Pan-African banking group Ecobank Group, in partnership with Microsoft, LinkedIn, GitHub and Ecobank Academy, is set to provide training to equip Small and Medium-sized Enterprises (SMEs) across sub-Saharan Africa
Lesotho: African Development Fund extends US$4.25mn loan

Lesotho Revenue Authority will provide digital tax services to broaden the country’s tax base and boost government revenue. (Image source: Adobe Stock)
The Board of Directors of the African Development Bank Group has approved a loan of US$4.25mn to the Lesotho Revenue Authority to provide digital tax services, including e-taxation and e-payment, that will broaden the country’s tax base and boost government revenue