Notwithstanding Tanzania’s strong growth performance in 2019, its economy will also suffer the effects of the COVID-19 pandemic and global economic crisis, according to a World Bank report
Finance
Boosting sub-Saharan Africa’s economic growth and jobs
Sub-Saharan Africa’s policies should focus on increasing agricultural output and strengthening households’ ability to withstand shocks, crucial for reducing inequalities while boosting economic growth and jobs, according to International Monetary Fund (IMF)
Ecobank and Google to offer digital solutions to African SMEs
Ecobank Group has partnered with Google to help African SMEs equip with the necessary digital skills for the rapidly evolving business world
African equity capital markets activities see downward turn
African equity capital markets activities have seen a downward trajectory over the past three years as major economies in the continent are faced with fiscal challenges due to growing debt levels and slow economic growth, according to data presented by the PricewaterhouseCoopers (PwC) Nigeria 2019 African Capital Market Watch
Capital importation to Nigeria up by 53.97 per cent in Q1 2020
Capital importation, comprising Foreign Direct Investment (FDI), portfolio investments and other investments into Nigeria increased to US$5.9bn in Q1 from US$3.8bn in the Q4 2019