Tag Africa

Africa’s Urban Boom to Hit 1.4 billion by 2050

AFRICA’S urban population is on course to double by 2050, rising from the current 700 million to an estimated 1.4 billion, according to a new report released early March. This surge will position Africa as the second-most urbanised region in the world, following Asia.…

Africa’s Urban Boom to Hit 1.4billion by 2050

AFRICA’S urban population is on course to double by 2050, rising from the current 700 million to an estimated 1.4 billion, according to a new report released early March. This surge will position Africa as the second-most urbanised region in the world, following Asia.…

Africa’s GDP Growth Set to Rebound in 2025

AFRICA’S economic growth is projected to bounce back over the next two years, with gross domestic product (GDP) expected to rise by 3.8 percent in 2025 and 4.1 percent in 2026. This is according to the latest report released by…

Africa’s top 9 Travel Hotspots in 2024

AFRICA continues to attract millions of visitors eager to explore its diverse landscapes, rich history, and vibrant cultures. From the ancient pyramids of Egypt to the bustling souks of Morocco and the breathtaking safaris of Kenya, the continent offers unparalleled…

Africa’s Luxury Market Booms As global Demand Slows

AS global luxury spending contracts, Africa is emerging as a key market, attracting top brands and outpacing international peers in growth. While the global luxury consumer base has shrunk by 50 million people over the past two years, Africa is…

2024 Finance App Boom Fuelling Growth

SUB-SAHARAN Africa is witnessing an impressive surge in finance app usage as the region steadily recovers from recent economic instability. In their latest report, The State of App Marketing in Sub-Saharan Africa, AppsFlyer and Google have conducted a comprehensive analysis of the…

Africa to Launch Own Credit Rating Agency In June

AFRICA is is set to launch its own credit rating agency, the Africa Credit Rating Agency (AfCRA), in June, marking a major step towards financial independence and fairer credit assessments. The initiative, backed by the African Union (AU), aims to counter…

Africa’s Growth Outlook Brightens, But Risks Remain

AFRICA’S economic growth is expected to gain momentum in 2025, but lingering vulnerabilities pose significant risks, according to the 2025 Macroeconomic Performance and Outlook (MEO) report by the African Development Bank (AfDB). The report, launched at the 38th Ordinary Session of the…

Unlocking Africa’s $3.4 trillion Trade Potential

INTRA-AFRICAN trade represents one of the continent’s most significant untapped opportunities. Despite Africa’s vast resources and growing markets, only 16 percent of its total exports are traded within the continent. This figure highlights a critical gap in economic integration and…

Africa Urged To Process Minerals Locally For Growth

AT the Investing in Africa Mining Indaba in Cape Town, African leaders and industry experts emphasised the urgent need to process the continent’s minerals locally instead of continuing to export raw resources. The push for local beneficiation comes amid global economic shifts,…