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Nigeria’s inflation rate increased by 0.22 percent to 15.92 percent in March 2022. We can attribute the increase in the prices of goods and commodities to the rise in the consumer price index (CPI). Still, the fluctuating exchange rate also …
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In November, the world watched as leaders gathered at COP26 in Glasgow to discuss climate change. A popular theme throughout the conference was that of green growth in Africa. African countries have been under pressure, usually from Western leaders, to …
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Living standards “are likely to be set back a decade and tens of millions of people … could be pushed into extreme poverty,” according to the World Bank’s January 2021 Global Economic Prospects. The Bank points out that growth …
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Beyond the laudable efforts to clampdown on corruption, and the uncompromising state-led interventionist policies to improve their economies, many experts have observed that Rwanda and Tanzania may be overstating various economic indicators in an effort to omit certain inconvenient truths …
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Africa remains an enigmatic paradox: a continent rich in mineral resources yet so desperately poor. But the paradox is only superficial: Africa is poor because she is not free.
Only 10 of the 54 African countries can be labeled economic …
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Each year, I construct a Misery Index. The idea of such an index to measure economic misery was introduced by economist Art Okun in the 1960s as a way to provide President Lyndon Johnson with an easily digestible snapshot of …
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After peacefully electing President Emmerson Mnangagwa in July, many had hoped the Zimbabwe would emerge from turmoil and return to prosperity. Instead, the country appears to be imploding since the new Finance Minister introduced a raft of measures aimed at …
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Many years ago, the brilliant Lucius Banda had a lamenting line in one of his haunting songs, in which he mimics an Asian boast: dziko ndi wanu, ndalama ndi wathu (you, Malawians, own the country but we, Asians, have the …
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China’s footprints are all over the African continent, signing deals with many countries. However, the finer details of China-Africa loans are often kept secret. There are concerns that African countries are mortgaging their natural resources as collateral for the loans. …
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Economic diversification and investment-driven growth have continued to make East Africa the region with the strongest economic growth on the continent, the latest report from the Institute of Chartered Accountants in England and Wales (ICAEW) has disclosed.
According to the …
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