AFRICA’S economy is projected to expand by 3.9 percent in 2025, rising further to 4 percent in 2026, despite mounting global uncertainties, inflationary pressures, and trade disruptions, according to the African Development Bank Group (AfDB) in its 2025 African Economic Outlook (AEO) released Tuesday. Unveiled during the Bank’s Annual Meetings in Abidjan, Côte d’Ivoire, …
Read More »
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. The report, Africa’s Urbanisation Dynamics 2025, jointly published by the Organisation …
Read More »
THE African Development Bank Group has approved a loan of $500m to the Federal Government to finance the first phase of the Economic Governance and Energy Transition Support Programme. EGET-SP is an initiative aimed at accelerating the transformation of the country’s electricity infrastructure and improving access to cleaner sources of …
Read More »
