Africa needs a “reset” in its economic aspirations, the IMF says. Growth spurts linked to public spending binges and the China-fueled commodities boom that fizzled about a decade ago can’t deliver the broad prosperity African economies need. Continue reading Africa hits a growth wall
Ethiopia, Nigeria, Uganda and other African economies are bouncing back from the shocks of tariff increases and foreign aid cuts by the Trump Administration. Growth in 2025 will be stronger than expected six months ago. Continue reading Africa rebounds from aid and tariff shocks
Africa’s debt load is stirring resentment that perceptions of high credit risk are inflating borrowing costs. Countries like Kenya are struggling to allocate funds for essential services due to the scale of debt repayments. A top economist in West Africa looks deeper into this debt drama. Continue reading Africa’s debt sparks backlash
Senegal’s economy is among Africa’s top performers due to offshore oil and gas discoveries and onshore cultural output, mining and agribusiness. The country’s young leader is reshaping relations with France, insisting on fiscal transparency and promoting Senegal to American investors as persistent poverty drives migration. Continue reading Senegal rides wave of confidence
