According to World Bank, 29 out of 33 countries in the region with available data had inflation of over 5% in July, while 17 were in double digits. The number of countries in debt distress was little changed, while borrowing costs rose significantly.
18 million new Nigerians are projected to become telecom subscribers by 2025, as per GSMA, the global body for telecom. These younger generations of subscribers are expected to be more tech-savvy than the country has seen so far.
In this report, 26 African markets were studied and listed in order of their level of investment opportunities. About seven of these countries performed worse than last year.
The July summit explored a renewed commitment by both public and private sector stakeholders in building stronger U.S. and Africa trade, investment and commercial ties after slightly emerging from two years of unprecedented health and economic challenges. It was coordinated and organized by the Corporate Council on Africa (CCA).