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<p>The long term effect of HIV both on a macro and micro economic level has been noted to have an effect on the Gross domestic product (GDP) of countries with high prevalence rates – in fact having a negative effect of between 0.5 and 1.7 per cent on their per capita GDPs. CNBC Africa&#8217;s Arnold Kwizera spoke to Board Chair of Global Fund, Donald Kaberuka for more.</p>


Global Fund Chair Kaberuka assesses the impact of HIV on African economies

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<p>Nigeria’s Senate has passed the record N10.59 trillion 2020 budget. The budget passed by Nigeria&#8217;s parliament assumes a deficit of 1.52 per cent of the estimated Gross domestic product (GDP) – representing about N2.18 trillion to be financed through foreign and domestic borrowing. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa to unpack the budget.</p>


Nigeria’s Senate passes record N10.59tn 2020 budget

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<p>The macroenomics impact of HIV/AIDS in Africa has seen a 1.4 per cent net effect on the Gross domestic product (GDP) of Sub Saharan countries with small households the most affected. CNBC Africa&#8217;s Arnold Kwizera sat down with SRH/HIV Advisor at United Nations Population Fund (UNFPA) regional office, Innocent Meodisaotsile for more.</p>


The impact of HIV and AIDS on African economies

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<p>The rand took a battering against the dollar after South Africa’s Q3 GDP statistics showed a 0.6 per cent quarter over quarter contraction including key sectors such as mining, manufacturing and transport. Are we likely to revise down the already pitiful growth target of 0.5 per cent for 2019? And do we as South African’s fixate on single data points at the risk of not seeing the bigger picture? Graeme Korner, Director at Korner Perspective and Lullu Krugel, PwC Partner, Strategy &#038; and Chief Economist join CNBC Africa for more.</p>


SA economy contracts by 0.6% in third quarter

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<p>At the ongoing Kigali Audio Visual Forum, the government of Rwanda said they are in the process of establishing the Rwanda Film Office project to attract film production activities and development of audio-visual start-ups in the country. CNBC Africa’s Zwena Bachoo caught up with actor, Jimmy Jean Louis to understand the impact the creative industry could have on the Gross domestic product.</p>


Audio Visual Forum: Actor Jimmy Jean Louis shares his acting experiences

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<p>A new McKinsey Global Institute report on &#8216;The power of parity: Advancing women’s equality in Africa&#8217; finds that accelerating progress towards parity could boost African economies by the equivalent of 10 per cent of their collective GDP by 2025. It also states that if Africa continues on the current pace – where there is progress in some countries and stagnation in others – it will take 142 years to achieve a fair proportion of men and women in different fields. Lohini Moodley, Partner at McKinsey &#038; Company joins CNBC Africa for more.</p>


McKinsey report: Africa could take 140 years to achieve gender parity

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<p>The Central Bank of Nigeria (CBN) says gross credit to the manufacturing sector was N459.69 billion between the end of May and end of October this year. The inflow credited to the Apex Bank’s recent policy on loan-to-deposit ratio. Meanwhile, the Real GDP growth in Nigeria’s manufacturing sector was 1.1 per cent year on year in the third quarter of the year. President of Manufacturers Association of Nigeria (MAN), Mansur Ahmed joins CNBC Africa to discuss this story.</p>


Nigeria’s manufacturing sector receives N459.69bn boost


<p>JOHANNESBURG (Reuters) &#8211; South Africa faces a prolonged period of weak economic growth marked by rising unemployment, inequality and greater credit-rating risk if the government does not act fast to implement reforms, the International Monetary Fund (IMF) said on Monday.</p>



<p>“The FY20/21 budget to be presented in February should articulate measures to address fiscal and SOE challenges and stabilize government debt,” the global lender said in statement at the conclusion of a 2-week, Article IV visit to the country.</p>



<p>“Failure to implement the needed adjustment in government and SOE (state-owned entities) spending and efficiency will worsen debt dynamics, erode financial stability, and further raise the country risk premium.”</p>



<p>Reporting by Mfuneko Toyana; Editing by Mark Heinrich</p>


IMF says South Africa at risk if economic reforms don’t materialise fast

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<p>Nigeria’s equities market closed positive for the fourth straight session this week, this comes as the National Bureau of Statistics (NBS) says Nigeria&#8217;s Gross domestic product (GDP) grew by 2.28 per cent in the third quarter. Portfolio Manager at Cordros Asset Management, Christian Ezeagu joins CNBC Africa to unpack the GDP report and activities at the equities market.</p>


Nigerian equities continue positive momentum as Q3 GDP hits 2.8%

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<p>Kenya&#8217;s National Treasury has asked lawmakers to approve an increase in spending, despite earlier plans for significant budget cuts. Now the Treasury has raised its budget-deficit forecast for the year until June to 6.3 per cent of Gross domestic product (GDP) making it the third revision of the gap. For more on the country&#8217;s new supplementary budget, Journalist, Joseph Bonyo joins CNBC Africa.</p>


Key takeaways from acting finmin Ukur Yatani’s supplementary budget


<p>By
Dr. Jennifer Blanke</p>



<div class="wp-block-image"><figure class="aligncenter is-resized"><img loading="lazy" decoding="async" src="https://www.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-683x1024.jpg" alt="In much of Africa, 60% or more of the working population is employed in agriculture. And yet agriculture only contributes about one quarter of Africa’s GDP, with the continent mainly producing and exporting raw products and importing significant amounts of processed food." class="wp-image-349733" width="574" height="861" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-683x1024.jpg 683w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-200x300.jpg 200w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-768x1152.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-696x1044.jpg 696w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-1068x1602.jpg 1068w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB-280x420.jpg 280w, https://cms.cnbcafrica.com/wp-content/uploads/2019/11/Jennifer-AfDB.jpg 1365w" sizes="(max-width: 574px) 100vw, 574px" /></figure></div>



<p>This week, business leaders, project developers, development finance professionals, institutional investors representing pension and sovereign wealth funds, as well as policymakers meet in Johannesburg for the second Africa Investment Forum convened by the African Development Bank. </p>



<p>The Forum is an innovative marketplace&nbsp;&#8211; dedicated to
moving development ideas and projects to bankability, to mobilizing capital,
and to accelerating the financial closure of deals that can improve the lives
of millions of people. Among other things, the Africa Investment Forum has the
potential to accelerate Africa’s agricultural transformation.</p>



<p>In much of Africa,
60% or more of the working population is employed in agriculture. And yet
agriculture only contributes about one quarter of Africa’s GDP, with the
continent mainly producing and exporting raw products and importing significant
amounts of processed food. The sector punches below its weight. And yet there
is huge potential for income and job creation if Africa can increase productivity
and move up the value chain to produce more, higher value-added, processed
food. </p>



<p>The bottom line is
that African agriculture must move from being a “way of life” to a resilient,
sustainable business sector that creates prosperity, jobs, as well as improves
incomes and livelihoods of rural people. The Africa Investment Forum convenes
players in the agriculture and agribusiness sector who come together to roll up
their sleeves and explore business and investment opportunities. The Forum’s concrete
“boardroom discussions” connect investment projects with investors. It brings
together entrepreneurs, project developers and investors interested in
agriculture to make deals. </p>



<p>Last year’s Africa Investment
Forum saw nearly 2,000 participants from 87 nations gather to discuss more than
$46 billion-worth of boardroom deals. One of the highlights was a transaction
involving Ghana Cocoa Board, designed to help Ghana’s cocoa sector – which
employs some 800,000 farm families, producing crops worth about $2 billion in
foreign exchange annually. The presence of Ghana’s Head of State, H.E. Nana
Akufo-Addo, in the boardroom session galvanized investor interest in a sector
so important for Ghana, one of the world’s top cocoa exporters. </p>



<p>This year, Ghana’s Cocoa Board
returns to the Forum to sign a Facility Agreement for a $600 million syndicated
receivables-backed term loan aimed at enhancing Ghana’s cocoa productivity. The investment deal – also involving Credit Suisse as well as
Industrial and Commercial Bank of China Limited &#8211; was born out of the Africa
Investment Forum.</p>



<p>This
year’s Forum will also see a focus on Special Agro-Industrial Processing Zones,
or SAPZs. There&nbsp; is often little
investment interest in Africa’s rural areas, due to a lack of transport, energy
and other critical infrastructure. SAPZs are a solution to connect rural areas
to regional and global supply chains, so that
they can produce higher value-added processed goods in areas of higher agricultural
productivity. SAPZs gather most or all the elements of an agricultural value
chain in one area: from farm to fork. Aside from attracting investment, SAPZs
are also important from a development perspective because that they help to
raise rural incomes and create job opportunities for Africa’s surging youth
population. </p>



<p>When
properly designed and well executed, SAPZs are powerful tools toward removing
barriers to access to technology, infrastructure and resources to Africa’s
industrialization. By increasing the transformation of products like cotton,
cashew nuts, cocoa and livestock, for example, SAPZs have the potential to
improve Africa’s overall trade balance. Many African countries have committed
to integrating SAPZs in their national development strategies – the Africa
Investment Forum will showcase SAPZ plans out of Benin, Chad, Ethiopia, Gabon,
Senegal, South Africa, and Togo.&nbsp;</p>



<p>The
Bank provides support to attract investors in the agro processing space via
fiscal, regulatory, and infrastructure incentives.&nbsp;To make the
concentrated, all-in-one-place SAPZ activity work smoothly, innovative
companies pursuing SAPZs in Africa need investors. </p>



<p>Investor
opportunity abounds, boosted by prospects of an integrated African market via the Continental Free Trade
Agreement (AfCFTA),
which promises to usher in the economies of
scale needed for SAPZ-produced
or processed goods to participate in strong
regional agriculture value chains catering to &nbsp;a population of more than a billion people with
a combined GDP of $3.4 trillion. This
can then provide a springboard to global markets. &nbsp;</p>



<p>We
see this vision for Ethiopia, a nation embracing the SAPZ concept with support
from African Development Bank and other partners, to promote the advancement of
Ethiopian crops like oilseed, wheat and maize, beef and dairy livestock and of
course, its world-famous coffee. With SAPZ projects launched in Ethiopia, the
impact is expected to translate into $1.5 billion in private sector investment
and the creation of 400,000 jobs – with 70% of them targeting youth. </p>



<p>We often hear the
clichés about ‘Africa Rising’ and Africa being the ‘new hot spot’ for
investment. Yet Africa has not suddenly appeared! It is home to more than half
of the world’s fertile, yet largely uncultivated, cropland. African agriculture
is a big business opportunity – by most estimates, the continent’s food and
agribusiness market will be worth one trillion US dollars by 2030. Yet this
requires investment.</p>



<p>Only $7 billion per
year is invested in Africa’s agriculture sector – that needs to rise to about
$45 billion per year to harness agriculture’s power and move Africa up the
value chain to create jobs and revenue. It is time to put investment money
where many mouths have been talking about Africa’s ‘Green Revolution,’ for
years. It is time to equip Africa with the financial tools to grow into the
reliable food production resource that feeds Africa as well as ensures that
Africa does its part to feed the world. It is time for Africa to move from an
aid paradigm to an investment paradigm &#8211; this is what we are doing this week at
the Africa Investment Forum, in Johannesburg, South Africa.</p>



<p><em>Dr. Jennifer Blanke is the
African Development Bank Group’s Vice President for Agriculture, Human and
Social Development.</em><em></em></p>


Op-Ed: The #AfricaInvestmentForum: an accelerator for Africa’s agricultural transformation

By <span><a href="https://theconversation.com/profiles/sean-mfundza-muller-298216">Seán Mfundza Muller</a>, <em><a href="http://theconversation.com/institutions/university-of-johannesburg-1275">University of Johannesburg</a></em></span>

<p>Over the past decade South Africa’s public finances have <a href="https://theconversation.com/south-africas-finance-minister-delivers-a-budget-designed-to-steady-the-ship-112162">come under more and more strain</a>. The days when the economy was growing and former finance minister Trevor Manuel brought baskets of fruit to parliament have been replaced by declines in the <a href="https://tradingeconomics.com/south-africa/gdp-per-capita">size of the economy per person</a> and rising unemployment. This was symbolised earlier this year when finance minister Tito Mboweni <a href="https://www.fin24.com/Budget/mboweni-plum-season-is-over-but-it-can-come-again-20190220">brought</a> a few drought-resistant bitter aloes to his budget speech.</p>

<p>These hard times have three main origins: the economic legacy of apartheid, the effects of the 2008 global financial crisis, and the massive <a href="https://theconversation.com/why-ramaphosas-new-dawn-will-break-slowly-for-south-africas-finances-105302">damage done</a> by inaction and state capture during President Jacob Zuma’s tenure. </p>

<p>Apartheid systematically limited the human development of the majority of the population. It destroyed communities, created costly spatial inequalities and led to extreme inequalities between race groups. Among the negative consequences were its contribution to skills shortages, high unemployment, high <a href="https://mg.co.za/article/2015-11-15-commuting-costs-the-poor-dearly">transport costs for workers</a>, dependency on the state and high crime rates. </p>

<p>Twenty-five years later the country’s debt levels continue to exceed targets despite additional measures to raise tax revenue. The situation has been compounded by the worsening finances of state-owned enterprises. The result is that public finances are becoming a burden on the economy because of the tax revenues required. And due to increasing borrowing costs resulting from credit rating downgrades.</p>

<p>Because of these and other factors, South Africa faces a unique combination of challenges. This makes addressing the country’s economic problems vastly more difficult. Economic and fiscal policies used successfully in other countries cannot simply be imitated.</p>

<p>The presidency of Cyril Ramaphosa has shown a dramatic shift from the Zuma era. The main change is that it appears to genuinely carry good intentions – a focus on rebuilding the state and growing the economy, rather than looting both. </p>

<p>But good intentions are, unfortunately, insufficient. On top of this, the quality of advice Ramaphosa and Mboweni have to draw on for bright ideas in these dark times appears very low and often ideologically tainted. That doesn’t bode well for the country’s prospects.</p>

<h2>Bad advice across the spectrum</h2>

<p>Good political leaders rely on the expert advice of others. This is also true when it comes to public finances and economic policy. But South Africa is thin on such expertise.</p>

<p>This is evident in the kinds of solutions put forward by commentators such as the former deputy finance minister, Mcebisi Jonas. He has <a href="https://www.timeslive.co.za/news/south-africa/2019-08-16-shock-therapy-to-shield-sa-from-collapse-plus-5-highlights-from-the-new-vrye-weekblad/">repeatedly called</a> for <a href="https://www.latimes.com/archives/la-xpm-1990-04-26-mn-343-story.html">“shock therapy”</a> for parts of the economy. Shock therapy was a term used for extreme measures taken in former Soviet countries. It was driven by ideologically conservative economists, to introduce various aspects of capitalism. </p>

<p>This would be an inappropriate path to follow in a country like South Africa where, in any case, the private sector controls more of the economy than the state. It also reflects ignorance about the <a href="http://johnmarangos.eu/wp-content/uploads/2014/10/43-2007-Int.%20J.%20Economic%20Policy%20in%20Emerging%20Economies.pdf">history of shock therapy</a> and its failings. </p>

<p>This is perhaps unsurprising. Even one of the most highly qualified economists on the presidential economic advisory council <a href="https://twitter.com/thabileoka/status/1156709421415878656">recently claimed</a> that austerity might help reduce South Africa’s high rate of unemployment. An assertion like this is, in my view, shocking. It ignores the <a href="https://www.theguardian.com/business/2013/jun/05/imf-underestimated-damage-austerity-would-do-to-greece">harm caused by austerity measures</a> and fails to acknowledge the structural origins of South Africa’s high unemployment rates.</p>

<p>On the left of the spectrum, some commentators still seem to be stuck in the arguments of the mid-1990s. There are calls for “<a href="https://www.dailymaverick.co.za/opinionista/2019-06-04-part-one-lets-build-a-new-economy-for-the-many-not-just-the-few/">fiscal stimulus</a>” or <a href="https://www.sowetanlive.co.za/news/south-africa/2018-09-05-ramaphosa-must-act-now-economists/">changes in monetary policy</a> to unlock economic growth. </p>

<p>There are many reasons to believe that these proposals <a href="https://businesstech.co.za/news/energy/327305/south-africa-wont-consider-quantitative-easing-to-help-eskom/">are inappropriate</a>. In any event, they would have only a small chance of success. Worse still, the advocates of these policies <a href="https://www.businesslive.co.za/bd/opinion/letters/2019-08-08-letter-high-debt-cannot-be-ignored/">selectively ignore threats to public finances</a> and fail to consider the damage that  would result from their proposals not working. </p>

<p>While left-wing commentators are scathing about importing ideas from institutions like the International Moneary Fund (IMF), their own arguments about fiscal and monetary policy <a href="https://www.businesslive.co.za/bd/opinion/letters/2019-06-13-letter-quantitative-easing-cannot-be-used-as-policy-tool-to-drive-development-in-sa/">inappropriately parrot</a> those made by so-called heterodox economists in developed countries. An <a href="https://af.reuters.com/article/southAfricaNews/idAFL8N23B29A">infamous</a> manifestation of this was the African National Congress secretary-general’s damaging call for quantitative easing.</p>

<p>Another shibboleth is <a href="https://www.iol.co.za/business-report/budget/south-africa-to-reach-the-fiscal-cliff-by-2042-19443575">that</a> the country faces a “fiscal cliff” and must contain or cut public sector wages and social expenditure. </p>

<p>In my view the <a href="http://www.scielo.org.za/scielo.php?script=sci_arttext&amp;pid=S0041-47512014000100009">concept is deeply flawed</a>. It is based on overly  simplistic assumptions about trends in government spending and a conception of public finance sustainability that has no credibility internationally. </p>

<h2>Bold words, but timid policy</h2>

<p>Ramaphosa and Mboweni have been doing their political part in playing up the prospects of the national treasury’s economic strategy paper. But the document is made up mostly of recycled ideas that are likely to have limited effect, or are simply bad. One example is that of introducing transport and water regulators, in the face of evidence that <a href="https://theconversation.com/south-africa-is-planning-more-regulators-this-is-a-bad-idea-123572">this would be a bad idea</a>.</p>

<p>The composition of the <a href="http://www.thepresidency.gov.za/press-statements/president-appoints-economic-advisory-council">advisory council</a> established by the presidency, while clearly well-intentioned, also leaves a lot to be desired. The presence of two high-profile international economists with limited local knowledge, along with private sector economists and academics who specialise in commentary rather than substantive analysis, makes the council appear rather superficial.</p>

<p>The country’s high debt levels, repeated under-collection of tax revenue, flailing state-owned enterprises and non-existent economic growth mean that there is very little room for creativity in public finances. Instead, while the upcoming medium-term budget may try to paint a positive picture of prospects in distant years it will – as is now the norm – be focused on crisis management.</p>

<p>In the absence of a clear-eyed vision for the role of the state in relation to the economy and socio-economic outcomes, only good fortune will spare South Africa from stagnation, or a further worsening of public finances.<img loading="lazy" decoding="async" src="https://counter.theconversation.com/content/125990/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important" /></p>

<p><span><a href="https://theconversation.com/profiles/sean-mfundza-muller-298216">Seán Mfundza Muller</a>, Senior Lecturer in Economics and Research Associate at the Public and Environmental Economics Research Centre (PEERC), <em><a href="http://theconversation.com/institutions/university-of-johannesburg-1275">University of Johannesburg</a></em></span></p>

<p>This article is republished from <a href="http://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/tough-times-and-bad-advice-are-holding-back-south-africas-economy-125990">original article</a>.</p>

What’s holding back South Africa’s economy?


<p>NAIROBI (Reuters) &#8211; Tanzania’s economy grew by 7.2 percent year-on-year in the second quarter of 2019, up from 6.1 percent in the same period a year ago, buoyed by growth in construction, mining and communications sectors, official data showed on Sunday.</p>



<p>In the first quarter of 2019, the East African nation’s GDP grew by 6.6 percent, according to the state-run National Bureau of Statistics.</p>



<p>Reporting by Fumbuka Ng&#8217;wanakilala; Editing by Maggie Fick</p>


Tanzania’s economy rises by 7.2 % in Q2


<p>GABORONE (Reuters) &#8211; Botswana&#8217;s economy is expected to grow 4.3% in 2019 and 4.6% in 2020, benefiting from a developing services sector, Deputy Secretary in the ministry of finance, Kelapile Ndobano, said on Tuesday.</p>



<p>The southern African nation&#8217;s 2019/20 fiscal deficit is seen at 3.8% of gross domestic product, Ndobano told a budget conference. </p>



<p>(Reporting by Brian Benza; Writing by Nqobile Dludla; editing by John Stonestreet)</p>


Bank charges reduced for social grant beneficiaries during COVID-19 lockdown

Botswana’s economy expected to grow 4.3% in 2019


<p>JOHANNESBURG (Reuters) &#8211; South Africa&#8217;s mines and energy minister on Thursday said he was in talks with coal firms that supply struggling state-owned  power utility Eskom to reduce coal prices in a bid to lower energy costs and boost the mining sector. </p>



<p>Once the largest contributor to South Africa&#8217;s gross domestic product, mining has shrunk steadily over the last decade weighed down by higher energy costs and electricity cuts, hard-to-reach deposits, above inflation wage hikes and policy uncertainty which is deterring investment.</p>



<p>&#8220;These are discussions about how we reignite our economy and make it grow,&#8221; Mineral Resources and Energy Minister Gwede Mantashe said at an industry conference in Johannesburg without adding further detail.     </p>



<p>In March, energy regulator Nersa granted Eskom average tariff increases of 9.4%, 8.1% and 5.2% over the next three years.</p>



<p>The mining industry body, the Minerals Council, has said the tariff increase given to Eskom would jeopardise the viability of some marginal mines and accelerate job losses at energy-intensive operations.</p>



<p>Job cuts are politically sensitive in Africa&#8217;s most industrialised economy where a quarter of the labour force is unemployed, while power outages and steep price increases by Eskom are set to hurt an already fragile growth outlook.</p>



<p>Eskom owns and operates more than 13 coal-fired power stations and has supply agreements with firms including Exxaro Resources and South32 </p>



<p>The utility supplies more than 90% of the power in Africa&#8217;s most industrialised economy, but has been grappling with cashflow and high debt problems, breakdowns at its creaking coal-fired power station fleet.</p>



<p>The minister, who highlighted that power cuts and electricity prices remain a concern, said lowering energy costs would involve discussions with various groups in the sector including coal producers, renewable energy firms and the energy regulator. </p>



<p>(Reporting by Tanisha Heiberg; editing by Emelia Sithole-Matarise)</p>


What you need to know about S.African government’s talks with coal miners to cut prices for struggling power utility Eskom

<div style="max-width: 700px;"><video-js data-account="1571595826001" data-player="default" data-embed="default" controls="" data-video-id="6091279544001" data-playlist-id="" data-application-id="" class="vjs-fluid"></video-js></div>
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<p>During his Independence Day celebration broadcast, Nigeria’s President Muhammadu Buhari stated that his administration inherited a skewed economy, where the oil sector comprised of only 8 per cent of GDP but contributed 70 and 90 per cent of government revenue and foreign exchange earnings respectively. To analyse the President’s speech and assess Nigeria’s performance in the past 59 years – Kyari Bukar, Former Chairman of the Nigerian Economic Summit Group (NESG) and from Osun State, South West Nigeria, Professor and Former Presidential aspirant Remi Sonaiya joins CNBC Africa for more.</p>


Nigeria turns 59: Key takeaways from Buhari’s speech on economy, security


<p>DAKAR (Reuters) &#8211; Democratic Republic of Congo’s economic growth is expected to slow slightly in 2020 to 5.4%, according to a government budget proposal published on Sunday.</p>



<p>The Central Bank in April predicted gross domestic product (GDP) would grow by 5.9% in 2019, though the International Monetary Fund expects growth this year of 4.3% because of lower copper and cobalt prices.</p>



<p>Reporting By Edward McAllister; Editing by Gareth Jones</p>


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GDP

Global Fund Chair Kaberuka assesses the impact of HIV on African economies

Nigeria’s Senate passes record N10.59tn 2020 budget

The impact of HIV and AIDS on African economies

SA economy contracts by 0.6% in third quarter

Audio Visual Forum: Actor Jimmy Jean Louis shares his acting experiences

McKinsey report: Africa could take 140 years to achieve gender parity

Nigeria’s manufacturing sector receives N459.69bn boost

IMF says South Africa at risk if economic reforms don’t materialise fast

Nigerian equities continue positive momentum as Q3 GDP hits 2.8%

Key takeaways from acting finmin Ukur Yatani’s supplementary budget

Op-Ed: The #AfricaInvestmentForum: an accelerator for Africa’s agricultural transformation

What’s holding back South Africa’s economy?

Tanzania’s economy rises by 7.2 % in Q2

Botswana’s economy expected to grow 4.3% in 2019

What you need to know about S.African government’s talks with coal miners to cut prices for struggling power utility Eskom

Nigeria turns 59: Key takeaways from Buhari’s speech on economy, security

DRC’s GDP growth is expected to slow slightly to 5.4% in 2020

News Tips

Advertise With Us

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