Economic recession

While the number of dollar millionaires in Mauritius, Rwanda, Uganda and Namibia grew in the last decade, it declined in Nigeria, Africa’s biggest economy. The four smaller African…

Funding raised by African startups declined by 57.2 percent in the first quarter of 2023 as startups begin to feel the bite of economic recession, the latest report by Disrupt Africa shows.…

There’s no question that the economy is in choppy waters. With high interests, and rising inflation, lending and financing markets are bound to tighten, which in turn may lead to a recession…

In a last-gasp attempt to rescue an economy that has contracted twice in five years, President Muhammadu Buhari has tapped Doyin Salami to become his chief economic adviser much to the muted…

In 2020, Africa recorded its worst economic recession in 50 years, thanks to a 50 percent drop in Foreign Direct Investment (FDI), a new report by multinational professional services network…