Oil-Rich African Nations Struggle with High Inflation Rates
Five oil-rich African nations are battling high inflation rates, despite their wealth, due to volatile global oil prices and unsustainable fuel subsidies.
Africa
Borrowing Set to Increase in Ghana, Nigeria, and Uganda Amidst Budget Deficits
Ghana, Nigeria, and Uganda are expected to face significant budget deficits in 2025, leading to increased borrowing and potential implications for the tech and startup community.
Egypt's Female Labor Force Participation Remains Low Despite Education Gains
Egypt's female labor force participation remains low despite education gains, with women more likely to benefit from higher education in marriage markets than in career opportunities.
Inflation Woes to Linger in Africa and Middle East, IMF Warns
The IMF warns of lingering inflation woes in Africa and the Middle East, citing double-digit price increases in many countries, with significant implications for startups and entrepreneurs in the region.
African Economies Show Resilience Amidst Global Uncertainty
Despite global uncertainty, many African countries are experiencing robust economic growth, with Rwanda, Mauritania, and Côte d'Ivoire leading the pack.
Low Diesel Prices Boost Economic Growth in Africa
Diesel prices have dropped in Africa, providing a boost to industries and economies. The top 10 African countries with the lowest diesel prices have been revealed, with Libya, Algeria, and Angola leading the way.
GTBank's Core Banking Platform Switch Hits Snags, Leaving Customers Frustrated
GTBank's switch to a new core banking platform, Finacle, has been marred by technical issues, leaving customers frustrated and in the dark.
Nigeria Loses N13.2 Trillion to Foreign Exchange Subsidy Policy
Nigeria's foreign exchange subsidy policy resulted in a massive N13.2 trillion loss in revenue between 2021 and 2023, but its termination is expected to have a positive impact on trade, investment, and growth.
Africa's Life Expectancy on the Rise: A Beacon of Hope for Startups and Entrepreneurs
Africa's life expectancy has increased by 10 years over the past two decades, with the top 10 countries led by Algeria, presenting opportunities for startups and entrepreneurs in healthcare, wellness, and related industries.