Libya leads the pack with $92.43 billion in foreign exchange and gold reserves, followed by Algeria and South Africa, according to a report by Global Firepower.
South Africa's tax revenue takes a hit as 38,000 wealthy citizens relocate, resulting in a R3 billion loss for the country's revenue service.
Discover the top 10 countries with the highest cost of living in 2024, with Switzerland ranking number one, according to Numbeo's latest data.
Nigeria's import data for Q3 2024 reveals a significant increase in spending, with motor spirit ordinary ranking as the top imported product, accounting for 22.63% of total imports.
The International Monetary Fund reports that global foreign direct investment grew by 4.4% in 2023, with the US receiving the largest amount of FDI, followed by the Netherlands and China.
African nations face severe food inflation, with Sudan topping the list at 321.6%, as conflicts and climate change exacerbate economic hardship and food insecurity.
The latest IMD World Competitiveness Ranking reveals the top 10 most competitive economies globally, with Singapore leading the pack, while Africa shows significant economic progress despite challenges.
New data from Statista highlights the African countries with the highest female employment-to-population ratios, showcasing their potential for long-term economic growth and poverty reduction.
Ghana's export sector records a total value of GH₵294.9 billion in 2024, driven by gold, petroleum, and cocoa, with a trade surplus of GH₵44.7 billion.
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