ight months after recording its first Covid-19 case, the Nigerian economy has faced unprecedented challenges, navigating through the impacts with resilience and adaptability. As of October 26, 2020, there have been 62,111 confirmed cases and 1,132 deaths in Nigeria. (1,295,541 confirmed cases and 29,191 deaths in all of Africa). Back in March, health policy experts […]
Over the course of history, humans have been trading goods and services using different means. All these means have something in common – the agreement of their value, and thus their use in operations. One example of an ancient form of human exchange was witnessed in Micronesia where they used an exchange method called the […]
For many decades, the African hospitality market has been exclusively reserved to private investors, of which the majority are hotel chains and property companies. Looking at the market today, it appears that the Sub-Saharan African hospitality sector, excluding South Africa, is now rising as a key investment opportunity for both international hotel chains and institutional […]
Revenue receipts from oil will be just as important to driving Nigeria’s economy in the medium term as they were in the last decade. An estimated 70% of government revenues and around 90% of the country’s foreign exchange earnings come from oil sales. However, Nigeria is currently experiencing the effects of its over-dependence on oil […]
The African continent, a beacon of African growth, remains one of the fastest-expanding economies globally. Despite this promising trajectory, the economic foundation of many African nations is still predominantly tethered to commodity production and exportation, especially crude oil, underscoring a critical need for diversification and development of internal value-added operations. Oil is a natural resource […]
Although sub-Saharan Africa has not been famous for its status as a leader in female inclusion within the economic sector, African women are surprisingly beating the odds and defying the obstacles in the field of entrepreneurship in the region. High Female Entrepreneurship Rate Holding a comparison between some of the most developed economies in Africa […]
Is the Italy-Africa relationship taking off? Africa has been one of the fastest growing region in the last decade, holding for long periods the highest rate of return on foreign investment than in any other developing region[1]. Despite a recent slowdown in term of GDP growth rate, there are at least three positive trends that […]
In many African countries, a significant portion of the labor force is engaged in the agricultural sector, including Nigeria’s agricultural landscape. Despite its crucial role in the economy, the sector is marked by lower productivity levels compared to the non-agricultural sectors. Moreover, the contribution of agriculture to GDP is often less than its share of […]
Exploring the Nigerian banking sector, regulated by the Central Bank of Nigeria (CBN), reveals a complex network of commercial banks, development finance institutions, and more. As Nigeria positions itself as an economically attractive landscape, with corruption being actively addressed and an annual economic growth rate of nearly 7%, the banking sector stands as a testament […]
Private equity seems to hold the African growth promise. Amid the sluggish economy and the lengthy deleveraging process that the developed countries have been going through, Africa is rising as a fertile, promising, and untapped playground for foreign investments. Investors are shifting gears towards the black continent, not only to diversify away from a slowing […]
