According to the World Bank, Africa received approximately $100 billion in remittances in 2023, accounting for about 6% of the continent’s GDP. Mastercard is playing a key role in enabling the ...

A change in the base year and GDP computation methodology has increased the size of the Nigerian economy. India, too, is in ...

The Centre for the Promotion of Private Enterprise wants special attention to be given to sectors of the economy that were contracting or in recession, as it projected a $450bn economy by ...

South Africa’s economic growth since 2010 has left its population significantly poorer than the global average.

Despite an unsteady global economy and intensifying geopolitical risks, Africa is poised to chart a new economic course, with real Gross Domestic Product (GDP) expected to rise steadily from 4.0 ...

Brand Africa, in partnership with African Business and the Economic Commission for Africa, has unveiled the results of the 15th annual Brand Africa 100 |Africa’s Best Brands and Ethiopia’s ...

The government expects the GDP to grow from N54.77 trillion in 2024 to N66.47 trillion in 2025, while the projection for the real GDP is between 5.02% and 6.49%.

PRETORIA (Reuters) -South Africa's economy stagnated in the first quarter, eking out quarter-on-quarter growth of just 0.1%, as contractions in sectors like mining and manufacturing offset a ...

FILE PHOTO: The Hillbrow Tower, an iconic tower used to identify Johannesburg's skyline, is seen as the sun sets, in Johannesburg, South Africa, October 18, 2023. REUTERS/Siphiwe Sibeko/File Photo ...

“Lagos is not just growing; we are leading. With a GDP of $259 billion based on purchasing power parity (PPP), we have cemented our place as Africa’s second-largest city economy.