Africa’s economic growth witnessed a decline to 3.2% last year from 4.1% in 2022, as reported by the African Development Bank (AfDB) on Friday. Despite this setback, the bank projected higher growth rates this year for all regions except central Africa. According to the AfDB, factors such as political instability and China’s economic slowdown, compounded Read More…
Tag: Ivory Coast
Ivory Coast to face Nigeria in AFCON final after thrilling victory over Congo
In a pulsating semi-final clash, Sebastien Haller propelled the Ivory Coast into the Africa Cup of Nations final, edging out the Democratic Republic of Congo with a 1-0 victory at the Alassane Ouattara Olympic Stadium. The Ivorians, who narrowly escaped elimination in the group stage, now brace themselves for a showdown against Nigeria in Sunday’s Read More…
Nigeria’s financial sector navigates global debt surge, balancing risks
As Nigeria grapples with its debt dynamics, expert voices weigh in on the delicate equilibrium between issuance and investor sentiment. Thys Louw, seasoned portfolio manager at Ninety One, highlights the central concern: the divergence between debt issuance and inflows into dedicated funds. For high-yield issuers, this divergence poses a significant challenge. In a Reuters report, Read More…
Africa Cup of Nations roundup: Celebrations turn tragic, South Africa dominates, Salah’s hamstring woes, and late drama for Zambia
In the aftermath of Guinea’s 1-0 victory over Gambia at the Africa Cup of Nations, joyous celebrations erupted across Guinea, leading to a tragic incident in which six people lost their lives. The Guinean Football Federation and the national team, led by coach Kaba Diawara, have appealed for restraint. The Federation released a video urging Read More…