International Monetary Fund Staff Completes 2018 Article IV Discussions with Cabo Verde

  • Output growth is expected to accelerate to 4.3 percent in 2018.
  • The IMF staff team recommends deepening the impressive fiscal consolidation efforts of recent years and completing the restructuring of state-owned enterprises.
  • Financial stability indicators have improved, but the high level of non-performing loans and low profitability need to be addressed.

An International Monetary Fund (IMF) staff team led by Max Alier visited Praia from January 15–26, 2018, to conduct discussions on the 2018 Article IV consultation. read more

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Gig Economy disrupts status quo, presenting an opportunity for Africa

A Digital Talent Exchange is born read more

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Cisco Accelerates Multicloud Journey with HyperFlex Platform Innovations

Adds support for containers and Microsoft Hyper-V, integrates multicloud services, validates more mission critical workloads read more

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Innovation and blockchain tech high on the agenda at the 10th Africa Energy Indaba

Leading figures within the African energy scene will convene at the 10th Annual Africa Energy Indaba, the World Energy Council’s annual African regional meeting, to discuss the importance of innovation and regional integration at a time when the energy sector is undergoing a major transition. read more

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South Africa: Outstanding PPAs for solar, renewables to be signed by end of March

The announcement was made by the South African Wind Energy Association (SAWEA). The PPAs relate to 26 renewable energy projects, of which 12 totalling 813 MW are for large-scale PV plants selected in round 4 of the REIPPPP program. read more

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Nigeria: Dangote Donates N1.2 Billion Structure for Business School in Bayero University

The Business Schools being undertaken by the Aliko Dangote Foundation, according to the President of Dangote Group is part of the efforts to build entrepreneurship in the sub-consciousness of Nigerians through education at the highest level read more

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Nigeria’s lost treasure

OP-ED by NJ Ayuk and João Gaspar Marques read more

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Travel and Hospitality Trends to Dominate 2018

2017, Skift termed, “the year travel found its larger purpose in the world”. Though the year was marred by extreme economic and security uncertainties and instabilities across the board, from political upheavals to the controversial Trump Travel Ban, the advancement of the industry is not a subject to be overlooked. Use of various tech solutions, diversification of services by hotels, and the surge of millennial travel are just some of the highlights that marked 2017. So, will these continue to dominate 2018, or do we expect new and rising trends in the travel and hospitality sectors? read more

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New year, new rules – 2018 in the software testing industry

2018 is fast approaching; businesses are busy anticipating what the new year will bring in terms of industry developments, growing trends, and hidden surprises. Carmen Carey, CEO of software testing and performance monitoring experts Apica, gives her five industry predictions for 2018. read more

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Kenya’s major tourism highlights in 2017

The year 2017 in Kenya’s tourism was marked by major milestones that had both positive and negative implications on the industry. Jumia Travel looks at some of them and gives a glimpse of what 2018 will look like. read more

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South Africa chosen to host iconic United Nations Africa satellite symposium

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AviaDev heads to Cape Town

(L-R) Jacques Moolman, General Manager, Southern Sun Cape Sun Hotel,
Jon Howell, Managing Director, AviaDev, Tim Harris, CEO, Wesgro read more

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International Monetary Fund Staff Conclude 2018 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries

  • Real GDP growth in the WAEMU is estimated above 6 percent in 2017 for the sixth consecutive year, despite adverse terms of trade shocks and security concerns.
  • Convergence of WAEMU countries’ budget deficits of 3% of GDP by 2019 is crucial for ensuring macroeconomic stability and sustaining growth.
  • An ambitious set of reforms to modernize the financial sector regulations in line with the Basel II/III principles has been introduced.

A staff team from the International Monetary Fund (IMF), headed by Mr. Dhaneshwar Ghura visited Ouagadougou, Abidjan, Lomé, and Dakar from January 11 to 24, 2018 for discussions with the institutions of the West African Economic and Monetary Union (WAEMU) on Common Policies for Member Countries of the Union. read more

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62 million: No. of international arrivals in Africa in 2017

Africa reached a record 62 million international arrivals in 2017, translating to a growth of 8%. Arrivals in Sub-Saharan Africa increased by 5% while North Africa enjoyed a strong recovery with a 13% growth in arrivals. The continental growth supersedes that of the international number, which stood at 7% in 2017 to reach 1,322 million. This is according to the latest UNWTO World Tourism Barometer, which goes on categorize the tourism sector as a key driver in economic development. read more

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