The article explores the transformative role of Information and Communication Technology (ICT) in driving economic growth in emerging markets, with a particular focus on the AfTIAS 2.0 program in Algeria. Through targeted initiatives, AfTIAS 2.0 supports startups and SMEs by improving competitiveness, providing training, and enabling global participation. The program emphasizes the role of digital transformation in fostering a thriving entrepreneurial ecosystem and empowering women and youth in the ICT sector. Despite challenges, AfTIAS 2.0 is helping Algeria and other Arab states leverage ICT to fuel sustainable economic development.
Tag: Economic growth
Finding the money to change South Africa’s trajectory
South Africa’s national budget for 2025 is under heavy scrutiny due to concerns about rising debt, government overspending, and the challenges of maintaining fiscal stability. The article explores the country’s fiscal outlook, with attention on the growing debt-to-GDP ratio, potential new taxes, and funding issues surrounding Transnet and Eskom. The proposed basic income grant (BIG) and the economic risks associated with the global political landscape also add to the fiscal pressure. The property sector faces challenges from government inefficiencies, infrastructure issues, and economic instability. The budget’s outcome will be critical for sustaining growth and investor confidence in South Africa.
Multi-Billion Dolar Investment Signals New Era of Industrial Transformation for West Africa
West Africa is on the brink of a major industrial transformation, fueled by a multi-billion dollar investment. This landmark initiative is expected to boost economic development, enhance industrial capabilities, and create new opportunities for businesses and workers alike.
AFRICA PRIORITISES TRADE DIVERSIFICATION AND REGIONAL INTEGRATION IN 2025
The Trade in Transition study highlights Africa’s trade challenges and strategies for growth. Key findings include the cautious progress of the AfCFTA, Africa’s focus on global supply chain diversification, and the role of digital transformation in boosting trade efficiency. Infrastructure developments and sustainable growth are also key themes, with the survey noting that 46% of African executives are diversifying suppliers globally. The report emphasizes the importance of regional collaboration and government support to foster economic resilience.
South African SMBs Confidently Chart Growth Amid Economic Uncertainties
South African SMBs are navigating economic uncertainties with confidence, focusing on growth opportunities and resilience. Explore how small and medium businesses are strategically positioning themselves for success in 2024.