Africa ETP News
you are currently viewing::Building Momentum for Inclusive GrowthMay 12, 2025--Nigeria's macroeconomic situation is improving as a result of sustained reforms according to the latest edition of the Nigeria Development Update (NDU) report released today.
Recent reforms have also helped to strengthen the foreign exchange (FX) market and Nigeria's external position. The consolidated fiscal position improved in 2024, driven by surging revenues. The fiscal deficit shrank from 5.4% of GDP in 2023 to 3.0% of GDP in 2024, a major improvement which was driven by a sharp increase in revenues of the entire Federation, which rose from N16.8 trillion in 2023 (7.2% of GDP) to an estimated N31.9 trillion in 2024 (11.5% of GDP). This is according to the latest edition of the Nigeria Development Update (NDU) Report. Source: worldbank.org |
Africa: Nigeria Leads Africa in Stablecoin Adoption With $22bn in Transactions
August 24, 2025--Nigeria has emerged as the largest stablecoin market in Africa, with nearly $22 billion in transactions recorded between July 2023 and June 2024.
Visualizing Africa's Battery Storage Pipeline
August 18, 2025--Key Takeaways
Battery Energy Storage Systems store electricity to stabilize the power grid and provide backup power.
outh Africa dominates Africa's planned battery storage capacity.
The Battery Energy Storage System (BESS) market is currently the fastest growing segment of global battery demand, with y-o-y growth of 53% in 2024, according to Rho Motion's BESS database.
