you are currently viewing::African Economic Outlook 2025-Africa's short-term outlook resilient despite global economic and political headwindsMay 27, 2025--With the right policies, Africa has the potential to mobilize an additional $1.43 trillion in domestic resources from both tax and non-tax revenue sources, and curbing leakages.
Despite the prevailing domestic and external challenges Africa continues to demonstrate notable resilience. The report, titled "Making Africa’s Capital Work Better for Africa's Development", was released during the Bank Group's 2025 Annual Meetings, taking place in Abidjan, Côte d'Ivoire. It demonstrates the continent's capacity to weather multiple shocks while identifying pathways to unlock a vast potential for transformation. Strong growth outlook despite global headwinds The report presents encouraging projections despite significant challenges: 21 African countries will achieve growth exceeding 5 percent in 2025, with four countries-Ethiopia, Niger, Rwanda, and Senegal-potentially reaching the critical 7 percent threshold required for poverty reduction and inclusive growth. Source: citywire.com |
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.
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.
July 7, 2025--Increasing revenues, establishing an effective budget framework, and scaling up the cash transfer system can all support Nigeria's progress
Over the past two years, Nigeria-Africa's most populous country-has implemented difficult reforms to tackle long-standing obstacles weighing on the economy. While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges.