Africa ETP News
you are currently viewing::South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subduedJuly 4, 2025-African Development Bank calls for strategic reforms to unlock South Africa's $3 trillion capital potential
The report titled 'Making South Africa's Capital Work Better for its Development' comes amid global challenges, geopolitical tensions, conflicts, and political instability in several countries across the continent. The report highlights that South Africa's economic growth remains sluggish, with GDP declining to 0.6% in 2024 from 0.7% in 2023. It attributes this slowdown to persistent power outages, the severe impact of drought on agriculture, and weaknesses in the transport and logistics sectors. Source: afdb.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.
