Africa’s E-Commerce Market Expected to Double in Five Years …
1 day ago · The size of Africa's e-commerce market is forecasted to double over the next five years, reaching $113 billion by 2029, according to an October 10 report by TechCabal Insights. This marks a sharp increase of 105% from the current $55 billion. The “Future of Commerce: Outlook for 2025,” report indicates that from 2020 to 2024, the e-commerce ...
Homepage - Ecofin Agency
Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training. Please publish modules in offcanvas ...
Chinese Direct Investments in Africa Are Greatly Overestimated, …
1 day ago · Africa represents about 7% of China’s global FDI projects, 15% of the total investment value, and 13% of the jobs created by these projects since 2003. However, Hinrich Foundation notes that a closer look at Chinese FDI in Africa reveals that these numbers are greatly inflated. One of the largest projects listed in the database is the $20 ...
Africa Needs Fairer Tax Systems for Sustainable Prosperity (UNECA)
1 day ago · African countries need to reform their tax systems, which currently average around 17% of GDP, according to UNECA. Key priorities include broadening the tax base and integrating the informal sector. However, beyond national reforms, a fairer international tax system is essential to address the annual losses of $75 billion. A...
SSA’s M&A Market Stays Strong with $18.9bn in Deals for 2023
1 day ago · Sub-Saharan Africa continues to capture investor interest, especially in mining, energy, and tech. The region’s natural resources, growing population, and digital shift fuel M&A activity, with more than 300 deals closed last year. Sub-Saharan Africa’s merger and acquisition (M&A) market remains dynamic after a record year in 2022. Despite political...
Afreximbank to Double Funding for Africa's Creative Industries
2 days ago · The African Export-Import Bank (Afreximbank) announced on October 18 that it will double funding for its support program for African creative and cultural industries from $1 billion to $2 billion over the next three years. "As with many things in Africa, opportunities in the African creative industries abound but remain untapped.
Seizing the 12-month EUDR extension: towards a deforestation …
3 days ago · The implementation of the EU Deforestation Regulation (EUDR) has the potential to significantly impact cocoa production in West Africa. With the European Union demanding deforestation-free and traceable cocoa, the stakes for the region's cocoa supply chains have never been higher. Implementing this regulation is not merely about compliance—it is about...
Economic information from Africa - Ecofin Agency
Feb 19, 2019 · Tunisia: Cinema as a tool for fight against corruption. L’agence Ecofin est une agence d’information économique africaine, créée en décembre 2010, basée à Yaoundé et à Genève. Elle rassemble une équipe de journalistes et d’experts, spécialisés dans les principaux secteurs africains de l’économie.
China-Africa trade sees growth despite imbalance
Tuesday, 06 February 2024 17:48. (Ecofin Agency) - China's exports to African countries increased by 7.5% in 2023, while the opposite movement decreased by 6.7%. China and Africa traded $282.09 billion worth of goods in 2023, marking a 1.5% increase compared to 2022, the General Administration of Chinese Customs reported.
South Korea Pledges $24bn in Funding to Africa by 2030
Jun 5, 2024 · South Korea will commit $24 billion in aid and investment support to Africa by 2030. The information was announced by South Korean President Yoon Suk Yeol on Tuesday, June 4, 2024, at the opening of the South Korea/Africa Summit. Seoul aims to strengthen its cooperation with the continent through this initiative. President Yoon pledged to ...