All economic information of African countries

• #Africa
• #Pharmaceutical
• #Technology

Enabling Africa to access technologies to produce its pharmaceutical products is the ambition of the African Development Bank. The African Pharmaceutical Technology Foundation (APTF) established in June 2022 by the African Development Bank at the initiative of African Union Member States, aims to facilitate the modernization of the pharmaceutical sector in Africa and stimulate technology transfer in Africa .

• #Africa
• #Company
• #Finance

Deal Source Africa, a comprehensive program to connect African businesses with investors and transaction advisors and African impact funds with investors was officially launched at the West Africa Deal Summit held in Accra May 18. The program will help close the $331 billion financing gap for African SMEs, especially those with high growth potential, by offering solutions tailored to their needs.

• #Africa
• #Analysis
• #China
• #Economy
• #Trade

Despite Beijing's commitment to correcting the imbalance that characterizes its trade relations with Africa, Chinese imports from the continent have recorded a double-digit decline in the first four months of the current year.

• #Africa
• #Gambia
• #Mali
• #Agriculture
• #Bank
• #Energy
• #Finance
• #Health

During the 2023 IsDB Group Annual Meetings, Mali, Gambia and Djibouti signed agreements with ITFC, which will support key sectors of their economies to create opportunities for economic growth.

• #Africa
• #Economy
• #Government
• #Mining
• #Production

The DRC produced 115,371 tonnes of cobalt in 2022, more than two-thirds of the world's supply. Kinshasa will continue to dominate the market in the future, and therefore has an interest in continuing its efforts to get a better slice of the pie from foreign groups exploiting the ore.

• #Africa
• #IvoryCoast
• #Economy
• #Mining
• #Politics

For more than a decade, the government of Côte d'Ivoire has been working to make mining a pillar of the economy. Gold production there is continuously increasing, reaching 48 tonnes in 2022, while exploration is intensifying for other metals such as lithium or rare earths.

• #Africa
• #Energy
• #Industry
• #Oil

The outlook for African oil in 2023 is promising according to NJ Ayuk, the executive chairman of the African Energy Chamber. The report details emerging trends shaping the global oil economy and highlights Africa's role in meeting global demand.

• #Africa
• #EconomicAnalysis
• #Economy

In a global context marked by a succession of crises and headwinds since the appearance of covid-19 in 2020, Africa has shown strong resilience. The continent continued to record positive economic growth. According to the Africa Macroeconomic Performance and Prospects report published by the African Development Bank, the continent is expected to see an average change of 4% in its real gross domestic product in 2023 and 2024. This is higher than the global averages of 2 .7% and 3.2%.

• #Africa
• #Economy
• #Financial
• #Mining
• #Russia

The presence of Russia in the African mining sector is based not only on companies driven by a logic of economic profitability, but also on companies connected to the paramilitary group Wagner which serve to promote the geopolitical influence of Moscow and to reduce the effects of Western sanctions.