- 05 Sep 2017Country:Body:China announced it will loan Guinea USD 20 billion to support infrastructure development in the country over the next 20 years. In turn, the Guinean government granted several mining concessions to Chinese companies, including for the bauxite mines in northern Guinea.
- 01 Sep 2017Body:Aïd-El-Kébir, the Muslim sacrifice feast also known as “Tabaski,” was celebrated on 1 September across West Africa, 69 days after the end of Ramadan. It is one of the most important religious days on the Muslim calendar and represents a busy and expensive time for families.
- Body:One of the largest population basins is on the Niger-Nigeria border. If border delays were reduced by one hour, the Hausa border markets could potentially reach an additional 44 million people.
- Body:Over the last few years, several researchers have challenged African statistics. Among the many examples was the article written by World Bank economist Shantayanan Devarajan in 2013, “Africa’s Statistical Tragedy.” It painted a gloomy picture of African statistics as affected by the lack of capacity of statistical institutions, an unclear administration of responsibilities, a lack of stable state funding, and the destabilising effect of donor funding. This public questioning of public statistics in Africa provoked reactions.
- Body:Seven West African countries — Burkina Faso, Cabo Verde, Gambia, Ghana, Mauritania, Senegal and Togo, are among the 20 most visa-open countries in Africa. Togo is the best-ranked West African country (position 3) on the 2016 Africa Visa Openness Index, produced by the African Development Bank.
- 13 Jun 2017Opinion:Members:Body:The Economic Community of West African States (ECOWAS) agreed in principle to Morocco’s membership request at its 51st summit in Monrovia, Liberia on 4 June. An article published in the African Business magazine by the Sahel and West Africa Club Secretariat (SWAC‑OECD) analyses the role of Morocco in West Africa and the implications of its future ECOWAS membership.
- 13 Jun 2017Body:
On 12-13 June, the government of Germany organised an international conference on the topic of “G20-Africa Partnership - Investing in a Common Future.” The high-level conference gathered about 800 participants in Berlin, Germany, including presidents from Côte d’Ivoire, Ghana, Mali and Senegal. The debate focused on the three pillars of the G20-Africa Partnership: 1) to improve inclusive economic growth and employment; 2) to develop quality infrastructure, especially in the energy sector; and 3) to strengthen the framework for private finance and investment in Africa.
- 12 Jun 2017Body:Of the 1 939 urban agglomerations in the Africapolis database, 290 have a market potential - total population living within 40 km of the centre of an agglomeration - of more than 2 million people. The market potential of a region is a good measure of spatial variations in economic density and can be interpreted to determine the economic attractiveness of a region. It provides an additional illustration of urban development not captured by city size alone.
- Country:Topics:Body:With 0.4% real GDP growth in 2016, West Africa has recorded the lowest growth rate in Africa, far below the continental average (2.2%) and the best-performing region of East Africa (5.3%). The situation can be explained by the economic downturn in Nigeria, which has slipped into recession (- 1.5%) during the second term of 2016, due to the drastic fall in oil prices as well as the fragile security situation and political uncertainty.
- 26 May 2017Topics:Body:The African Development Bank annual meetings hosted the release of the 16th edition of the African Economic Outlook. Besides the statistics and the notes on the 54 African countries, this year the report addresses the special theme -- Entrepreneurship and Industrialisation in Africa -- highlighting the high, untapped potential for African entrepreneurship.