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Economy
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Reducing Poverty and Inequality in Africa
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The South African rand stayed steady as traders awaited key economic data, including inflation and retail sales figures. Global markets also watched U.S. inflation reports, which could influence currency movements and investor sentiment.
After a challenging year for Morocco’s olive industry, producers are now predicting a record-breaking harvest that could more than double last season’s output, offering much-needed relief to consumers grappling with high olive oil prices.
Morocco’s onion farmers and traders are entering a promising new chapter. After a year of restrictions and setbacks, the country’s fresh onion exports not only bounced back in 2024 but reached unprecedented levels.
Nedbank Group Ltd. has reached an agreement to sell its 21.2% stake in Ecobank Transnational Inc. for $100 million to Bosquet Investments, a company controlled by Alain Nkontchou, former chairman of Ecobank.
Zambian fintech startup eShandi is transforming financial access across Africa by using AI to assess creditworthiness without traditional documentation, empowering over a million underbanked individuals and SMEs. With mobile-first tools and a focus on financial literacy, it’s breaking barriers for women and rural communities to thrive in the digital economy.
Nigeria’s plantain business has transformed into a booming multi-billion naira industry, playing a vital role in the country’s agricultural economy. From cultivation and harvesting to processing and trading, plantains have created lucrative opportunities for farmers, traders, and entrepreneurs alike. The industry’s rapid growth reflects increasing domestic demand and expanding markets, making it a key contributor to income generation and employment across Nigeria.
