Economy
Economy
Economy
Economy
Economy
Economy
Economy
Economy
Reducing Poverty and Inequality in Africa
Economy
Economy
Economy
Economy
Economy
Economy
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.
South Africa has launched a nationwide dialogue to confront its deepening social and political challenges, following the ANC’s loss of majority in the 2024 election. While hailed as inclusive, the initiative faces criticism over its high cost and doubts about its impact.
The African Development Bank has pledged $500 million to help build Ethiopia’s $10 billion Bishoftu International Airport, aiming to transform the country into a top global aviation hub by 2035. The mega project will ease congestion, boost tourism, and elevate Ethiopia’s regional competitiveness.
Tanzania has implemented a ban on foreign-owned small businesses, a move that has caused concern and unease among member states of the East African Community (EAC). The decision is seen as potentially disruptive to regional economic integration and could strain relations within the bloc
Argan oil, once a local staple, is now a luxury product worldwide, driving demand that threatens Morocco’s argan forests. Overharvesting, drought, and climate change have led to a 40% decline in forest coverage. While women at cooperatives continue to harvest and produce the oil, they earn little, as large multinational companies control the market. Efforts to improve forest management and the supply chain have faced challenges, and many cooperatives struggle with rising costs and fewer resources due to drought. Despite these obstacles, the tradition of argan oil production is at risk as younger generations move away from rural areas.
Uganda’s government has assured coffee producers that the country’s exports will not be affected by European Union environmental sanctions. Officials confirmed that Uganda’s coffee sector complies with EU environmental regulations, safeguarding farmers and exporters from potential trade restrictions while maintaining access to key European markets.
