Grows

Nigeria's Economic Growth: A New Perspective Recent adjustments in Nigeria's economic metrics have led to a strikingly positive revision of the nation’s gross domestic product (GDP). For the first time, extensive measures are capturing the vibrancy of the informal sector, which has long been the lifeblood of millions of Nigerians. In fact, this update paints a more nuanced and realistic picture of the economy—one that resonates with the daily experiences of many individuals. According to the latest release…

This past weekend, the streets of Abidjan came alive with the fervor of thousands of supporters from the ruling Rally of Houphouetists for Democracy and Peace (RHDP). Together, they gathered in a spirited demonstration to express their unwavering support for President Alassane Ouattara. This impressive turnout was not just a display of loyalty; it marked a pivotal moment in the lead-up to the party’s congress, where Ouattara is expected to secure the endorsement for his candidacy in the upcoming October presidential…

Resurgence in Nigeria's Forex Markets: A Sign of Economic Optimism A notable turnaround is echoing through Nigeria's foreign exchange landscape. A recently observed uptick in the international usage of naira cards highlights a blossoming confidence that permeates the market. This shift can be attributed to a combination of pragmatic monetary policy reforms, a revival of bank initiatives, and a general enlivening of the economy. Engaging in cross-border transactions has become more accessible, allowing for smoother…

Despite initial forecasts predicting a GDP growth of between 4.5% and 4.8% for the year, emerging data suggests that Ghana’s economic performance might just exceed these expectations. It’s quite fascinating how such projections can be outdone, isn’t it? Let’s delve deeper into the details. Q1 GDP Growth Surpasses Expectations In a compelling analysis titled "Ghana’s Q1 2025 Real GDP Growth: Green Shoots in Tight Soil", IC Research has revealed that Ghana's economy grew by an impressive 5.3% year-on-year in the…

Power Outages in Iran and Israel Amid Intensifying Strikes Welcome to our live coverage of the evolving situation in the Middle East. As the world watches closely, tensions are rising following the recent US strike on Iranian nuclear facilities. This development has already led to significant power outages in both Iran and Israel, prompting widespread concern and speculation about the future. As noted by one analyst, "In times of crisis, the ripple effects can be felt far beyond the immediate area." With nations on high…

Today, Israel permitted the entry of 100 aid trucks transporting flour, baby food, and medical supplies into Gaza, according to the Israeli military. However, United Nations officials reported ongoing distribution challenges that prevented the much-needed aid from reaching those in urgent need. Following an 11-week blockade on essential supplies, the Israeli military confirmed that 98 aid trucks crossed the border on Monday and Tuesday. Yet, despite this modest influx of supplies, it remains a challenge to get them to…

Deepening the Political Rift: Somalia’s National Discussions Exclude Key Regions MOGADISHU, Somalia - The recent gathering of Somalia's National Consultative Council (NCC) ended without the participation of leaders from Jubaland and Northeastern State. This exclusion raises a spotlight on the widening cracks in Somalia's leadership landscape, posing questions about the nation's direction ahead of upcoming elections. President Hassan Sheikh Mohamud, often perceived as a divisive figure, spearheaded the meeting. Joined by…

In a bold move that has sparked significant discussion among political stakeholders, a national conference held in Mali has recommended appointing the junta leader, Assimi Goita, as president for a five-year term. This proposal follows a series of deliberations in the capital, Bamako, where attendees engaged in robust dialogue about the future governance of the nation. This recommendation shines a light on the complexities and challenges Mali faces today. During the conference, participants proposed not only the…

In recent years, Chinese car manufacturers have made strategic moves that have transformed the African automotive landscape. As these manufacturers expand their footprint across the continent, one might wonder: How have they become so influential in such a short time? Chinese brands are sweeping across Africa, backed by competitive pricing, innovative technology, and aggressive growth strategies. Their expansion has ushered in a new era in the market, significantly challenging the previously unshakable dominance of Western…

In the intricate landscape of global geopolitics, seemingly unlikely alliances often emerge, united by common adversaries. In this case, Yemen’s Ansar Allah, more commonly known as the Houthis, and their primary benefactor, Iran, have formed pragmatic links with non-state actors like Somalia's al-Shabab and the Islamic State in Somalia (ISS). While their ideologies and objectives may diverge significantly, their shared hostility toward countries such as the United States and Israel provides common ground. Considering the…