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Edited By Ali Musa Axadle Times International–Monitoring. In a world where the pulse of economies sets the pace for global progress, the IMD World Competitiveness Ranking illuminates the forefront contenders. Currently, the global economic stage is dominated by several nations renowned for their robust competitiveness. Yet, what exactly makes an economy competitive on the world stage? Is it solely about GDP numbers, or is there more beneath the surface? The most competitive economies in the world are distinguished by…

Africa's external debt levels have long been a topic of concern. High-interest rates and the slow maturity of local financial ecosystems add layers to this complex issue. Does this situation reflect the broader global economic landscape, or is it particular to Africa's unique geopolitical fabric? There's a constant increase in the need for foreign capital to sponsor imports, and this naturally inflates the external debt burden. As highlighted in a report by Afreximbank Research, Africa relies significantly on…

Agriculture is undeniably the lifeblood of Africa, weaving its influence through every village and stretching out across the vast savannahs. Whether it’s the age-old traditions held close in family farms or sprawling commercial enterprises, the act of cultivating the land is pivotal. It doesn’t merely feed millions; it powers the economy and has the untapped potential to shape a brighter future. An African proverb notably states, "He who learns, teaches." Agriculture is perhaps Africa’s most profound teacher—a silent…

Understanding the Role of Customs Duties in Africa For some countries heavily reliant on international trade, the levying of tariffs on imported goods comprises more than 40% of total tax revenue. This fact alone underscores just how integral these duties are to the infrastructure of governmental funding across various nations. Consider the island nation of São Tomé and Príncipe, where customs duties remarkably constitute 100% of the country’s tax revenue. What does this tell us about their economic structure or their…

When we look into the intricate web of rental trends worldwide, certain dominant factors come into play. Economic conditions, housing affordability, government policies, and, indeed, cultural preferences each hold sway over how rental markets evolve. Pause and reflect—is it merely a roof over one's head, or a quest for freedom that fuels this global inclination towards renting? Top 10 Countries with Remarkable Rental Populations in 2024 According to Eurostat,…

In the vast, ever-evolving landscape of African economies, a quiet resilience often dominates the narrative. While major players like South Africa and Nigeria have been grappling with economic challenges and currency depreciation, Ghana, with its fortitude, presents a compelling case study in banking resilience. As the world turns its gaze towards West Africa, Ghanaian banks stand firm, holding strong Tier 1 capital positions that inspire confidence and stability. Performance of…

Food inflation looms as a profound challenge for numerous African nations, exacerbating existing economic hardships and amplifying food insecurity for millions of citizens. Life in various parts of Africa is already mired in complexity, as many countries grapple with systemic issues. With the spike in food prices, the situation is akin to salt on an open wound—undermining not only household well-being but threatening the broader economic landscape. Consider a family struggling to make ends meet, now facing the relentless…

Africa, while home to a vast spectrum of cultures and landscapes, encounters a unique geographical challenge—being landlocked. Surprisingly, one-third of the continent's countries do not have direct access to the sea. Yet, the presence of seaports on the African coastline is a beacon of economic hope and utility, facilitating access to international markets for even the most inland businesses. These maritime gateways are not just crucial for those positioned at the water’s edge, but they extend their opportunity-laden arms…

Global Brands: Nations Beyond Borders Imagine a world where countries are more than just landmasses; they are vibrant brands with a heartbeat and personality. Some nations are instantly recognizable, wield immense influence on the global stage and attract investments like a powerful magnet. But what makes a country a powerhouse brand? It's not just economic clout but also a blend of culture, innovation, and a generous dash of goodwill. Take the United States, for instance. An economic juggernaut that, come 2025,…

As each new year unfurls, African nations boasting resilient currencies against the US dollar find themselves at a unique fiscal advantage. From tempered inflation and a bolstered purchasing power to a flourishing confidence among investors, the financial landscape offers a promising horizon. But what lies at the heart of these monetary benefits, and how do they ripple through the broader economic canvas? A robust currency doesn't just provide a fiscal foundation—it shapes an environment brimming with…