subSaharan

The Rise of Africa's Tech Hubs: A New Era of Innovation The African continent is undergoing an exhilarating transformation fueled by digital solutions, a surge of tech incubators, and an unyielding entrepreneurial spirit. The demand for such technological advancements is not just a fleeting trend; it is a substantial shift that speaks volumes about the region's commitment to harnessing technology for societal benefit. It's intriguing to ponder: what might these changes mean for the average…

The Economic Forecast for Sub-Saharan Africa: A Landmark and a Journey The World Bank, a critical institution in shaping global economic policies, projects an encouraging uptick in economic activity for Sub-Saharan Africa. Expectations are set for growth to rise from 3.3% in 2024 to 3.5% in 2025, eventually accelerating to 4.3% by 2026–27. However, as with any journey, this optimistic outlook is littered with obstacles and uncertainties that could shape the path forward. Intriguingly, not all the region’s…

The World Bank predicts a modest but notable increase in economic activity across Sub-Saharan Africa, projecting growth to rise from 3.3% in 2024 to 3.5% in 2025, with expectations to further accelerate to 4.3% by 2026-27. This forecast brings a glimmer of hope, yet many underlying challenges remain. According to the latest Africa’s Pulse report, the growth potential of the region is heavily influenced by a few heavyweight economies. Angola, Nigeria, and South Africa, among the largest economies on the continent,…

Remittances to Sub-Saharan Africa: A Complex and Expensive Journey Imagine this scenario: You're working hard in a foreign land, far from the warmth of your home, trying to make a better life for yourself and those you've left behind. Every month, you send a portion of your earnings back home. It’s a lifeline, not just for your family, but for the economy of your homeland. Now, consider the irony — while your remittances are crucial, the cost of sending this money can sometimes feel like an insurmountable barrier.…

Mogadishu (AX) — Sub-Saharan Africa's arms trade is witnessing a seismic shift. Traditional suppliers, Russia for example, are losing their stronghold to rising competitors like China and Turkey. A fresh series of reports from the Italian Institute for International Political Studies (ISPI), titled "Importing (In)security: The Evolving Arms Trade in Sub-Saharan Africa," outlines this transformation, spotlighting China as a burgeoning force in the region's arms market.In a significant shift, many Sub-Saharan African countries…

The specter of excessive debt reappears for sub-Saharan Africa after the coronavirus pandemic. The International Monetary Fund has just sounded the alarm, urging donor countries to be "bold" about the debt wall that awaits Africa. Sub-Saharan Africa needs the next 3 years to revive their economies is huge. According to the IMF, it would require $ 890 billion in external funding for the countries of the region. This amount represents more than half of their total GDP. It will therefore return to massive borrowing to…