Tag Archives: economy

Ebola outbreak may contribute to 60% crumble of Gambia’s economy despite no reported case

15 Jan

Though The Gambia remains completely free of Ebola, the crisis has caused a deep decline in tourism related activities, the economy’s principal foreign currency earner. A mission from the International Monetary Fund (IMF) led by Bhaswar Mukhopadhyay, visited Banjul from January 8-14, 2015 to assess the effects of this shock to the Gambian economy and explored the possibility of agreeing on a Rapid Credit Facility (RCF) arrangement with the IMF. Continue reading

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Ebola in Liberia and Sierra Leone: World Bank reports point to declines in employment, food insecurity, and long-term welfare concerns

13 Jan

The socio-economic impacts of Ebola in Liberia and Sierra Leone are far-reaching and persistent, according to two new World Bank Group reports. Both countries continue to experience job losses, despite their differing health outlooks. These impacts have not been limited to the areas where infections have been the highest, which points to economy-wide slowdowns. As a result, many households have been forced to take short-term actions to cope, which can have substantial long-term effects on welfare. Continue reading

Why you should watch out for Nigeria’s tech sector

16 Dec

Three years ago, ICT contributed only 5.46 percent of Nigeria’s GDP. This year the sector is on track to generate about $50 billion…

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