Tag Archives: GDP

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

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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UN wants debt relief for Ebola hard-hit countries

15 Dec

The United Nations Economic Commission for Africa (ECA) today recommended that creditors should seriously consider debt cancellation for the countries worst-hit by the Ebola epidemic in West Africa. Continue reading

Online retailers pushing for e-commerce growth in West Africa

4 Nov

As Internet usage surges, an increasing number of online retailers in West Africa are springing up, giving mobile phone users a variety of options to buy and sell new and used items. Emerging markets like West Africa, where online shopping is still in its infancy, offer the highest growth potential for the e-commerce industry, according to Sumesh Rahavendra, head of marketing for DHL Express sub-Sahara Africa, in a report released last week. Continue reading

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