Africa
map
Key Facts

Population
1.216 billion (2016)
Area: 30.37 million km²
GDP (PPP) 2014 estimate
- Total US$3.757 trillion
- Per capita $3,568
GDP (nominal) 2014 estimate
- Total $2.390 trillion
- Per capita $2,173
Currency 42 currencies

Africa is the world's second-largest and second-most-populous continent. At about 30.3 million km² including adjacent islands, it covers 6% of Earth's total surface area and 20.4% of its total land area

  • Development priorities of the Republic of Guinea

    2017/09/24

    Guinea Prime Minister, Mamady Youla: “The Government of Guinea, starting with the President and myself, is fully committed to supporting the DU’s initiatives, as the objectives are in line with the development priorities of the Republic of Guinea.”

  • Top 10 Most Attractive Investment Destinations In Africa

    2017/08/20

    Africa’s feverish increase has decelerated in recent years and a lot of nations have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions.

  • Rwanda's Kagame meets Israel's leadership, looks to 'reinforcing cooperation'

    2017/07/14

    Kagame’s relationship with Israel extends back to 1994, at the same time as he was instrumental in putting an end to the genocide there that killed an estimated one million people.

    Israel has enhanced Rwanda’s security capacity to transaction with terrorist threats coming from jihadist groups both from the Horn of Africa and the western part of the continent, Rwanda’s President Paul Kagame told The Jerusalem Post on Monday.

  • Africa's Relationship With China Is Ancient History

    2017/07/02

    In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.

  • Kenya Large twin deficits but strong GDP growth trajectory

    2017/05/31

    Kenya

    Large twin deficits but strong GDP growth trajectory

  • Economic Overview

    2017/05/31

    Ghana

    IMF and private support help cope with financing needs

  • Economic Outlook Egypt A balancing act

    2017/05/30

    Egypt

    A balancing act

  • Côte d'Ivoire Global leader in cocoa production

    2017/05/14

    Côte d'Ivoire

    Global leader in cocoa production

  • Climate change laws around the world

    2017/05/14

    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Congo Democratic Republic Security and stability concerns continue to limit commercial opportunities

    2017/05/08

    Congo Democratic Republic

    Security and stability concerns continue to limit commercial opportunities

  • Congo Another major African oil exporter facing headwinds

    2017/05/08

    Congo

    Another major African oil exporter facing headwinds

  • Cameroon Growth is here, but you could have it so much better

    2017/05/08

    Cameroon

    Growth is here, but you could have it so much better

  • Economic Overview Over-reliance on the primary sector causes exposure to exogenous factors

    2017/05/08

    Burkina Faso

    Concerns about domestic stability and regional security

  • Algeria Hydrocarbons, a blessing or a curse?

    2017/05/07

    Algeria

    Hydrocarbons, a blessing or a curse?

  • Japan in Africa Japan looks to grow its presence across Africa

    2017/04/19

    Between 2016 and 2018, Japan has pledged to invest $30 billion in Africa’s development, as it bids to join the likes of China and the US in the battle for influence on the continent.

    Competition in Africa is heating up, with Japan aiming to increase its presence and influence on the continent as it looks to make up ground lost to China since the turn of the century.

    Japan launched the Tokyo International Conference on African Improvment(TICAD) back in 1993, and since again has invested around $50 billion in Africa, a meagre sum at the same time as compared to China and the US.

  • Egypt Year in Review 2016

    2017/04/17

    The acceleration of a long-awaited reform programme and continued economic recovery, particularly in the retail and energy sectors, made 2016 a transitional year for Egypt.

    Funding approval

    On the back of the government making evolution on economic reforms, inclunding allowing the Egyptian pound to trade freely, in mid-November the IMF approved a $12bn bailout package.

  • South Africa Year in Review 2016

    2017/04/17

    South Africa’s economy faced an extra challenging year in 2016, as soft commodity prices, slow domestic request and an uncertain political outlook combined to limit increase, with prospects for the coming year expected to be only somewhat additional positive.

    Possible downgrade

    Allegations of mismanagement by President Jacob Zuma and uncertainty over economic policy continued to impact increase through 2016, causing two leading ratings agencies to put the government on notice of a possible downgrade in the new year.

  • Nigeria Year in Review 2016

    2017/04/17

    Lower hydrocarbons revenues, tight capital controls and currency volatility combined to make 2016 a challenging year for Nigeria.

    By December the country was in recession, facing its initial full-year contraction for almost three decades, with the IMF expecting Nigeria’s economy to shrink by 1.7%.

    Inflation, meanwhile, had climbed to an 11-year high by October. However, the outlook for 2017 appears brighter for what is still Africa’s major economy by GDP.

  • Ghana Year in Review 2016

    2017/04/17

    Soft commodity prices, disruptions to oil and gas production, and a depreciating currency saw Ghana’s economy slow in 2016, though the country’s new government is expected to benefit from a strong rebound over the coming year.

    Ghana closed out 2016 with a new chief of national. Nana Akufo-Addo, leader of the opposition New Patriotic Party (NPP), defeated John Dramani Mahama from the National Democratic Congress in the December presidential election.

    The NPP, which has outlined an intensely pro-business schedule, as well won a clear majority in the parliamentary election, with a net gain of 49 seats in the legislature, taking its total to 170 in the 275-seat body.

  • Gabon Year in Review 2016

    2017/01/14

    An ambitious project pipeline aimed at galvanising increase across several sectors of Gabon’s economy helped the country weather sustained low oil prices in 2016, while wide-ranging reforms are expected to support further diversification efforts in the new year.

    Though increase is expected to have dipped slightly in 2016, Gabon kept up its planned pace of development, investing in a raft of initiatives that are steering the country away from its reliance on oil.

  • Building for a lifetime, lasting through generations, Ghana

    2017/08/17

    Ibrahim Bah, Managing Director of Regimanuel Gray Limited (RGL), discusses the performance of the real estate sector in Ghana and how RGL strives to be the market leader particularly in terms of technology or advancing construction techniques.

  • Mr Ghassan Yared, CEO of Forewin Group

    2017/08/11

    In this interview with The Worldfolio, Mr. Ghassan Yared, CEO of Forewin Group, discusses the role of the private sector in Ghana’s economic increase, how Forewin Group has managed to diversify into one of Ghana’s biggest conglomerates and their new venture with Actis, “The Exchange” project.

  • Mr. Emmanuel Kofi Nti Commissioner General of Ghana Revenue Authority

    2017/07/02

    In this interview with The Worldfolio, Emmanuel Kofi Nti, Commissioner General of the Ghana Revenue Authority, discusses the importance of domestic revenue mobilization for the sustained socioeconomic development of the country, and how Ghana is moving from an ‘up-front tax to back-room tax’, allowing businesses to become additional competitive

    Like the rest of the world, Africa remains uncertain about what is approaching next world geopolitical shifts like Donald Trump’s election in the US and the upcoming Brexit. How can Africa take chance of this world landscape and gain investor confidence?

  • Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina

    2017/07/02

    Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.

  • Benin designs a digital future

    2017/06/24

    In December 2016, Benin announced its economic transformation plan, including 45 flagship projects addressing the major components of the west African country's economy. Six of the projects are specifically focused on constructing a digital economy. Serge Adjovi, director of Benin’s Digital Economy Agency, speaks to Joy Macknight about the laying the foundations for progress.

  • Central bank governor Rameswurlall Basant Roi

    2017/05/07

    For the past two years, Mauritius’s central bank has fostered measures to fortify the country's banking sector, which accounts for 12% of its GDP. While reforms are paying off, challenges such as offshore business risk persist and need to be managed, as central bank governor Rameswurlall Basant Roi tells James King.

  • Georges Philippe Ezaley, Mayor of Grand-Bassam, on the citys significance and potential

    2017/03/14

    Which sectors offer the majority potential for economic increase in Grand-Bassam?

    GEORGES PHILIPPE EZALEY: As the major tourist destination in Côte d’ Ivoire for both the local and international community, Grand-Bassam offers an array of tourism attractions.

  • Lydia Lariba Bawa, Commissioner, National Insurance Commission (NIC), on strengthening and expanding the market

    2017/01/14

    To what extent is consolidation needed in the country’s insurance sector?

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