Economy

Cabo Verde Takes Strategic Steps to Strengthen Fiscal Sustainability and Create Fiscal Space

PRAIA  – The Government of Cabo Verde (GoCV) is undertaking a series of reforms to strengthen fiscal sustainability and accelerate inclusive economic growth. According to the new Public Finance Review (PFR) released today by the...

Bitter Harvest: Cocoa Farmers in Côte d’Ivoire Confront Falling Prices

In the humid lowlands of Côte d’Ivoire, the scent of fermenting cocoa beans hangs in the air, mingling with the earthy aroma of freshly turned soil. Under the shade of towering cacao trees,...

Bitter Harvest: Cocoa Farmers in Côte d’Ivoire Confront Falling Prices

In the humid lowlands of Côte d’Ivoire, the scent of fermenting cocoa beans hangs in the air, mingling with the earthy aroma of freshly turned soil. Under the shade of towering cacao trees, farmers move with deliberate precision, splitting pods to reveal the pale, sticky beans within—a process honed over generations. Yet behind this timeless ritual, a growing unease is taking root. Global cocoa prices have been sliding, and for the smallholder farmers who produce much of the world’s supply, the decline threatens more than just profits. Côte d’Ivoire, alongside Ghana, accounts for over 60 percent of global cocoa production, and the livelihoods of millions are intertwined with the volatile...

Cultural Tourism Fuels Djibouti’s Economic Growth

In the narrow lanes of Djibouti City’s central market, merchants call out over the din, their stalls stacked with fragrant spices, handwoven baskets, and...

Cultural Tourism Fuels Djibouti’s Economic Growth

In the narrow lanes of Djibouti City’s central market, merchants call out over the din, their stalls stacked with fragrant spices, handwoven baskets, and bright textiles. Beyond the capital, the wind sweeps across the...

Economic Growth in Burundi — Challenges and Opportunities Ahead

In the highland nation of Burundi, economic ambition exists alongside deep-seated structural challenges. Landlocked and densely populated, the East African country relies heavily on agriculture, yet faces persistent hurdles that have constrained consistent growth. Agriculture remains the backbone of Burundi’s economy, employing the vast majority of its citizens. Coffee and tea dominate as cash crops, while subsistence farming sustains rural households. But climate change, limited irrigation, and low investment in modern techniques have undermined productivity....

Economic Growth in Burundi — Challenges and Opportunities Ahead

In the highland nation of Burundi, economic ambition exists alongside deep-seated structural challenges. Landlocked and densely populated, the East African country relies heavily on agriculture, yet faces persistent hurdles that have constrained consistent...

Angola’s Economic Crossroads: Reform, Resilience, and the Road Ahead

By Robert Stales In the wake of decades defined by oil wealth and its volatile cycles, Angola is attempting one...

Kenyans stand to lose from Adani airport deal: finance guru explains why

Odongo Kodongo, University of the Witwatersrand - The proposal submitted early this year by Indian conglomerate Adani Group to Kenya Airports Authority to develop and renovate parts of Jomo Kenyatta International Airport has...