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Nigeria : GDP grew by 2.25% in Q3 2022 – NBS

The National Bureau of Statistics (NBS) has said Nigeria’s Gross Domestic Product (GDP) grew by 2.25 per cent on a year-on-year basis in Q3 2022. The bureau however, stated that Nigeria’s GDP declined  from 3.54 percent in Q2 to the 2.25% in Q3 2022....
The month of record

Study : Africa can recoup over half of pandemic education-related GDP losses by using evidence-based ‘accelerated learning’ to help children catch-up

Global study realized by the NGO highlights key lessons from a decade of accelerated learning across Africa condensing three school years into one for out-of-school children affected by extreme poverty, conflict, and Ebola. Foundation says Africa can lead world in learning recovery, launches evidence-based guide for education leaders to...
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South Africa: GDP down by 0.7

South Africa's economy remains "fragile" with GDP falling 0.7% in the second quarter, after two consecutive quarters of growth. "The devastating floods in KwaZulu-Natal (KZN, south-east) and (electricity) load shedding have contributed to this decline, weakening an already fragile national economy that had just returned to a pre-pandemic level," explains...

Uganda : economy is on a recovery trend

Uganda’s economy is on a recovery trend after facing the negative impacts of the ongoing COVID-19 pandemic. The economy grows by 3.3% in 2020/21 financial year amid COVID-19 pandemic. A recovery tagged this growth to how quickly the country and the region access the COVID-19 vaccines to limit the impact...
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Nigeria: GDP to grow by 4.2% in 2022

The Federal Government of Nigeria expects Nigeria's gross domestic product (GDP) to grow by 4.2% in 2022. The Minister of Finance, Budget and National Planning, Zeïnab Ahmed, said at the public consultation on the draft Medium Term Fiscal Framework 2022-2024 and Budget Strategy Paper (MTFF/FSP). Nigeria's Minister of Finance, Budget...
in Short

Egypt: food industries sector contributes 24.5% to GDP

Egypt's Minister of Trade and Industry Nevine Gamea has revealed that the country's food industries sector provides 24.5% to GDP, making it one of the most important productive sectors in the national economy. It provides the needs of the local market as well as ensuring exports to regional and global...
in Short

Ethiopia : record taken 21 percent economic growth

From the record taken 21 percent economic growth in Forex trading over the last six months via reducing debt burden and completing unfinished projects,Ethiopia achieved its high economic growth amidst COVID-19 pandemic crises. In this growth, the country's GDP reached 100 billion USD for the first time.  ...
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