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Showing posts with the label global economy

Nigerian Leaders and Global Investors Push Digital Trade at UNGA 80

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Highlighting Africa’s Digital Trade Potential Nigerian leaders and international investors gathered in New York during the 80th United Nations General Assembly (UNGA) to emphasize the opportunities for digital trade across Africa under the African Continental Free Trade Area (AfCFTA). This event, organized by the Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE), aimed to explore ways to boost digital commerce, support startup growth, and encourage innovation throughout the continent. The roundtable, led by Minister Dr. Bosun Tijani, focused on accelerating digital trade and highlighted the importance of digital transformation in unlocking Africa’s economic potential. The session, themed “Accelerating Digital Trade Across Africa Through AfCFTA,” provided a platform for discussions on how technology can drive economic development and enhance Nigeria’s role in the global digital economy. Key Participants and Insights The dialogue brought together influential...

Morocco Leads Economic Growth in Southern and Eastern Mediterranean in 2025

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Strong Economic Growth in Morocco Morocco has demonstrated impressive economic growth in the first half of 2025, with a rate of 4.7%. This makes it the highest among Southern and Eastern Mediterranean (SEMED) countries covered by the European Bank for Reconstruction and Development (EBRD) outlook report. The EBRD's analysis highlights a positive trend in the region, with Morocco leading the way in terms of growth. The report indicates that Morocco's economic growth has been on an upward trajectory. It accelerated from 3.7% in 2023 to 3.8% in 2024 year-on-year. This consistent improvement is notable when compared to other countries in the SEMED region. For instance, Egypt recorded a growth rate of 4.2%, Jordan at 2.7%, Lebanon at 1.9%, and Tunisia at 2.4%. Inflation trends also reflect Morocco's economic stability. Annual inflation in the country fell to an average of 1.2% between January and July 2025. This decrease is primarily attributed to lower prices for food, fuel,...