Lagos, Nigeria is one of the cities growing at a rapid rate. Michael Kraus/EyeEm/Shutterstock Diana Mitlin, University of Manchester Cities across Africa are growing at an astonishing rate. All 20 of Africa’s fastest growing cities have experienced average growth rates of more than 6% over the last decade.
The economic success of large corporations from German core sectors such as automotive, mechanical engineering, and chemicals, and a large number of well-established medium-sized businesses—known as the Mittelstand—have fueled Germany’s steady GDP growth over the last several decades.
As one of the first epicenters of the global COVID-19 pandemic, New York City (NYC) was hit early and hard.
Washington, DC, U.S– Global wealth has grown overall—but at the expense of future prosperity and by exacerbating inequalities, according to the World Bank’s new Changing Wealth of Nations report.
Accra, Ghana//-Former Chief of Defence Staff of the Ghana Armed Forces, Brigadier Joseph Nunoo-Mensah seems to have given up on Ghana’s development and the opportunity to create jobs under President Nana Addo Dankwa Akufo-Addo.
Covid was the ‘earthquake,’ but investors now need to prepare themselves for the growing ‘aftershocks’, warns the founder and CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations.
Mexico City, Mexico//-The International Finance Corporation (IFC), a member of the World Bank Group, signed a cooperation agreement to advise Citibanamex in strengthening its strategy to focus on gender and promote the Mujer Emprendedora (Women Entrepreneur) program.
Abidjan, Ivory Coast//– The African Development Bank (www.AfDB.org)’s Board of Directors has officially approved a $75 million commercial loan to the Ghana Infrastructure Investment Fund (GIIF).
The bank agrees a deal to pay four regulators a $475m settlement after it was found to have sucked Mozambique into more than £940million of debt in 2013. Credit Suisse has agreed to pay almost $475m to resolve investigations into its role in Mozambique’s ‘tuna bond’ corruption scandal.
In September, Senegal’s Wave became the first tech company in Francophone Africa to achieve unicorn status. This marks a sea-change for the tech prospects of the region. Africa’s tech sector is going stratospheric. In recent months, talent trainer Andela and payments processor Flutterwave have become “unicorns” – tech firms valued at $1bn or more.
