EBRD projects six sub-Saharan African economies to grow 4.7% in 2025, led by Benin and Côte d’Ivoire, while Nigeria and Ghana struggle with high inflation and Senegal enters a hydrocarbon boom.
Hydropower, with 43.5 GW of installed conventional capacity, is becoming increasingly important for Africa’s development, supported by large national projects as well as smaller private-sector initiatives.
The $25bn Nigeria-Morocco Gas Pipeline (NMGP) project is nearing the start of its construction phase. The 6,000-kilometre infrastructure initiative has gained momentum following high-level meetings in Rabat in July.
Demographic and Health Surveys that provided crucial data on health, mortality and development in many lower- and middle-income countries were funded by USAID, but are no more.
Cocoa prices have surged to unprecedented levels as climate change wreaks havoc on West African crops.