Economy Archives - African Business Magazine

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Nigeria’s economy: a tough road ahead

When Nigeria’s new President, Muhammadu Buhari assumed office on 29th May  of this year, it was amid a torrent of concern over the economy’s prospects.

Ghana: An uninspiring and lazy tax?

The Ghanaian Finance Ministry has released a new raft of potentially unpopular tax measures aimed at boosting government revenues and reining in an unsustainable twin current account and fiscal deficit.…

Nigeria: Belt-tightening time again

The current slump in the price of oil in the global market has forced the Nigerian government to announce austerity measures aimed at cushioning its impact on the economy.…

Why Africa must focus on creating local value

African policymakers need to understand the value that their economies are creating and retaining if they are to move away from their current reliance on raw commodity exports, writes David Rice, the director of the Africapitalism Insitute.…

There are no shortcuts to nation building

Global challenges often stem from local failures in governance, which require a huge social and political commitment to overcome, writes Paul Kagame, President of Rwanda.…