September 2, 2022/United Capital Research Anglophone West Africa Nigeria According to the National Bureau of Statistics (NBS), Nigeria’s real GDP grew by 3.5% y/y in Q2-2022, indicating a 44bps increase compared to 3.1% in Q1-2022 and a 147bps decrease from the 5.0% y/y growth in Q2-2021. Notably, the non-oil sector […]
Updates
World GDP Fell While Inflation Rose Even Further in 2Q22
September 2, 2022/Fitch Ratings The world economy saw an unusual combination of falling GDP set against high and rising inflation in 2Q22 as supply-shocks and ongoing pandemic related disruptions blighted the recovery, says Fitch Ratings. Falling activity and rapidly rising prices in 2Q22 highlight the risks of a stagflation environment […]
Italy’s CDP Agrees Debut EUR 100 Million Loan for AFC to Support Transition in Africa
August 31, 2022/Aetoswire The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut 100 million euro loan for Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the African continent, to facilitate investments in renewable power, energy efficient projects and climate-resilient infrastructure. CDP, with […]
