Africa’s collective debt now stands at 70% of the continent’s gross domestic product (GDP) March 16, 2021/AfDB African Development Bank (www.AfDB.org) President Akinwumi Adesina, recipient of the 2017 World Food Prize, and Professor Joseph E. Stiglitz, recipient of the 2001 Nobel Memorial Prize in Economic Sciences, have called for a […]
Updates
Headline Inflation Hits 17.33% Y/Y in February 2021
March 16, 2021/Cordros Report Nigeria’s headline inflation maintained its uptrend, as it rose by 86bps to 17.33% y/y in February 2021 (January: 16.47% y/y), the highest level since February 2017 (17.78% y/y). The outturn is 18bps higher than our estimate of 17.15% y/y, with the largest variance coming from the […]
AfDB Funds $530 Million Electricity Project to Expand Renewable Energy and Regional Connectivity
The project, once operational in 2023, will avert the consumption of 46.8 billion litres of diesel per year in the south, cutting 80 megatons of CO2 emissions March 16, 2021/AfDB The African Development Bank (www.AfDB.org) has committed $530 million to finance the construction of a 343 km, 400 kV central-south […]
