Economic Updates – EBS in Africa

GSE forges historic partnership with Jamaica Stock Exchange

by Admin
July 1, 2022
1 minute read

The Ghana Stock Exchange (GSE) signed a historic Memorandum of Understanding (MoU) with the Jamaica Stock Exchange (JSE) in May 2022 to forge a stronger relationship across the stock markets and the economies of both countries. The GSE was founded in July 1989 and ranks among the 10 oldest Stock Exchanges in Africa. The JSE, […]

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New Investment in Egypt set to end Tomato wastage

by Admin
June 22, 2022
1 minute read

Africa has become the new frontier for development as it is attracting a lot of interest and investments across the globe. In January 2022, the Italian Development Cooperation disclosed plans to contribute over €4.55 million to two United Nations Industrial Development Organization (UNIDO) projects in Egypt and Iraq. The Egypt project has been developed […]

Economic Updates

National Development Plan

by Admin
November 25, 2021
1 minute read

The federal government of Nigeria has recently approved a 5 year National Development Plan (NDP) to cover the period from 2021 to 2025. The development plan is set on six pillars – economic growth and development, infrastructure, public administration, human capital development, social development and regional development. Nigeria’s Minister of Finance Zainab Ahmed has said […]

Economic Updates

Nigeria’s GDP growth decelerates in Q3 2021 by Prof. Magnus Kpakol

by Admin
November 25, 2021
1 minute read

The GDP growth rate that went up by 0.5% in Q1 and climbed over 5% in Q2 has decelerated to 4.03% in Q3, 2021. Although not matching the Q2 mark this 4.03%, rise is still better than anything experienced since the inception of this administration. The last time the country had anything close to this […]

Economic Updates

Inflation Rate by Oyekunle Adesiyan

by Admin
November 25, 2021
Less than a minute

The inflation rate after peaking at 18.2% in March 2021, has continued to decelerate. The inflation rate for October 2021, is 16.6%. Hopefully consumers actually see all these statistics reflected in the prices they are paying for goods and services. As we know inflation is the increase in the general level of prices of goods […]

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The problem with the Naira by Prof. Magnus Kpakol continued.

by Admin
November 12, 2021
1 minute read

The problem with the Naira is complex and complicated for everyone, including those in the Nigerian presidency and the Central Bank of Nigeria. And it is not because they don’t understand it, but mainly because the solutions are mired in an intricate political economy. The sources of the problem with the Naira are many. Nigeria […]

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The problem with the Naira -1 by Prof. Magnus Kpakol

by Admin
November 12, 2021
2 minutes read

The Central Bank of Nigeria joined a growing list of emerging markets that are counting on digital money to cut transaction costs and boost participation in the mainstream and global financial system. As President Muhammad Buhari declared, Nigeria has become the first country in Africa, and one of the first in the world to introduce […]

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Human Insecurity Vicious Circle

by Admin
November 8, 2021
Less than a minute

The mother of the insecurity issue in Nigeria is corruption. Prof Magnus Kpakol, Chairman of Economic Growth and Development Center (EGDC) describes the practice of corruption as Witchcraft Economics. As he puts it, witchcraft economics exists when your consumption of goods and services is not determined by your productive ability. As shown below, Corrupt practices […]

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