Economy
Economy
Economy
Economy
Economy
Economy
Economy
Economy
Reducing Poverty and Inequality in Africa
Economy
Economy
Economy
Economy
Economy
Economy
Economy
As smartphone prices rise across Africa, many consumers are turning to device financing to afford new phones. Flexible payment plans from companies like M-Kopa and Jumia Flex are making smartphones more accessible, boosting digital inclusion and opening doors to essential services and economic opportunities.
South African President Cyril Ramaphosa on Thursday unveiled the G20’s first task force dedicated to tackling global wealth inequality, highlighting its effects on growth, poverty, and international cooperation.
The Maputo-Katembe Bridge, built by China, has dramatically improved connectivity in Mozambique’s capital, slashing travel time and symbolizing a deepening partnership between the two nations. Locals call it the “Bridge of Dream,” reflecting its role in driving development and transforming daily life.
Uganda has secured financing for the $2.7 billion Standard Gauge Railway project, marking a major step toward its implementation. The government will contribute 15 percent of the funding, with the remainder sourced from export credit agencies and international development institutions. Officials say the project will not only boost transport efficiency but also create opportunities for local contractors and stimulate economic growth.
Mali successfully raised nearly 19 billion CFA francs through a regional debt issuance, backed by strong investor demand and support from UEMOA member states. The operation highlights the CFA franc’s role as a stabilizing force and a tool of financial solidarity in West Africa.
As Uganda pushes toward its goal of achieving tenfold economic growth over the next 15 years, experts warn that traditional development models won’t suffice. Prof Jonathan Leape argues that the country must embrace innovation, self‑reliance, and digital tools to navigate shrinking aid streams, global headwinds, and mounting climate pressures.
