Primer Africa

Foreign investments in Africa's infrastructure sector grew by over 30% in 2023, with substantial inflows from China, the European Union, and the United States. The African Development Bank reported an increase in commitments to energy, transport, and water projects, reaching $19 billion in new financing. Key countries benefiting include Ethiopia, Kenya, and South Africa Source: African Development Bank Group #fdi #infrastructure

Did you know? Africa’s tech sector is booming, particularly in fintech, e-commerce, and mobile banking. Countries like Nigeria, Kenya, and Ghana are leading with innovative startups and venture capital investments, accelerating the continent’s digital economy #fintech #tech #africa

Africa’s renewable energy resources—solar, wind, bioenergy, and hydropower—are 1,000 times larger than the continent’s projected 2040 electricity demand. To maximize these benefits, Africa must shift from exporting raw materials to fostering domestic value-added production. This shift positions Africa as a key player in the global energy transition. Source: International Renewable Energy Agency (IRENA) #Energy #Africa

Timbuktu, Mali, was once a major center of trade and education during the 14th century, housing one of the world’s earliest universities and countless ancient manuscripts on subjects like astronomy, medicine, and law. #Africa #Knowledge #History

The United Arab Emirates (UAE) has significantly increased its investments in Africa, surpassing traditional investors like China and the United States. Between 2022 and 2023, the UAE invested approximately $97 billion across various sectors, including renewable energy, agriculture, and mining. #Investments #Africa

Did you Know? The Sahara Desert was once a lush region with rivers, lakes, and abundant wildlife. Archaeological evidence shows that around 10,000 years ago, it was home to human settlements and supported agriculture. #Africa #Knowledge #Climate_change

According to the 2023 update of the UNDP’s Gender Social Norms Index (GSNI), there are significant obstacles that women and girls face in realizing their potential, spanning from politics to boardrooms. These challenges are deeply rooted in social norms. Author: Okonkwo Chidubem Read more: https://lnkd.in/d8yxnG8M #politics #genderinclusive #nigeria

USAID's initiatives in Egypt have been significant in fostering economic stabilization. Since the start of macroeconomic reforms, Egypt's inflation rate decreased by 4% over three years, and job creation in sectors influenced by regulatory changes grew by nearly 8%. Also, private sector investment saw a rise of approximately 12%, indicating the positive impact of reforms in economic stability and private-sector engagement Source: USAID #Reforms #EconomicStability #Egypt

During the 1990s, oil prices remained relatively stable, ranging between $15 and $25 per barrel. However, in July 2008, oil prices surged to an all-time high of $147 per barrel due to high demand and geopolitical tensions. Currently, oil prices fluctuate between $70 and $80 as a result of increased production and lower demand growth forecasts. Author: Elegbeleye Paul Read more: https://lnkd.in/dRzfv8eZ #oilprices #energy #economy

Did you know? In 2016, African leaders initiated reforms within the African Union (AU) to improve efficiency and financial stability. These changes support Agenda 2063, aiming for a unified and prosperous Africa through better citizen engagement and streamlined operations #AfircanReforms #AfricanUnion