Nigeria: A Frail Giant?

Since President Muhammadu Buhari’s re-election in 2019, the country has faced a myriad of social and economic challenges. Inflation had surged from 11.40% in May 2019 to 17.33% last month; the Naira has been devalued three times, losing 33% of its value, insecurity has increased, and the general investment climate has waned. All these have happened while Nigerians have not seen any meaningful increase in their economic welfare: the country slumped into a second recession in five years. Many states have found it challenging to implement the new minimum wage signed into law in 2019. We also note that even if all the states had implemented the new minimum wage, the total number of civil servants to the entire labour force is considerably low. To sum it, you would still be worse off if you hold 2X the same Naira note you had in 2010 today.

Bridging the Digital Divide to Scale Up the COVID-19 Recovery

Digitalization has in the past few years enabled developing countries, in particular, to leapfrog on financial inclusion. Countries like Kenya, Ghana, Rwanda and Tanzania have made great advances in connecting their citizens to financial systems by leveraging on mobile phone technology.

COVID-19 is Reducing Domestic Remittances in Africa: What does it Mean for Poor Households?

The amount remitted by migrants from Sub-Saharan Africa (SSA) has grown tenfold in two decades, from $4.8 billion in 2000 to $48 billion in 2018. This reflects a steady increase in the number of people who decided to move in search of a better life: from 21.6 million in 2000, the number of migrants from Africa grew to 36.3 million in 2017.

Download Dashboard on Global Competitive Index

The Global Competitive Index (GCI) is an index introduced by the World Economic Forum (WEF) which is an annual yardstick (anchored on how efficiently units of labour and capital are combined for generating output) for policy makers to look beyond short-term and reactionary measures and to instead assess their progress against the full set of […]

COVID-19 & Cheap Oil: An SSA Market Update

Being what we learnt from the RenCap Securities Conference Call held on 25th March 2020 According to the global chief economist of RenCap, Charles Robertson, the COVID-19 outbreak in Italy shows that the 12 days lag before the virus infection rate goes up, is valid. As such, New York is expected to experience a peak […]

Empirical Analysis of the Criteria for the Adoption of “Eco” Currency

This research work concentrates on analyzing how each of the West African Countries have performed in terms of meeting the inflation target, fiscal deficit, debt as a percentage of GDP, import cover as well as the target of tax revenue as a percentage of GDP.

The Zimbabwean Stock Exchange is Africa’s Best Performing Stock Exchange

As at Tuesday 12th November 2019 therefore, the Zimbawean Stock Exchange Industrial Index has returned more money for its investors than any other stock exchange in Africa as its Year to Date returns stands at 67% in local currency, 67% in Dollars and 74% in Euro.

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