IPO-Eastern Africa Network

Where Creative Minds Congregate for Community Development!

African countries have to invest up to 5.5 percent of their gross domestic product (GDP) in urban development if they are to avoid rapid growth of shanty towns by 2050 when its urban population is expected to triple.

Africa Needs More Investment for Urban Development

December 6, 2024

By African Development Bank Published December 6, 2024 African countries have to invest up to 5.5 percent of their gross domestic product (GDP) in urban development if they are to avoid rapid growth of shanty towns by 2050 when its urban population is expected to triple. This was the conclusion shared by experts at a…

The Africa’s Macroeconomic Performance and Outlook report, that is to be released in the first and third quarters of every year, will provide African policymakers, global and domestic investors, researchers, and other development partners with an up-to-date, evidence-based assessment of the continent’s recent macroeconomic performance and short-to-medium-term outlook amid dynamic global economic developments.

Africa’s Gross Domestic Product Growth to Stabilize in 2023-2024

March 4, 2023

By Khalifa Hemed Published March 4, 2023 African economies remain resilient with a stable outlook in 2023-2024 despite the tightening global financial conditions. African Development Bank, in its Africa’s Macroeconomic Performance and Outlook 2023 report, estimates the continent’s average GDP will stabilize at 4% in the next two years up from 3.8% in 2022. RELATED:…