Morocco’s Economy Grew by 6.6% in the 4th Quarter of 2021

MOROCCO – Morocco’s economy grew by 6.6% in the fourth quarter of 2021, compared to the same period in the previous year, driven by agricultural production. The increase contrasts with last year’s decline of 5.1% during the same period, according to Morocco’s High Commission for Planning (HCP). HCP indicated that this ‘bounce back’ in Morocco’s economic activity is the result…

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Egypt’s garment exports record 54%increase in January 2022

EGYPT – Egypt’s ready-made garment export hits US$ 204 million in January 2022 representing a 54% increase from the previous year’s US$132 million. This was revealed in a press statement by the head of the Apparel Export Council of Egypt (AECE) Marie Louise. According to Louise, the US topped the countries receiving Egyptian products with a value of US$123 million…

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Kenyans’ use of mobile money jumps 20% in 2021

KENYA – Kenyans made 1.9 trillion mobile money transactions in the first 11 months of 2021, worth more than US$55 billion. The Central Bank of Kenya (CBK) said that transactions in the first 11 months of 2021 were 20% up on the whole of 2020. The surge in transactions came despite the government removing COVID-19 subsidies at the start of…

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African airlines’ traffic fell 68.2% in June 2021, cargo demand goes up -IATA

AFRICA – The International Air Transport Association (IATA) announced has passenger demand performance for June 2021 showing a very slight improvement in both international and domestic air travel markets even though demand remains significantly below pre-COVID-19 levels owing to international travel restrictions. As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise…

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5G subscriptions in Sub-Saharan Africa to reach 70 million by 2026 – Ericsson

SSA – Ericsson, a Swedish multinational networking and telecommunications company projects that 5G mobile subscriptions will hit 70 Million in Sub-Sahara Africa by 2026. The forecast, which features in the latest Ericsson Mobility Report, confirms the expectation that 5G will become the fastest adopted mobile generation and is expected to surpass a billion subscriptions two years ahead of the 4G LTE…

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Emerson releases its 2020 Environmental, Social and Governance Report

GLOBAL – Emerson, a multinational corporation, has announced the publication of its 2020 Environmental, Social and Governance (ESG) Report highlighting how the company develops and delivers technologies, software and services to enable greater sustainability, efficiency and safety for essential industries while supporting communities worldwide. Within the new report, Emerson shared its goal to double representation of women globally and U.S.…

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Sub-Saharan Africa records 2.4% economic decline, worst recession in 60 years – World Bank

SSA – The economic output of economies in Sub-Sahara Africa declined by 2.4% in 2020 due to the COVID-19 pandemic, the region’s first economic contraction in a generation and the deepest recession since the 1960s, latest World Bank reports indicates.  However, the recession was milder than previously projected as the virus spread more slowly than anticipated and agricultural activity was…

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E-commerce booms in South Africa, Nigeria and Kenya – Visa

SSA – Report by global payments solution company Visa, shows that over the last three years, South Africa, Nigeria and Kenya have maintained their positions as the top three market contributors to e-commerce in the Sub-Saharan Africa region. In 2020, West African nation Ghana also broke ground, tied in third place with Kenya. The report dubbed “E-commerce developments across Sub-Saharan…

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Africa’s aviation sector recorded US$10b loss in 2020 on dwindling passenger numbers – AFRAA

AFRICA – The aviation industry in Africa recorded a passenger revenue loss of about US$10.21 billion for the year 2020, with passenger numbers dropping from 95 million in 2019 to 34.7 million in 2020, representing a year-on-year decline of 63.7 percent. The African Airlines Association (AFRAA) published its impact assessment analysis in June 2021, giving an in-depth analysis of the…

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Africa data center market to reach US$5b by 2026 – Research and Markets

AFRICA – The Africa data center market size by investment was valued at US$2 billion in 2020 and is expected to reach US$5 billion by 2026, growing at a compounded annual growth rate of 15% during 2021-2026, a report by Research and Markets indicates. The data center market expects to observe growth because of the flurry of factors – renewable…

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