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Mixed fortunes ahead for African countries in 2023

Africa Update

Economic growth in Africa is expected to slow to 3.8% in 2023, from 4.1% in 2022, according to the United Nations World Economic Situation and Prospects (WESP) 2023 report. In terms of how this is expected to play out across the continent, it says growth is expected to ramp up slightly in West Africa, remain […]

Mozambique’s vast hydro-power project could create a regional energy hub

MOZAMBIQUE D1 1

Mozambique is a scenic country in southeastern Africa and its capital, Maputo, is the commercial and cultural centre. The country is rich in natural resources, is biologically and culturally diverse, it has a tropical climate, and its beautiful beaches are an important attraction for its growing tourism industry. Its extensive coastline offers some of Africa’s best […]

Eswatini: A renowned tourist destination with valuable mineral wealth

eSwatini news

Eswatini, formerly Swaziland, is a small landlocked kingdom in Southern Africa is bordered by both South Africa and Mozambique. It is one of Africa’s smallest countries, little more than half the size of Belgium, and has a population of just under 1.3 million people. The country has a very young population, with more than one-third […]

Zimbabwe: New case on enforceability of choice of law clauses

Zimbabwe news 1

Article by Fidelis Manyuchi of Zimbabwean firm, Scanlen & Holderness Choice of Law in the face of Delta Beverages (Private) Limited v Blakey Investments (Private) Limited SC 59/22. The issue of choice of law has come to the forefront with the advent of the African Continental Free Trade Area (AfCFTA) and the increase in international […]

Key highlights of Ghana’s Land Act 2020

Ghana news1

Article by Elizabeth Ashun and Theodosia Tandoh of Bentsi-Enchill, Letsa & Ankomah, Ghana It has been a little over a year since Parliament passed the Land Act 2020 (Act 1036) (the “Land Act”). Until the Land Act was passed, Ghana’s land law was contained in several legislations and cases. It consolidates Ghana’s land law and […]

Nigeria: Opportunities and challenges abound for Africa’s biggest economy

Nigeria 1

A key regional player in West Africa, Nigeria accounts for about half of West Africa’s population, with about 202 million people and one of the largest populations of youth in the world. It has the highest GDP in Africa, standing at $514.05 billion in 2021, and with an abundance of natural resources it is Africa’s […]

Mali: sanctions, coups and security challenges – but hope springs eternal

News Images Mali

Mali is a large landlocked country in western Africa, and in the distant past it was one of the richest empires in West African History. Its most famous ruler was King Mansa Musa, who ruled from 1312 to 1337, reknowned for his wisdom, and said to be the wealthiest individual in the history of Africa and […]

Focus on Senegal – a country under construction

Senegal news

Senegal is one of the most stable countries in Africa, with three peaceful political transitions since independence in 1960, according to the World Bank. President Macky Sall has been in power since 2012 and won a second five-year term in February 2019. Gateway to Africa Located at the westernmost point of the continent and served […]

Zimbabwe in Focus

ZImbabwe

The World Bank and IMF both predict GDP growth above 5% for Zimbabwe in 2022, while both caution that decisive government action is needed for this to be attained. A recent encouraging World Bank overview of Zimbabwe says the country’s economy showed signs of recovery in 2021 and its GDP is now expected to rebound to […]

Light at the end of the Covid tunnel for African Foreign Direct Investment

Africa Update 1

EY’s Africa Attractiveness Report predicts a return to the growth trajectory of foreign direct investment (FDI) to the continent. While Africa’s FDI fell sharply by 50% in 2020 due to the COVID-19 pandemic, making it the hardest-hit region globally, the core factors behind its investment appeal remain intact. This is the overarching view of EY’s […]

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