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    Burkina Faso Reaffirms Support for Morocco’s Territorial Integrity, Autonomy Plan

    Burkina Faso Reaffirms Support for Morocco’s Territorial Integrity, Autonomy Plan

    Africa To Showcase Green Growth Potential, Attract Investments At Climate Summit – Kenyan Minister

    Africa To Showcase Green Growth Potential, Attract Investments At Climate Summit – Kenyan Minister

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            Her Excellency Hon Reem Ebrahim Al Hashimy, Minister of State for international Cooperation, United Arab Emirates Emerges PSG Minister of the Week

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              Burkina Faso Reaffirms Support for Morocco’s Territorial Integrity, Autonomy Plan

              Burkina Faso Reaffirms Support for Morocco’s Territorial Integrity, Autonomy Plan

              Africa To Showcase Green Growth Potential, Attract Investments At Climate Summit – Kenyan Minister

              Africa To Showcase Green Growth Potential, Attract Investments At Climate Summit – Kenyan Minister

              Tanzania: Ministry of Minerals highlights key milestones for 2023

              Tanzania: Ministry of Minerals highlights key milestones for 2023

              Ghana: NEIP disburse US$4 million grants to 30 entrepreneurship and innovation hubs

              Ghana: NEIP disburse US$4 million grants to 30 entrepreneurship and innovation hubs

              Kenya: PSELF is building the next Generation of Public Sector Leaders – Dr. Musalia Mudavadi

              Kenya: PSELF is building the next Generation of Public Sector Leaders – Dr. Musalia Mudavadi

              Nigeria: President Tinubu Signs the Electricity Act 2023 Into Law

              Nigeria: President Tinubu Signs the Electricity Act 2023 Into Law

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              World Environment Day: Cote d’Ivoire, Africa Development Bank urge collective action to end plastic pollution

              Trending Tags

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                World Environment Day 2023: History, theme and significance

                World Environment Day 2023: History, theme and significance

                Femi Gbajabiamila – Nigeria’s New Chief of Staff

                Femi Gbajabiamila – Nigeria’s New Chief of Staff

                Dr. Bashir Yusuf Jamoh: Sailing NIMASA to victory in the battle against piracy on Nigerian waters

                Dr. Bashir Yusuf Jamoh: Sailing NIMASA to victory in the battle against piracy on Nigerian waters

                The Dynamic Lady Driving Ghana’s Non-traditional Export Sector

                The Dynamic Lady Driving Ghana’s Non-traditional Export Sector

                MEET THE MATRIARCHS RUNNING AFRICA’S AFFAIRS

                MEET THE MATRIARCHS RUNNING AFRICA’S AFFAIRS

                Meet Ghana’s New Chief Justice Nominee – Justice Gertrude Araba Esaaba Torkornoo

                Meet Ghana’s New Chief Justice Nominee – Justice Gertrude Araba Esaaba Torkornoo

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                Saudi Arabia is Building the Future for Travel

                Five Female Chief Directors leading Ghana’s Public Sector

                Five Female Chief Directors leading Ghana’s Public Sector

                Trending Tags

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                  Eritrea: President Isaias Afwerki returns home

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                  ECOWAS shares dialogue, negotiation and mediation capacity building experiences at The Hague

                  ECOWAS shares dialogue, negotiation and mediation capacity building experiences at The Hague

                  Kenya: Ministry of Health welcomes new Kenya Medical Supplies Authority Chairperson, Mr. Daniel Rono

                  Kenya: Ministry of Health welcomes new Kenya Medical Supplies Authority Chairperson, Mr. Daniel Rono

                  Full SONA Delivered by President Akufo-Addo to Parliament

                  Full SONA Delivered by President Akufo-Addo to Parliament

                  image containing somalia frontline states summit

                  We must ruthlessly dismantle terror networks in the horn of Africa- President Ruto

                  President Ramaphosa nominates Justice Mahube Betty Molemela as Judge President post image

                  President Ramaphosa nominates Justice Mahube Betty Molemela as Judge President

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                  • INTERVIEW
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                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

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                    Ghana’s registrar department: driving digitization for efficient services

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                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

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                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

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                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    Why Nigeria Needs Aircraft Leasing Companies- Captain Abdulsalami Mohammed

                    Why Nigeria Needs Aircraft Leasing Companies- Captain Abdulsalami Mohammed

                    Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                    Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                    Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

                    Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

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                      Her Excellency Hon Reem Ebrahim Al Hashimy, Minister of State for international Cooperation, United Arab Emirates Emerges PSG Minister of the Week

                      Her Excellency Hon Reem Ebrahim Al Hashimy, Minister of State for international Cooperation, United Arab Emirates Emerges PSG Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Ambassador John Mwangemi, Chief Executive Officer, Kenya Ports Authority Emerges APS “CEO OF THE WEEK”

                      Ambassador John Mwangemi, Chief Executive Officer, Kenya Ports Authority Emerges APS “CEO OF THE WEEK”

                      H.E. Amb Dr. Monica Kathina Juma, Minister of Energy, Kenya Emerges APS Minister of the Week

                      H.E. Amb Dr. Monica Kathina Juma, Minister of Energy, Kenya Emerges APS Minister of the Week

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                      His Excellency Dr. Belete Molla, Minister of Innovation & Technology, Ethiopia Emerges APS Minister of the Week

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                      H.E Dr. Mohamed Maait, Minister of Finance, Egypt Emerges APS Minister of the Week

                      HE Mrs Fatim Zahra Ammor, Ministry of Tourism, Handicrafts & Social Economy of Morocco Emerges APS Minister of the Week

                      HE Mrs Fatim Zahra Ammor, Ministry of Tourism, Handicrafts & Social Economy of Morocco Emerges APS Minister of the Week

                      Mr Alphayo J. Kidata, Commissioner General, Tanzanian Revenue Authority Emerges APS “CEO OF THE WEEK”

                      Mr Alphayo J. Kidata, Commissioner General, Tanzanian Revenue Authority Emerges APS “CEO OF THE WEEK”

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                      Tanzania, third fastest growing economy in Africa – United Nations states

                      Public Sector Global by Public Sector Global
                      April 25, 2023
                      in NEWS, PS Finance
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                      Tanzania, third fastest growing economy in Africa – United Nations states
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                      An intergovernmental organization, the United Nations has stated that Tanzania will be the third fastest growing economy in Africa this year.

                      According to a United Nations report, at 5.6 percent growth, the East African nation will trail Cote d’Ivoire and Rwanda. Cote d’Ivoire, the world’s largest producer of cocoa (30 percent), will register a 6.5 percent growth for this year, projections indicated.

                      Successful technology-driven transformation and recent foreign direct investments will lead to a 7.8 percent GDP growth for Rwanda in 2023.

                      Uganda and the mineral-rich DR Congo, East African Community (EAC) partner states, would register a modest growth during 2023.

                      “Tanzania’s economy is expected to increase by 5.6 percent this year,” said the report focusing on the 30 African biggest economies.

                      The World Bank has ranked Tanzania the 10th richest country in Africa by overall gross domestic product (GDP) based on the current exchange rate.

                      The country trails Cote d’Ivoire, Ghana, Kenya, Ethiopia, Morocco and Algeria in succession.

                      Nigeria is currently the continent’s largest economy followed by South Africa and Egypt.

                      However, Tanzania is not among the 10 top economies in the continent by overall GDP based on purchasing power parity (PPP).

                      Although Tanzania alongside Cote d’Ivoire and Rwanda will ride high in growth, the situation will be slightly different for the continent.

                      According to the UN, Africa’s economic growth is expected to be impacted negatively by several factors in 2023.

                      The growth is projected to fall from 4.1 percent registered last year (2022) to 3.8 percent this year (2023).

                      Exports will continue to fall while elsewhere investors remain reluctant to take a risk with their money.

                      While growth in 2023 is expected to increase for West Africa, it is expected to remain stable in East and Central Africa.

                      North and Southern Africa which have the largest economies in the continent will see a fall in growth.

                      These have been attributed to a major rise in global inflation, higher borrowing costs as well as the impact of climate change.

                      Positive growth for the African economies during the period means the biggest companies will have to perform well.

                      Despite the security challenges in its eastern part, DR Congo will also register one of the fastest growths in the continent during 2023 due to increased mining.

                      “While there are several risks to the country’s economic growth rate, the positives are set to far outweigh the negatives,” said the report

                      For Uganda whose total GDP in 2021 was $40.5 billion, the economic outlook will remain challenging.

                      However, the EAC member country will register a modest economic growth for 2023 based on the projections.

                      Kenya, despite being among the seven strongest economies in the continent, will have an uncertain economic outlook.

                      This, the report says, has forced several company CEOs looking to cut spending in a bid to counter the growing economic issues.

                      Ethiopia, whose high-flying growth was impacted by the conflict in Tigray province, will bank its hopes for recovery to a recent ceasefire.

                      The war ended in November last year after a ceasefire was agreed “which should result in a boost to the country’s economy in 2023”.

                      South Africa, considered the most advanced economy in Africa with a whopping 25 percent GDP increase in 2021, has been courting a serious crisis.

                      One of the biggest challenges currently facing South Africa is the lack of stability in electricity supply, “with rolling blackouts affecting both residents and industries”.

                      Morocco, the economic giant of the Maghreb region, was recently commended by the International Monetary Fund (IMF) for its economic success. Neither drought, war nor inflation are expected to impact its growth rate of 3 percent as estimated by the Bretton Woods institution.

                      Tags: EconomyTanzania
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                      Burkina Faso Reaffirms Support for Morocco’s Territorial Integrity, Autonomy Plan

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