In recent years, the European banking sector has gradually reduced its presence in Africa, faced with significant financial losses. The 2010 crisis and the tightening of prudential rules have exacerbated this trend.
Category: Economy
SCIENTIFIC RESEARCH: A Pillar of Economic Progress in Africa
At the sixth summit between the European Union and the African Union in Brussels, the focus was on research and innovation as key drivers of development and cooperation in Africa. These areas are seen as catalysts for progress, and are vital for tackling global challenges such as climate change, population growth and economic recovery.
DIGITAL TECHNOLOGY: Driving Africa’s economic recovery
In the wake of the COVID-19 crisis, African leaders have realised the importance of digitisation in revitalising their national economies and optimising tax revenue collection. Start-ups in search of growth are turning to investment funds, with a focus on the digital economy and financial inclusion.