We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Algeria: The African Development Bank Forecasts Gross Domestic Product of 4 Percent in 2024 and 3.7 Percent in 2025 in its Country Report 2024

According to the report, Algeria’s economic growth is supported by the oil and gas, industrial, construction and services sectors

Algeria’s economic recovery is strengthening and its gross domestic product (GDP), which increased by 3.6 percent in 2022 and 4.2 percent in 2023, is set to be 4.0 percent in 2024 and 3.7 percent in 2025, according to the African Development Bank Group’s Country Report 2024 (www.AfDB.org), which will be…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Covid-19: African countries win the race against time with testing laboratories

Daily testing capacity of African countries rose from 13,200 at the beginning of the epidemic to 105,000

In March 2020, Africa had its back to the wall, helpless in the face of the magnitude of a virus that appeared in Asia and quickly spread to the entire planet. Only two African countries were then able to test for the novel coronavirus: Senegal, with its Pasteur Institute, and…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

North Africa Economic Outlook 2020: An unparalleled crisis and a conditional recovery

Socioeconomic stability, social inclusion and human capital development are prerequisites for resilience and emerging from the crisis

In 2020, the region will face an economic contraction forecast between 0.8 and 2.3%; Socioeconomic stability, social inclusion and human capital development are prerequisites for resilience and emerging from the crisis. The tourism and industrial sectors in North Africa are likely to be hardest hit by the COVID-19 pandemic, according…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Group Appoints Dr. Rabah Arezki as Chief Economist and Vice President, Economic Governance and Knowledge Management

Dr Rabah Arezki, a citizen of Algeria, is currently the Chief Economist for Middle East and North Africa Region at the World Bank, a role he has held since 2017

The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Dr Rabah Arezki as Chief Economist and Vice President, Economic Governance and Knowledge Management, effective 1st October 2020. Dr Rabah Arezki, a citizen of Algeria, is currently the Chief Economist for Middle East and North Africa Region at…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Economic Outlook 2020: Africa’s economy forecast to grow despite external shocks

The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria, and South Africa

For the first time in a decade, investment expenditure rather than consumption accounts for more than half of GDP growth; report calls for urgent investment in education and infrastructure for good returns in long-term GDP; “Youth unemployment must be given top priority. With 12 million graduates entering the labor market…