Business Planning

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Business Planning Money market

Mauritius economy is resilient with 4.7% GDP growth rate – IMF

Washington, DC, April 11, 2025 – The International Monetary Fund (IMF) has described the Mauritian economy as resilient with GDP growth at 4.7 percent in 2024 and contained inflation. It said the growth outlook remains favourable, though risks are to the downside. The IMF gave the report after completion of IMF Staff 2025 Article IV Mission to Mauritius which was led by Mariana Colacelli from March 31 to April 11, 2025.   At the conclusion of the visit, Ms. Colacelli issued the following statement: “Real GDP grew by a robust …

Business Planning Foreign

Trump’s tariff confusion could leave aircraft deliveries in limbo

Montreal/Chicago, April 11, 2025 – Cars, consumer goods, and industrial equipment have been delayed at ports, stuck on rail cars, and languished in warehouses at times over the last few months due to the White House’s on-again, off-again tariff policy. Planes and their engines are usually ordered by U.S. buyers years in advance, and tariff confusion risks delaying shipments of both, even if the industry has not been directly targeted for duties, sources told Reuters. The frequent changes and added costs are stressing a supply chain that has wrestled with shortages …

Business Planning

Africa’s opportunity in a fragmenting global economy

By: JP Fabri Lagos, April 10, 2025 – The global trade landscape is shifting dramatically. With the U.S. imposing new tariffs on key imports with countries already planning retaliation, the world is edging deeper into a long-term trade war. This is not just a bilateral dispute. It signals the acceleration of a broader move away from open globalisation toward protectionism and economic nationalism. For Africa, this rupture in the global order presents both risks and rare opportunities.  Historically positioned on the periphery of global value chains and heavily reliant on …

Business Planning Foreign Trade

Trump’s tariffs trigger boycott of American products

London, April 8, 2025 – Since Donald Trump unveiled his new international tariffs last week, a growing number of social media users have called for a boycott of American products. With the new country-adjusted taxation system, the Trump administration aims to reduce last year’s U.S. trade deficit. However, economists widely agree that the tariffs are more likely to impact consumers than solve trade imbalances. Boycott USA” quickly began trending on X (formerly Twitter), while Google reported a spike in searches related to the boycott across multiple countries. Many users vowed not to visit the United States …

Business Planning Foreign Trade

US reciprocal tariff move risks global trade disruption – ICC

Dhaka, April 8, 2025 – The International Chamber of Commerce (ICC) has termed the United States’ newly announced reciprocal tariff plan a serious jolt to the global trading system, cautioning that the move could destabilise international commerce if met with retaliatory measures. At a press briefing held in Dhaka on Monday, ICC Bangladesh President Mahbubur Rahman presented an official statement from ICC Secretary General, following the announcement of the US trade policy shift. The Paris-based ICC is the world’s largest business organisation, representing over 45 million companies across more than …

Business Planning Trade

US new tariffs will undermine competitiveness of Nigeria’s exports – minister

Abuja, Dr Jumoke Oduwole, the Minister of Industry, Trade and Investment, says the new tariffs announced last week by Donald Trump, the US President, will undermine competitiveness of Nigerian exports in the US.. She said the tariffs could disrupt trade relations between Nigeria and the US as they would particularly affect the competitiveness of Nigerian products in the US market. Oduwole made her observations on the implications of the US new tariffs on Nigeria in a statement on Sunday. The minister said the value of Nigeria’s exports to the U.S. …

Business Planning Foreign

JPMorgan warns recession unavoidable even if tariffs halted immediately

Washington, April 6, 2025 – JPMorgan Chase has warned that the United States is now barreling toward a recession, and that even an immediate rollback of President Trump’s sweeping new tariffs may not be enough to prevent it. JPMorgan’s chief economist, Bruce Kasman, issued the grave assessment on Thursday, raising the firm’s recession forecast to 60%, up from 40% just days earlier. They further warned that while immediate implementation could invite short-term negotiations, the structural hit to business confidence and global trade patterns would be difficult to undo. The S&P …

Business Planning Money market

Public Investment Corporation (PIC) invests $40m in Africa50, becomes 36th shareholder

Casablanca (Morocco), April 3, 2025 – the Public Investment Corporation (PIC) of South Africa has invested $40 million in Africa50 Group, the pan-African infrastructure investor and asset manager to become its 36th shareholder. The PIC is South Africa’s state-owned asset management company with US$141.5 billion of assets under management (AuM). A statement issued by Africa50 group on Thursday, said the PIC’s joining the group as a shareholder was an important milestone which would provide a significant boost to Africa50’s mission of mobilizing African institutional investors to drive infrastructure development across the …

Business Planning ICT

UNCTAD advises developing countries to invest in AI to harness its future potential

   …. anticipates AI market value to reach $4.8tn by 2033 Lagos, April 3, 2025 – The United Nations Trade and Development (UNCTAD) has advised developing countries to invest massively in Artificial Intelligence (AI) to reap from its future potential. It advised developing economies to invest in AI infrastructure, data and skills to harness its full potential. The global body gave the advice in its UN Trade and Development’s (UNCTAD) Technology and Innovation Report 2025 released on April 3, 2025. It said less than one third of developing countries had AI strategies, while …

Business Planning Money market

World Bank to approve 2 loans of N632m for Nigeria

Abuja, March 31, 2025 – The World Bank is to approve two loans of $632 million to Nigeria for nutritional improvement and quality basic education enhancement. The World Bank posted this information on its ’s website, adding that the two loans were expected to be approved on Monday. It said the two loans included $80 million loan to improve nutrition outcomes in Nigeria and $552 million loan to enhance access to quality education for Nigerian children.  The loans are expected to be part a broader strategy by the institution to …