UK economy rebounds as country awaits new prime minister
According to reports by Reuters, official figures released this week showed that the UK economy expanded after a previous contraction, easing immediate fears of a prolonged slowdown. The rebound comes at a sensitive moment for the country, with political attention focused on the transition of leadership at Downing Street. BBC News and The Guardian also […]
World Bank Lowers its Economic Growth Forecast for Sub-Saharan Africa
The World Bank has lowered its economic growth forecast for sub-Saharan Africa this year to 3% from 3.4%, due to the destruction of Sudan’s economy in a civil war. In its latest regional economic outlook report, the bank however said growth is expected to remain comfortably above last year’s 2.4% thanks to higher private consumption […]
Nigeria and Equatorial Guinea agree $2.5 Billion Gas Pipeline Deal
The Minister of State for Petroleum Resources and Gas, Ekperikpe Ekpo has described the agreement for the construction of a 200km gas pipeline across the Gulf of Guinea, worth $2.5 billion signed between Nigeria and Equatorial Guinea as a landmark project that would significantly boost Nigeria’s gas exports and create substantial economic benefits for both […]
