Issue #233101: The GDP Race, Egypt vs. Nigeria…

Here are the stories for this issue:

Egypt catching up with Nigeria as World Bank ranks the largest economies in Africa

3 min read

Nigeria has held the position as Africa’s largest economy for five consecutive years, with a GDP of $477.4 billion, according to the World Bank. Egypt is fast catching up, with a GDP of $476.7 billion, and several initiatives from the Central Bank of Nigeria have helped to keep the country’s naira from appearing on the list of the weakest currencies in Africa.

ECOWAS Signs 25 Grant Agreements worth USD 1.034 Million to Promote Youth employment in Agriculture and Food Sector in 15 Members States

1 min read

This article discusses the ECOWAS Commission’s grant agreement with 25 Centers, funded by the Community levy of Ecowas, to build the capacity of 3142 young people from 15 member states in the agro Sylvo-Pastoral and Halieutic sector, with the goal of strengthening youth capacities in agribusiness and promoting agricultural innovations and good practices.

Nigeria speeds up electric vehicle devt project

2 min read

Nigeria is accelerating its electric vehicle development project to provide cost-effective and sustainable transportation solutions, and to promote local production of EVs with at least 30% local content. The Federal Government is planning to ratify the Electric Vehicle Development Plan soon to achieve net-zero emissions by 2060.

Kenya, Nigeria, Zambia currencies set to weaken further

2 min read

This article provides insights into the expected exchange rate movements of Kenya, Nigeria, Zambia, Ghana, and Uganda’s currencies, highlighting how fluctuating demand for dollars impacts the weakening or strengthening of the shilling, naira, kwacha, cedi, and shilling, respectively.

US Mayor wants improved business ties with Nigeria

2 min read

This article highlights the commitment of the Mayor of Houston, Sylvester Turner, to promote business relationships between Nigeria and Houston, with areas of focus including medical tourism, agriculture, technology, manufacturing and logistics. Turner is optimistic about the new government’s policies and the potential for exponential growth in trading between the two countries.

That’s all for this issue.

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