Cameroon expects its economy to rebound this year, with the growth rate coming close to pre-pandemic levels, Bloomberg reported. The government sees output expanding 3.4% in 2021, compared with 0.7% last year, Cameroonian Economy Minister Alamine Ousmane Mey said. The central African economy grew 3.7% in 2019. As part of its 2030 strategy, Cameroon is focused on “the structural transformation of its economy toward industrialization, more integration, and growth that is more inclusive, sustainable and green,” he said.
Resources Per Country
- Burkina Faso
- Cote d'Ivoire
- Equatorial Guinea
- Sierra Leone
- South Africa
- Congo (Democratic Republic of the Congo)
After loosing 53 cars during xenophobic attacks in South Africa in 2019, Johannesburg car dealership owner Okey Uchendu never thought he would see his business destroyed again by civil unrest in less than two years. Already dealing with the impact of COVID-19 on the economy, Uchendu received a call at midnight on Sunday that his dealership was engulfed in flames as looting and violence, the worst in South Africa for years, escalated, wrecking hundreds of businesses, Reuters reported.
Global M&A activity broke records for a second consecutive quarter this year as companies continued to borrow cheaply and spend their cash reserves on transformative deals to reposition themselves for the post-COVID world, Reuters reported. Deals worth $1.5 trillion were announced in the three months to June 30, more than any second quarter on record and up 13% from the record first quarter of the year despite activity among blank-check firms slowed down.