Africa’s economic outlook faced fresh headwinds this week, as the African Development Bank warned that rising temperatures could erode up to $20 billion from vulnerable economies. Inflation accelerated across much of the continent after last year’s easing, and economists urged Nigeria and South Africa to diversify their trade as global protectionism intensifies.
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After two decades focused on expanding financial inclusion, the next challenge for African financial systems is no longer bringing more people into formal finance but ensuring digital services remain trusted, reliable and resilient, according to a new report by Bridgforte.
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