Cemac growth drop, Uber in Ghana and Obama economic legacy for Africa [Business Africa]

Cemac growth to decline

The CEMAC region recorded a growth of 2.8% last year compared to 4.8% in 2013.

For 2016 fiscal year, the common central bank in the six states of the sub-region projects a growth of 1.7 percent and a decline of 0.1 percent compared to growth in 2015.

The decline in recent years is due to the external shocks, coupled with dwindling economies in the regions.

Jean David Mihamle and Michael Oduor with the in depth story.

Ghana: Uber grows taxi service

Uber, an American online transportation network company has found its way to the metropolis of the black star nation, Ghana.

It is yet to be hit with any protest, unlike in other countries. Uber is convincing traditional taxi drivers to work with them.

Not only is it offering alternative transport services, the cab hailing service says it will add some 1,000 job opportunities by the end of the year.

Michael Dibie and Armelle Nga explain further.

Obama’s economic legacy for Africa

In a few days, Americans will be going to the polls to elect a new president, but what was Obama’s economic legacy really for Africa?

During the first two US presidential debates, the world’s second largest continent, Africa was marginalised which leaves many in doubt on the US bilateral trade relationship with Africa for the next administration?

Kenneth Karuri and Narcisse Ndoumbe report.