In the world of Finance and business, investment diversification is a way to ensure long term growth with minimal risks. This is because gains from profitable products offsets losses incurred by non-profitable ones. Even though the same concept applies to a country’s economy, governments find it difficult to follow this well-known rule of the Finance world. This is the case for some of the member States in ECOWAS, which tend to rely mostly on the sale of one particular product when it comes to merchandise export.
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Analyst Kingdom is a place where you can read about data-driven insights and notes about economic, financial, social and cultural subjects regarding Africa.
Looking at how the different countries on the continent have evolved throughout the years, we can get a good picture as to where they are headed.
Top 5 Currencies in Africa
December 31, 2019
The Africa Continental Free Trade Area (AfCFTA)
November 3, 2019
The Erosion Of African Social and Cultural Values
October 31, 2019
Regional Economic Communities In Africa
October 27, 2019
Eco: Single Currency for West African Economic Bloc
October 24, 2019