This study by Evans Yeboah and Václav Adamec, published in the Journal of Social and Economic Development (Springer Nature, June 9 2025), examines the effects of investment and trade on economic performance across twelve ECOWAS member states from 1993 to 2022. Using PMG-ARDL and NARDL estimation techniques, the paper finds that gross capital formation and trade openness positively influence long-run GDP per capita growth, whereas population growth, labor participation, unemployment, merchandise trade, and FDI exert negative effects. External debt is statistically insignificant in the long term. In the short term, increases in FDI and merchandise trade enhance income growth. Nonlinear estimations show that both increases and decreases in FDI dampen growth, while trade expansion boosts economic performance. The authors recommend promoting trade liberalization, improving FDI quality, ensuring sustainable debt management, and implementing labor-market reforms and export diversification strategies.

Governance, Economic Development, Trade, Economic growth

This paper investigates the relationship between stock market development and economic growth across five West African countries (Nigeria, Ghana, Côte d’Ivoire, Senegal, Mali) over the period 2005-2020, using panel data methods including fixed effects, random effects and system GMM estimators. The study assesses how market capitalization, trading volume, turnover ratio and number of listed companies affect GDP growth, controlling for macro-economic and institutional variables. Results indicate a positive and significant effect of market capitalization on growth (β ~0.043), a marginally significant effect of trading volume, and an insignificant role of turnover ratio. The number of listed companies per million population yields a positive effect. Interaction terms highlight that governance quality strengthens the growth impact of stock market development. Panel Granger causality tests reveal two-way causality between market capitalization and GDP growth in some countries. The author concludes that though modest, stock market development importantly contributes to growth, especially under strong institutions, and calls for policies enhancing market depth, governance and regional integration.

Governance, Economic Development, Development, Economic growth

The article examines the growing influence of militant groups, especially the JNIM, in western Mali (regions of Kayes, Nioro, Diboli). After the coordinated attacks on 1 July 2025, a blockade was implemented, disrupting transport and economic flows (buses stopped, fuel tankers attacked). The Bamako–Kayes–Dakar corridor, essential for energy supply and commercial exchanges with Senegal, is now endangered. Mali is attempting to bolster its military infrastructure (including a new camp in Nioro) but struggles to maintain a lasting presence, while the terrorists favour high-impact, mobile operations rather than permanent occupation. Senegal is engaging in mixed border patrols, recognizing that the threat, although diffuse, remains real.

Governance, Boundary, Security, Terrorism, Economic growth

The 2023 Economic Report – Côte d’Ivoire, published by the Swiss Embassy in Côte d’Ivoire (June 2024), reveals that the Ivorian economy sustained strong growth despite global shocks (COVID-19, Russia-Ukraine crisis). In 2022, growth reached 6.9 %, followed by 6.5 % in 2023. Inflation fell to 4.4 % in 2023, and the budget deficit was reduced to 5.2 % of GDP. However, public debt stands at about 58 % of GDP, approaching the upper limit defined by UEMOA. The report highlights the challenges stemming from an informal economy, which accounts for around 90 % of GDP, and emphasizes the need for formalization to boost tax revenues. On trade, the growth of processed exports (cocoa, cashew, gold) is significant, while imports remain dominated by fuel, machinery, and industrial goods. The report recommends strengthening infrastructure, improving the business climate, digitizing the economy, and fighting corruption to support sustainable growth.

Governance, Economic Development, Public debt, Inflation, Economic growth