Africa is not poor, yet Africa has piqued the interests of economists for the last half century and there is a good number of academic literature on why Africa is poor. This is because for the resources available to Africa, both natural and human capital potential, the continent has...
It wasn’t US President Donald Trump’s intention, but he did his successor Joe Biden a potentially historic favor through his incitement of the violent insurrection at the US Capitol on January 6, for which the House impeached him for an unprecedented second time this week.
No right-minded individual would wish...
It will be erroneous to think that the official commencement of the African Continental Free Trade Agreement (AfCFTA) on January 1, 2021, has been rushed since it is not an event but a process, Wamkele Mene, the AfCFTA’s Secretary General, has said.
Responding to critics who opine that the agreement’s...
The 2020 Mastercard Index of Women Entrepreneurs (MIWE) has once again ranked Uganda (39.6%), Botswana (38.5%) and Ghana (36.5%) as the world’s three leading economies having the most women business owners. The Index’s benchmark indicator is calculated as a percentage of total businesses owners, and all three countries have...
When President-elect Joe Biden is inaugurated next week, he will quickly move to transform most dimensions of US policy. A glaring exception is China. But if Biden maintains outgoing President Donald Trump’s confrontational approach to the world’s second-largest economy, he will come to regret it.
While Biden may be less...
A new report has projected Africa’s consumption of the internet to increase by over 300 percent every month, as the pandemic has forced many activities online – a development which could add about US$180 billion to the continent’s economy in the next five years.
The report dubbed ‘e-Conomy Africa 2020’...
Higher debt levels, weaker debt affordability, and low buffers pose significant challenges, given limited institutional capacity
Growth recovery will vary throughout the region
Tourism-dependent economies like Kenya, Mauritius and Tanzania will particularly see a slow recovery
Low domestic revenue mobilisation will continue to plague SSA sovereigns; particularly Nigeria, Ethiopia...
The World Bank plans to invest over US$5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti.
World Bank Group President David Malpass announced the investment at the...
— But only if it looks beyond the obvious options
For decades, many of Africa’s oil- and gas-producing states followed a predictable pattern. They treated their oil and gas primarily as raw materials that could be sold abroad for a quick profit, rather than as a means of supporting efforts...