Economics

Africa’s Economic Growth Miracle Is Real

Africa’s Economic Growth Miracle Is Real

You should know by now that African economies are growing. Almost every continental analysis leads with impressive data: economic growth rates hover at an impressive 6%; combined GDP will hit $2.6-trillion by 2020; foreign direct investment is flocking in to […]

 
 

China Promises Africa $1 Trillion, But The True Sum May Never Be Known

China Promises Africa $1 Trillion, But The True Sum May Never Be Known

China has pledged to provide $1 trillion in financing (paywall) to countries in Africa over the next 12 years. Speaking at a summit in Hong Kong, Zhao Changhui of China’s state-owned Export-Import (Exim) Bank said the money will go toward helping the region build highways, […]

 
 

Youth Unemployment in Africa: A Ticking Time BOMB!

Youth Unemployment in Africa: A Ticking Time BOMB!

Senegalese opposition politicians denounced the country’s high unemployment rate to mobilize youth against former President Abdoulaye Wade in the country’s 2012 presidential election. Joblessness was one of the main issues that drove the country’s many young people into the streets […]

 
 

The So Called Brain Drain Proving A Net GAIN for Africa

The So Called Brain Drain Proving A Net GAIN for Africa

More than Just Sending Money Home: Engaging the Diaspora as a Priority for Africa’s Development. In Foresight Africa: Top Priorities for the Continent in 2013. Anne W. Kamau and Mwangi S. Kimenyi. Africa Growth Initiative, Brookings Institution. January 2013. Af­rica’s large diaspora has […]

 
 

CLIMATE Change To Cost Africa’s Economies

CLIMATE Change To Cost Africa’s Economies

Adapting to climate change could cost the African continent around USD 7-15 billion per year by 2020, says the United Nations Environment Programme (UNEP). Policy makers are gripped by global warming and climate change issues that they believe threatens coastal […]