An Extraordinary Journey (Video)
On his recent trip to Africa in early July, US President Barack Obama announced his $7.bn Power Africa initiative focused on just six countries the US believes have the greatest potential to succeed in addressing the continent’s electricity needs. To…
Africa’s Coming Crash and How the Green Economy can Prevent it
By Michael Street The future of the world is green and when we plan for our future we must do so on the basis of green technologies. All the more so because we have not heavily invested in old technologies…
Boomtown – Can Ethiopia Become a Model for African Growth?
By Florence Beaugé LE MONDE/Worldcrunch Once it was USA for Africa, now Ethiopia’s expats are returning to be part of a striving new middle class ADDIS ABABA – It is a strange-looking capital. A gigantic open-air construction site, located at an…
Africa’s Economic Boom: Five Countries to Watch
By C. Matthew Hawkins April 12, 2013 South Africa, Nigeria, Angola, Ghana, and Ethiopia all have economies that are growing at a brisk pace. But their future depends on how they invest that money, writes Matthew Hawkins. As competition for…
Zimbabwe Economy Makes Amazing Recovery
April 09, 2013 The Washington-based Cato Institute published on 18 March 2013 a fascinating study of Zimbabwe’s economy titled “Zimbabwe: Why Is One of the World’s Least-Free Economies Growing So Fast?” The author, Craig J. Richardson, an associate professor of…
BRICS To Establish Bank To Rival IMF, World Bank
By Bukola Idowu Brazil, Russia, India, China and South Africa known as BRICS are set to approve the establishment of a developmental bank that will rival the World Bank and the International Monetary Fund (IMF) at their annual summit which…
A Growing Opportunity – Measuring Investments in African Agriculture
Introduction Sub-Saharan African agriculture could, and should, be thriving. According to the World Bank, the region has the right conditions to feed itself: enough fertile farmland, enough water and enough favourable climates. According to the International Fund for Agriculture Development…
Embracing Africa’s Economic Potential (Videos)
U.S. Senator Chris Coons Chair, Senate Foreign Relations Subcommittee on African Affairs March 7, 2013 Recommendations for Strengthening Trade Relationships Between the United States and Sub-Saharan Africa TABLE OF CONTENTS Letter from Senator Coons Executive Summary Detailed Examination of Recommendations…
What is the Green Economy?
By Michael Street The laws of physics will not change, so the rules of economy must – Oliver Greenfield, Convenor, Green Economy Coalition It is becoming increasingly clear that a global green economy is the only viable route to a sustainable…
China’s Economic Statecraft and African Mineral Resources – Changing Modes of Engagement
A new study suggests that China’s model of providing large concessionary loans for infrastructure projects to be paid back by sending oil and minerals to China is gradually changing. Ana Cristina Alves authored a report titled “China’s Economic Statecraft and…
Oil in Uganda – International Lessons for Success
The technical challenges of extracting Uganda’s waxy, on-shore oil has prevented production so far and means that full capacity will probably not be reached until 2020. In the meantime, the debate is underway over the management of Uganda’s oil in…
The Rise and Fall of (Chinese) African Apparel Exports
Dec. 19, 2012 The Centre for the Study of African Economies at Oxford published in August 2012 a study titled “The Rise and Fall of (Chinese) African Apparel Exports.” Written by Lorenzo Rotunno, Pierre-Louis Vezina and Zheng Wang, it explained…
One Continent, Two Approaches: The U.S. and China in Africa (Videos)
Photo: Senator Chris Coons, Democrat from Delaware Dec. 19, 2012 The Center for American Progress in Washington hosted on 18 December 2012 a panel discussion on the US and China’a approach to Africa. Senator Chris Coons (Democrat from Delaware), Chairman…
Growth Path in Africa and The Chinese Influence (Must Read Article)
By Andrew Moody and Zhong Nan (China Daily) Dec. 17, 2012 “Ethiopia is following a development path similar to that of China” – Ethiopia’s minister of finance and economic development As African economic prospects brighten, there is debate about which…
African Development: Dead Ends and New Biginnings (By Meles Zenawi)
PRELIMINARY DRAFT (Not for quotation) This draft for discussion comprises selected extracts of a monograph under preparation. They include drafts of a couple of chapters in their entirety, the concluding sections of several chapters and in some cases, only the…
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