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Africa’s economic progress now seems on a firm footing after a third straight year of satisfactory performance in 2005, with overall growth of 5 per cent, average per capita income up 3 per cent and inflation steady at under 10 per cent. Two-thirds of the 30 countries surveyed in the Africa...
Persistent link: https://www.econbiz.de/10012446950
Strong commodity prices are driving Africa’s growth, which should be about 6 % in 2007 and 2008. External vulnerability is a function of its limited integration into international trade and investment flows. Africa should mobilise external sources more strategically. In this respect, aid for...
Persistent link: https://www.econbiz.de/10012443031
Against a backdrop of sustained global growth and high commodity prices, Africa has experienced its best economic performance in many years. While recent economic performance is not merely driven by favourable external factors, African economies still lack proper “shock-absorbers” to...
Persistent link: https://www.econbiz.de/10012443075
African countries face high youth unemployment and a skills shortage. Technical and vocational systems in Africa are poorly funded and managed. Skill-development strategies need to be integrated into poverty-reduction strategies and focused on sectors with promising employment prospects.
Persistent link: https://www.econbiz.de/10012447058
Africa is unlikely to reach the drinking water and sanitation Millennium Development Goals. Disparities among countries are large, and the deficit in sanitation is greater than that for drinking water. Serious reforms in institutions, legal frameworks, and policies are needed.
Persistent link: https://www.econbiz.de/10012444467
Access to energy is essential for economic, social and political development. Despite its enormous potential in fossil and renewable energy sources, Africa suffers from major energy deficits. The continent’s resources are underexploited or exported in raw form or wasted in the course of...
Persistent link: https://www.econbiz.de/10012444644
Limited access to finance is a major obstacle to development of SMEs in Africa as their inherent higher perceived risk makes financial institutions reluctant to lend to them and adequate financial instruments lack.
Persistent link: https://www.econbiz.de/10012444813
Persistent link: https://www.econbiz.de/10010488591
The focus on war and anecdotal evidence hides real progress towards more stable and open political systems in Africa. This is demonstrated by a new indicator based on a systematic screening of political events and decisions over the last ten years. The diagnosis for 2004 and 2005 is more...
Persistent link: https://www.econbiz.de/10012444513
Persistent link: https://www.econbiz.de/10003711503