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.

One of the priorities set out in the Capital Flows Initiative of the NEPAD is to increase private capital flows to Africa, whereby providing African economies with longterm affordable and sustainable resources to finance their development. In this respect, lower debt costs may be of utmost...

This book demonstrates how the growing economic power of China and India is already influencing the growth patterns of African countries, particularly oil- and commodities-exporting ones. As world prices for commodities rise, producer countries in Africa and throughout the world will gain, but...