Urbanization in Sub-Saharan Africa (SSA) is generally highlighted as a puzzle that deviates from the stylized facts in the literature. Using data from a panel of 29 urbanizing countries in SSA from 1985 to 2019, the study employs the two-step system generalized methods of moments to investigate...

In this paper, we attempt to unpack the nature of revealed inconsistencies in two measures of risk preferences for a sample of young African South Africans. The first measure is a self-reported propensity to take risk in general, and the second is a risk preference elicited through a...

This study aims to analyze the economic impacts of infrastructure investment in Africa, focusing on the Guinea-Bissau economy. Through a dynamic CGE model, we find that the natural resource revenues (or aid)-funded infrastructure investments generate externalities that increase factor returns....

This study used monthly panel data for the period March 2020-April 2021 in analyzing the differences in the impact of the COVID-19 pandemic on price stability in the East Africa Community (EAC) region. We also sought to establish the effectiveness of the governments’ policy response measures...

Though East Africa has ample resource endowments for electricity production, the region has the lowest performance in generating electricity, and millions of people are living without access to electricity. To fill the electricity gap countries used fossil fuels as the major source of energy,...

Cover -- Contents -- Foreword -- Introduction -- 1. A Currency at the Service of the 'Colonial Pact' -- 2. The CFA System -- 3. Resistance and Reprisal -- 4. France in Command -- 5. At the Service of the Francafrique -- 6. An Obstacle to Development -- 7. An Unsustainable Status Quo -- Epilogue...