BY UNCTAD Introduction Africa has experienced high and continuous economic growth in the past decade, prompting analysts to argue that the continent has reached a turning point in its development history and is poised to play a more significant role in the global economy in the twenty-first century. The average annual growth rate of real...
By Chantal Uwimana Once again, the Corruption Perceptions Index results are not fundamentally different from previous years: the majority of African countries still have a score of less than 50 per cent, which in our view depicts a situation of endemic corruption. In a continent with high level of economic growth rates (compared to many...
By Katie Benner The global groundswell against Uber is, on its face, a futile fight because Uber has a huge war chest it can use to beat back legal challenges around the world. If the goal is to get rid of all companies offering Uber–like apps and service, well, that moment has passed, too. Consumers...
Paul Taylor , SAP When Vasco da Gama, the 15th century Portuguese explorer, landed in Kenya searching for a sea route from Europe to India, he found Chinese traders who had arrived in Malindi earlier that century following a series of expeditions sponsored by the Ming dynasty. Today, five centuries later, as Western companies wake up to...
By Fasika Tadesse The National Bank of Ethiopia (NBE) is on the process of establishing its own banknotes and security printing factory to print cash locally. The Bank announced a tender two weeks ago to hire an international consultancy firm to conduct a feasibility study for the printing plant on the state owned daily newspaper,...
Corruption is one of the most serious challenges of our time. Nearly all of us are victims of corruption: whether we are poor and cannot afford to pay a bribe for basic services or taxpayers whose hard-earned money gets misappropriated. Victims of wars and conflict, voters whose democratic rights are stolen by money politics or...
BBC News- The chaos and conflict that once consumed the port of Mogadishu are now gone and a few foreign investors are starting to move into Somalia. Turkey is leading the way – but why is there such a strong bond between these two countries? Where once rival militias battled for control of these docks,...
Addis Ababa ( The Reporter) – Ethiopia is the second most populous country in Africa with a population of around 90 million. Besides being an ancient country with over 3000 years of recorded history behind it, Ethiopia is also the cradle of the human race. Some 2,500 km to the north-east of Ethiopia is a...
Executive summary The African Economic Outlook 2014 announces steadily progressing economic and social conditions that bide well for the immediate future. The report analyses Africa’s participation in global value chains and shows how the continent is adapting to today’s dynamically changing markets. Africa’s macroeconomic prospects remain favourable. In 2013, Africa maintained an average growth rate...
Editor’s note: The Horn of Africa region is known for its civil war, terrorism and famine, it’s also home to some of the fastest growing economies in the world with large untapped natural resources. However, there is widespread unemployment, particularly among the youth, pervasive corruption and lack of transparency that are posing huge challenges, hindering...