It is a misconception in many African countries that climate change is a ‘first world problem. While Africa has contributed little to global warming, Africa economies and environmental ecosystems is nevertheless disproportionality vulnerable to its impact. The continent risks economic regression, which could undo all the progress that the...
RWANDA: A regional trade hub – Tunde Olupitan interviews Hon. François Kanimba, Minister of Trade and Industry, Rwanda Mr François Kanimba has been one of the main architects of economic reforms implemented in Rwanda in the last 15 years which allowed the country to be one of the fastest...
Total external financial flows to Africa reached a new record high in 2012, totalling USD 182 billion, driven by FDI and remittances. there have been two major trends: Remittances overtook aid and FDI for the first time and became the largest external financial flow to Africa; second, Africa’s increasingly...
Tigo Tanzania in a partnership with Facebook have agreed free access to Facebook services in English and a new Kiswahili version through their mobile handsets. It is the first time that Facebook will be free on any mobile network in East Africa. Speaking at the launch of the partnership in...
Has recent Sub-Saharan African growth translated into improved living conditions for ordinary Africans? By Andy McKay High rates of African growth reported in many Sub-Saharan African countries raises concerns about living standards for ordinary African people, with many reporting shortages of food and healthcare.  This article assesses changes in living conditions...
Carlos Lopes at the Yale African Development Colloquium on Monday, said a new brand of Africa is emerging; “one that exudes confidence, attractiveness for investments and that has considerably lowered risk, with investment reaching US$50 billion in 2012.” New Haven, USA, 14 April 2014 (ECA) – A decade after former...
Uganda’s oil wealth: Development prospects and potential dutch disease effects By Lawrence Bategeka and John Mary Matovu Uganda’s development prospects were greatly enhanced by the country’s discovery of oil deposits in 2006. However, the desired economic transformation can only be realized if government’s spending options of oil revenue supports exports diversification...
There is an increasing international perception that Africa is standing now at a turning point. It has become one of the world’s top growth areas (5.6% per annum) thanks to the structural reforms being put in place and its demographic dividend for the next 40 years. After being seen...
The article examines the challenges facing the non-implementation of the ‘ECOWAS’ Protocol on the Free Movement of goods, services, persons and capital. In its finding, several problems including the lack of Political commitments, administrative restrictions, civil conflicts, wars and terrorism are major obstacles to the implementation of the Protocol...
The main purpose of this paper is to investigate the causality relationship between energy consumption and economic growth in four low-income countries in Sub-Saharan Africa using the econometrics in time-series methods. Along the estimation process, the author uses the annual data on energy consumption and real GDP per capita...