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1.8 References: Economic Report on Africa 2007
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Wanted: jobs for Africa’s youth - Education and training
“It is clear that to rise out of poverty, the people of our continent need jobs and education,” says ECA Executive Secretary Janneh. “Not just any job, but one that provides a decent wage and employment conditions.” According to the Addis Ababa-based ECA, it is crucial for countries to expand training, lifelong learning, education and other means of improving skills, with a particular focus on young people.

2.3 Social Development I: Economic Report on Africa 2007
While growth has recovered on the continent, the gains in terms of social development and poverty reduction are still limited. This sub-section reviews the evidence on social development through the lenses of the MDGs. Following a discussion of progress and challenges for the various goals, the sub-section provides a more detailed discussion of the challenges posed by HIV/AIDS. More details on progress towards the MDGs in Africa is provided in various ECA documents, including a forthcoming report (UNECA 2007), as well as reports by other United Nations publications (e.g. UNDP and UNICEF 2002).
2.4 Growth prospects for 2007 and the medium-term outlook: Economic Report on Africa 2007
Africa is expected to grow at a rate of 5.8 per cent in 2007, slightly higher than the rate recorded in 2006 (5.7 per cent) (figure 2.8). Positive growth rates are projected for all subregions led by North Africa (6.6 per cent), East Africa (6.0 per cent), Southern Africa (5.4 per cent), West Africa (4.9 per cent) and Central Africa (3.5 per cent).
Is the United States of Africa already here?
The proposal to officially create a United States of Africa may not have come at a better time than now when international trade is dictating the pace of development thanks to technological innovation. You may not have noticed but recent trends indicate that the United States of Africa is already here. Through various communication technologies, Africa has transformed into a large business unit.

Blogging Africa into the 21st Century
Discussion on Africa’s development is taking a new dimension. Bloggers have joined this debate and are employing new ways to initiate dialogue about Africa’s development round the world. The latest craze that seeks to use technology to push Africa into the 21st Century is the Carnival of Africa Enterprising. This is basically a traveling web magazine or blog that discusses business in Africa.
Outsourcing Business Processes to Africa
For those of you who have not known me long, you may not have known me long-but you do know that I am crazy about letting others know why they should be doing business in Africa. But people are imperfect, as I wholeheartedly admit that I am an example of human imperfection. It has occurred to me that sometimes in my zest for talking about Africa’s business environments, I may tend to speak in a very general sense. But maybe if you have been on the receiving end of such a conversation, and you have said to yourself-”what type of business in Africa?” or “Africa, I thought that people only go there to help the needy”.
Shining Star-the Africa Report
I recently caught another episode of the Africa Report , which appeared on The Africa Channel. The show was so good that I decided to share with you some general feedback.
New Approaches to Trade Development in Africa
One of the new approaches that can be used to foster trade development in Africa is establishment of export processing zones (EPZs). EPZs or duty free zones are areas where domestic and foreign firms locate their production facilities for manufacture, assembly or processing of goods.
From Rhetoric to Action: The African Investment Climate Facility
The Investment Climate Facility (ICF) for Africa, an innovative public private partnership aimed at making Africa a better place in which to do business, was launched. The Commission for Africa, convened by the United Kingdom government, had proposed the initiative, which was endorsed at last year's World Economic Forum Africa Economic Summit and by the leaders of the G 8 industrialized nations at their summit in Scotland. According to ICF Co Chair and session Chair Niall FitzGerald, Chairman, Reuters, United Kingdom; Member of the Foundation Board of the World Economic Forum, the facility had already received US$ 90 million in commitments. Additional unspecified pledges made by the European Union and the African Development Bank during the session were likely to push the total above US$ 100 million.
How to Spend It: Making the Most of Aid
Africa can absorb and manage increased aid flows. That was the consensus expressed at the plenary session. In his introductory remarks, Graham Mackay, Chief Executive, SABMiller, United Kingdom; Co Chair of the Africa Economic Summit 2005, made clear his view that there is no realistic alternative to continuing aid, with a doubling of flows needed over the next three to five years. This, though, he warned, runs against the present current of declining flows.

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