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African Economic Development ed Tagged Articles



2.6 References: Economic Report on Africa 2007
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Other African Economic Development ed Related Articles

Post-Annual Meetings Interview with AfDB Chief Economist: Africa needs a business-friendly environment
“African countries need to reduce the high administrative barriers and excessive regulations that result in substantial delays and high transactions costs to firms wishing to invest. Starting a business in most African countries is still relatively costly and getting a licence processed is time-consuming,” says AfDB Chief Economist, Louis Kasekende in an interview granted after the Annual Meetings of the African Development Bank Group, held in Shanghai from 16-17 May 2007.
4.0 Diversification trends in Africa: Economic Report on Africa 2007
The diversification of African economies is one way through which the recent economic growth achievements could be sustained. Africa’s economic transformation can be achieved through both horizontal and vertical diversification. In addition, such diversification will help to build competitive economies that can productively be integrated into the global economy. Diversification is therefore a pre-condition if Africa is to register accelerated development. The scaling-up of current real growth to desired levels and in a broad manner can also be sustained if there is deepening in the diversification of African economies.
New Partnership for Africa’s Development
The New Partnership for Africa’s Development (NEPAD) was adopted as the continent’s main development framework at a July 2001 summit meeting of African heads of state. According to NEPAD, attainment of Africa’s long-term development goals is anchored in the determination of African peoples “to extricate themselves and the continent from the malaise of underdevelopment and exclusion in a globalizing world.”
Sustained growth with equity is needed to halve poverty in Africa
Researchers predict that many African countries will not reach the Millennium Development Goal (MDG) target of halving extreme poverty by 2015. Will accelerated economic growth or better income distribution be most helpful in getting African countries get back on track to achieve the MDG poverty target?

Regional Economic Communities in Africa
Regional economic integration has a long history in Africa. The South African Customs Union (SACU) was established in 1910 while the East African Community (EAC) was set up in 1919. The East African Community collapsed in 1987 but is now being actively revived. Currently there are 14 regional economic communities in Africa.
African Economic Performance in 2004: A Promise of Things to Come?
Against a backdrop of sustained global growth and high commodity prices, Africa has experienced its best economic performance in many years. While recent economic performance is not merely driven by favourable external factors, African economies still lack proper “shock-absorbers” to withstand internal (e.g. drought and floods, political instability, HIV-Aids, etc.) and external (e.g. volatility of commodity prices and exchange rates) shocks alike. They remain strongly vulnerable. In this context, creating the conditions for the development of indigenous drivers of economic activity (starting with a thriving local private sector) is a top priority.
What Drives China’s Growing Role in Africa?
China’s fast-growing economic ties with Africa are attracting considerable attention. The relationship came into the spotlight during the summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing in November 2006 and the Annual Meetings of the African Development Bank (AfDB) in Shanghai in May 2007. While the expansion of trade and investment between Africa and China has been generally welcomed, concerns have been expressed about how China’s growing presence might affect African development.2 But what roles exactly has China played?
Introduction: Stock Market Development in Sub-Saharan Africa
This paper examines the economic importance and the future of African stock markets. It seeks to shed light on the controversial link between stock market and economic growth— from both corporate finance and macroeconomic perspectives. It also discusses policy options for promoting the development of the stock market in Africa.
SME - MILLENNIUM REGION IN THE GABONESE REPUBLIC
WUSME recommends to add supplementary series to the UN Millennium Villages Project by Regions of Economic-, Social-, and Enviromental Excellence. The UN Millennium Villages in African Countries under the auspices of the United Nations and the Earth Institute are a positive example for efficient actions to reach the Millennium Development Goals - MDGs. WUSME WORÉD UNION OF SMALL AND MEDIUM ENTERPRISES’s proposal aims at amending the Millennium Village Project by Regions of Economic Excellence based on a favorable environment for the development of Micro- Small and Medium Enterprises. The basic features of such Regions will briefly be outlined in this article.
The African Market: Challenges for SMEs and Responses
In the presentation of WUSME World Union of SMEs on 20th May 2011 at the VI.African Summit, chaired by the former President of the Federal Republic of Nigeria H.E. Obasanjo, the market trends and opportunities for Micro- Small and Medium Enterpriseswere summarized as follows: Focusing on the economic development in the „Danger Zones” of the African Continent, the Sub Saharan Countries remain a challenge and urgently need to be addressed. These are the African Savanna and Sahel: Niger, Sierra Leone, Mali, Burkina Faso, Guinea-Bissau, Central African Republic, Chad, northern Uganda, Ethiopia and Somalia.

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