This is a critical moment for sub-Saharan Africa. The region faces slowing growth, but with the right policies many countries are well positioned to ride out the storm, according to the latest issue of the IMF’s quarterly magazine, Finance & Development (F&D).
The African Development Bank Group (AfDB) is set to unveil strategies of creating 25 million jobs for young people over the 10 years in its member states. The strategies are contained in the group’s new agenda for the continent’s economic transformation that are to be revealed at this year’s annual meetings scheduled to take placeRead More
Opinion - The week preceding the International Labour or Workers' Day Celebrations on May 1st and a few days after it saw a flurry of forums, workshops and, on a more practical note, job fairs. These activities ranged from the Second Regional Employment Forum, presided over by the Right Honourable Prime Minister on April 25th 2016 to a big job fair the following day, the Labour Day Celebration itself on May 1 at Amahoro Stadium as well as the Business Development Fund Stakeholders Forum and the launch of Rwanda's fi
Shutting the world’s largest refugee camp could unleash a new wave of human migration across North Africa and Europe, according to World Vision UK. The international children’s charity issued its warning to mark World Refugee Day on 20 June 2016. Closing the Dadaab camp in Kenya will risk a humanitarian disaster when 350,000 Somali refugees will be forced to move back to their home country. War-torn Somalia is facing immense food shortages and an economic crunch that has been exacerbated by an El Nino-induced drought. World Vision believes many refugees will choose to seek new lives elsewhere rather than return to dangerous areas without schools, hospitals, homes or jobs.
With around 795 million hungry people in the world, and an additional 60 million needing food aid in the wake of droughts and crop failures caused by El Niño, agricultural ministers from the G20 countries meeting in China this week have an enormous challenge ahead of them, says the president of the UN agency dedicated to assisting smallholder farmers. With around 795 million hungry people in the world, and an additional 60 million needing food aid in the wake of droughts and crop failures caused by El Niño, agricultural ministers from the G20 countries meeting in China this week have an enormous challenge ahead of them, says the president of the UN agency dedicated to assisting smallholder farmers. IFAD invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition and strengthen resilience. Since 1978, we have provided about US$17.7 billion in grants and low-interest loans to projects that have reached some 459 million people.
Digital connectivity has the potential to do for Africa what railroads did for Western economies in the 19th century. The digital revolution is not just about communication. It is about recognizing that information is the currency of all economic activities. Unfortunately, despite the rapid
“Kenya leads the region,” the report shows, “But mobile money transactions are also growing rapidly in Tanzania and Uganda, where the transactions doubled in the last three years in terms of broad money
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