Browsing: Africa’s future

Africa's future

Charting Africa’s future: Resilience, inclusion, and transformation in an era of uncertainty

Industry and Trade
  • Africa’s future remains uncertain as economies weather chronic funding shortfalls, persistent trade disruptions, and a sharp rise in debt burdens.
  • Faced with these challenges, however, investing in smart infrastructure, and supply chains that power intra-African trade could be among the most transformative plans of the decade.
  • Enhancing tax revenue through digitalisation, widening the tax base, and administrative efficiency could also help economies to thrive.

At a time when the global economic order is being reshaped by cascading crises—from pandemics and climate change to geopolitical conflicts and mounting debt—Africa’s future remains uncertain.

During African Consultative Group meeting with IMF Managing Director Kristalina Georgieva, held on the sidelines of the IMF-World Bank Spring Meetings in Washington D.C., Claver Gatete, Executive Secretary of the United Nations Economic Commission for Africa (ECA), delivered a compelling vision for the continent: Africa must lean into resilience, inclusion, and transformation to secure its future.

While addressing global …

EABC Heads want more funding for Africa’s innovators

Tech & Business
  • There is a huge need for business owners, policymakers, and African leaders, in general, to capitalise on the investment in more research, higher education and science
  • Academic institutions need to build skills and knowledge of young professionals in areas of research, innovation, science and technology in order to benefit from the natural resources and improve the livelihoods of East Africans
  • Africa has the strongest growing scientific production currently at 38.6 per cent since the start of 2012 with the number of authors subsequently growing at a slightly higher rate of 43 per cent over the same period

The Academic Public-Private Partnership Forum (APPPF) has called for more funding to be availed to Africa’s researchers and innovators. This will largely drive up the continent’s sustainable economic development.

According to data by statista.com, despite Africa comprising 12.5 per cent of the global population, the continent still only accounts for less than 1 …