Browsing: economy

In the past years, more research has been conducted about the alternatives of our current linear economy that is focused on ‘take-make-dispose’. A circular economy is an alternative model, that enables green growth and green industrialization by closing the loop of resources and by developing regenerative and circular systems. As stressed by Chatman House¹, the circular economy has been mostly seen as a rich-country agenda.

However, the circular economy has enormous potential for lower and middle-income countries. Here are four reasons why circular economy supporters should focus on the (East) African region to unlock the potentials of the circular economy in Africa- and to leapfrog to a Circular Africa.

 African emerging economies as an opportunity to implement a circular economy

First of all, it is important to consider that developed countries might be stronger committed to a linear economy than lower and middle-income countries. The industrial revolution in …

The International Monetary Fund (IMF), the international economic advisory body, has cut its forecast for Tanzania’s economic growth for this year and 2020 to four percent, down from previous expectations.

Tanzania is forecast for economic growth of 4 percent in 2019 before accelerating modestly to 4.2 percent in 2020 – a drop from an estimated 6.6 percent in 2018. In January last year, the IMF said it expected Tanzania’s economy to grow between six and seven percent over the medium term, provided the country increased capital spending and improved its business environment. However, the organization has drastically cut its outlook for the country, predicting growth of four percent in 2019 and a minor increase for 2020.

The Fund also predicts Tanzania’s consumer price inflation will reach 3.5 percent this year and rise to 4.5 percent in 2020.

The IMF’s revised forecast contradicts government estimates that predict the economy will grow …