The received wisdom comes to us from every direction: poverty rates are declining and extreme poverty will soon be eradicated from the face of the earth. This narrative is delivered by the World Bank, the governments of rich countries, and – most importantly – the UN Millennium Development campaign. Relax, they tell us. The world […]
poverty reduction
Posted inBusiness, News/Politics
The importance of private sector growth and development in Africa
The private sector is Africa’s primary engine of growth. It generates an estimated 70 percent of Africa’s output, approximately two-thirds of its investment and 90 percent of employment on the continent. Based on these statistics supplied by the African Union (AU), the creation and development of private sector jobs is seen as one of the […]
Posted inBusiness, News/Politics
Tracking economic growth and poverty reduction in Africa
Africa is currently experiencing its most dynamic growth period in recent times. Our continent has achieved an overall growth rate above 6 percent for most of the last ten years. This makes Africa one of the fastest growing regions in the world today, with notable progress in nearly all dimensions of development. Between 2000 and […]