Tag Archives: economic development

economic development: Latest News

  • World Bank Paying Ethiopia $68M For Carbon Trading, Green Business Development

    carbon trading By Mongabay, 1:34 pm

    Ethiopia has failed to make the most of emission reduction projects that allow developing countries to sell certified carbon credits, a stakeholder said. Making carbon credits marketable requires time, substantial investment and resources. Even then, a prospective buyer might reject them. Proponents say the carbon trading projects can’t come soon enough. The country is losing five times more forest than it’s planting. If Ethiopia is strategic, it can sell abundant resources like water to help power industrialization, boost tourism, boost electricity generation and create a wealthy green economy. And it’s renewable.

  • Will Townships Germinate S. African Economic Development?

    By Dana Sanchez, 11:25 am

    An estimated 2.4-million people work in South Africa’s informal sector. The country’s future development will come from small businesses in townships, not from big government-subsidized operations, one stakeholder says. These will be enterprises that start as one-person operations and then grow — businesses that are scalable, and that break out from the informal economy to become part of the formal economy.

  • Is Mugabe’s Chairmanship A Risk To The Future Of SADC?

    By Andrew Friedman, 2:49 am AFKI Original

    Recent studies show the Africa rising narrative is more than just words, millions are still left in dire poverty. Additionally, of the 15 member states of the SADC, only four (South Africa, Namibia, Botswana and Lesotho) are considered “free” by Freedom House, meaning the community requires a great deal of good governance and human rights assistance. Mugabe’s economic track record does not lead to much hope regarding his ability to raise funds across the SADC that will make it an effective and self-funded body. His fiery rhetoric and international relationships do not lend themselves to the belief that he will be willing or able to raise foreign funds. This leaves only cutting programs, something Mugabe has alluded to, in a time where international and regional collaboration is vital for the SADC countries. In short, Mugabe’s ascension to the chairmanship is a genuine risk to the SADC’s future.

  • Sierra Leone to Model Economics After Liberia’s Open Budget Initiative

    By Makula Dunbar, 12:51 pm

    A three man delegation from the Ministry of Finance Economic & Development Planning of Sierra Leone is in the country for a two- day study tour on Liberia’s Open Budget Initiative and E-billboard. Speaking at the opening of the study tour section Tuesday, June 24, 2014, the head of the delegation Mr. Amadu Sidi Bah, said they are in Liberia to study

  • US Stepping Up Presence In Sub-Saharan Africa Energy Boom

    By D.A. Barber, 2:51 am AFKI Original

    Sub-Saharan Africa is one of the fastest-growing economic regions in the world, with the International Monetary Fund predicting continued growth as part of the continents economic transformation. Much of that transformation has to do with a fast-growing middle class, as well as vast agricultural and mineral resources, which are attracting investors and businesses from around the world.

  • Netherlands to Come to Kenya’s Security Rescue

    By Makula Dunbar, 5:11 pm

    The Netherlands Government will not evacuate her citizens from Kenya over insecurity threats. The Dutch government will however collaborate with the Kenyan government to improve on the security situation and mutual economic development. The country’s Ambassador to Kenya Joost Reintjes said his government was not planning to issue advisories which affect the country’s economic sector because Kenya is its major economic partner.

  • Jobs Are Africa’s Best Response To Boko Haram, Dangote Says

    By Dana Sanchez, 5:27 pm

    While the Nigerian economy is Africa’s largest and enjoys growth of more than 7 percent, it has failed to bring prosperity to its largely Muslim north, making the area a breeding ground for radical groups like Boko Haram. Nigeria must deploy economic resources to its poorest region, according to a ChristianScienceMonitor editorial. Africa’s richest man is doing it. President Goodluck Jonathan must do it too. Sending more troops is not the best answer.

  • Kenya Private Lending Rises As Interest Rates Spread Narrows

    By Kevin Mwanza, 3:18 am

    Kenya private lending grew 17.4 percent year-on-year to August 2013 as investors enjoyed cheaper credit facilities after banks reduced their loan rated and raised their interest on savings, reducing the interest rate spreads. Latest data from the Treasury showed that commercial banks average lending and deposit rates have gradually declined to 16.96 percent and 6.36 […]

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