Magazine: Edition 1
In this edition we cover interesting topics. Read Stories...
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More objective credit ratings could save billions for African countries' development
African ministers, development actors and research institutes gathered on 14 April in Washington DC, on the margins of the 2023 World Bank/IMF Spring Meetings, to discuss the impact of credit ratings on the cost of development finance in Africa. At this meeting, organized by the United Nations Development Programme...
Africa in urgent need of concessional financing, experts urge.
For Africa to build resilience and boost economic growth amidst the ongoing triple planetary crisis, there is an urgent need for individual countries to get highly concessional financing facilities in place to address the huge financing need that countries have which has pushed them into debt experts have warned. During...
Support women-led climate change enterprises, experts urge governments
Africa should brace for climate refugees in the coming years-majority of who will be women, if governments and private sector don’t prioritize investment in sound climate change mitigation models, experts have warned. During a recent fire side chat on climate change organized by AfriCatalyst in Dakar Senegal, participants discussed...
AfCFTA Poised to Revive Economies of Landlocked and Small Island Developing Countries
The fundamental role of the African Continental Free Trade Area (AfCFTA) in overcoming the peculiar challenges faced by Africa’s Landlocked Developing Countries (LLDCs) and Small Island Developing States (SIDS) was highlighted in Harare at a high-level event jointly organized by the UN Economic Commission for Africa (ECA) and the...
Africatalyst to host a conference on recycling Special Drawing Rights for Africa's economic recovery.
AfriCatalyst, a leading pan-African development consultancy firm based in Dakar, Senegal, in partnership with The Center for Global Development (CGD), a nonprofit think tank based in Washington, DC, is organizing a hybrid event to discuss and share expertise on the role of SDRs in spurring Africa’s economic recovery. Happening...
Legislation, adoption of new media to foster travel industry recovery.
The travel and tourism industry was one of the sectors most hard hit by COVID-19 and it’s recovery has been slow paced as the countries reopened their borders and governments lifted the travel restrictions. Between January and July this year the number of international travelers reached 57% of the...
We were not forced to cut oil production by OPEC+ - says African ministers
South Sudan’s Minister of Petroleum, Hon. Puot Kang Chol, and Equatorial Guinea’s Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima have rejected accusations that the decision to cut production by OPEC+ was politically motivated, but rather, based on technical factors. The two were speaking during...
Are Hybrid seedlings an alternative for Africa's food security?
Not so long ago, different countries in Africa were well known for their vast food diversity but that has changed over the years. Back then, I remember in my 6th grade we used to study about, Zambia being among the largest producer of maize in the continent. However as of...
Digital transformation of customs and borders to improve Intra-Africa Trade
The digital transformation of customs and borders in Africa could improve efficiencies in processes. Better administration at customs and borders could yield trade gains on the continent of $20 billion a year. This is according to a new report by the World Economic Forum dubbed Growing Intra-Africa Trade through Digital...