For the past decade, Africa has had strong growth. A new economic momentum has been created. The continent weathered the financial crisis and has bounced back. But headline economic growth is not enough. Deliberate policies to reduce inequalities and promote inclusion are now needed more than ever before. It is time to focus on what people want: decent work, a living wage, access to basic service, more democracy and accountable governments.  Africa and its people aim to be a pole of growth in the decades ahead. Read more

11Dec2013

Financial inclusion key to sustainable growth for all in Africa

African economies have been growing at an average GDP rate of more than five per cent annually since 2004, and many are expected to attain middle to high income level by 2060. However, this vision cannot be achieved without a sound, developed and competitive financial sector. Notably, a well-functioning financial system will be a critical prerequisite to achieve sustained and inclusive growth.


21Jun2012

Global Economic Crisis and Rising Protectionism

The slowdown in the euro zone economy in 2011 is expected to deepen in 2012, with recent evidence indicating that the debt ridden single currency bloc is in a «mild recession”. Historical evidence shows that recessions tend to bring about protectionist policy measures as a means to cushion against the impact of external shocks.


13Dec2011

Rising Currency Volatility in Africa

Since the beginning of 2011, currency depreciation has occurred in South Africa, and the Rand monetary area, comprising Lesotho, Namibia and Swaziland, and also in Botswana (Figure 1). Mozambique is the exception where, in fact, the currency has appreciated by about 20 per cent to date.