The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Measuring the pulse of Economic Transformation in West Africa
West Africa is at the heart of Africa’s transformation. With a projected growth rate of 7.4 per cent in 2014, it is the fastest growing region in the continent. As many of its countries undergo a strong stabilization, emerge from conflict, or even rise to middle income status, the region begins to reap the fruits of its regional and global integration. A global demand for expert opinions and analysis is rising rapidly. Read More
A previous post discussed some of the challenges Liberia is facing in the light of weaker economic growth and how it should focus its efforts on improving the business environment, increasing productivity and value-added in agriculture, and attracting investment in non-extractive sectors. A key part of this effort is to address Liberia’s severely inadequate energy and road infrastructure, which have been identified by various analyses as a critical binding constraint to private sector development and diversification, as well as public service delivery. As such, the government has placed strong emphasis on infrastructure development in its development agenda. This post discusses the country’s progress in addressing its infrastructure deficit.
In 2010, the African Development Bank’s President applauded Cabo Verde for having achieved a “policy induced graduation” into the middle-income country group against all odds, as opposed to reaching it through a drive by natural resources. From 1995 to 2007, Cabo Verde’s real GDP growth rate averaged 7.2%, while the GDP per capita grew 5.1% a year over the same period. Good governance, political stability and sound economic policies have been the key ingredients to the country’s success.
An August 2014 blog post during the escalation of the Ebola Virus Disease (EVD) epidemic in Liberia considered how, beyond the health crisis, the outbreak was having a significant impact on Liberia’s economy. Two years down the line, the threat of the virus has receded, yet the economy is facing other challenges, most prominently the drop in commodity prices. The country is at a critical juncture where it should increase attention on enabling the private sector to drive inclusive growth. This post is the first of a short series dedicated to Liberia to discuss some of the issues involved in the process.
The African continent has 54 states, 38 of which have sea access and profit from maritime fishing. Several African lakes (with the two largest ones in the world being lakes Tanganyika and Victoria) and its big rivers (Nile, Niger, Congo, Zambezi) are also rich in fish. In 2015, fish production in Africa amounted to 11 million tons, with 85% coming from catch fishing and 15% from fish farming, accounted for 7% of the world production.
L’Afrique est à la croisée des chemins avec la mise en œuvre des objectifs de développement durable (ODD). Située au centre de l’attention des experts du monde du développement et des décideurs - comme l’a montré la récente 71e Assemblée générale des Nations Unies, la transition ODD-ODM nous mène à un constat de « non-évolution ». Les différentes conceptions énoncées ainsi que les multiples indicateurs proposés n’ont pas permis d’atteindre le développement durable nécessaire pour l’Afrique. Manque de pertinence des données disponibles ou déficit de coordination ? Une chose reste constante et incontournable : l’Afrique ne pourra atteindre un développement durable et tendre vers l’émergence, que si elle prend en charge, elle-même, sa propre transformation économique.