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
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.
A first and a second blog post on the theme of “Industrialization in West Africa” took stock of industrial development in West Africa and presented some of the strategies that could boost industrialization in the region. While all the mentioned strategies are relevant, provided they are adequately implemented, this post has a focus on the regional value chains (RVCs) strategy, and will highlight the benefits from this model.
The populations of Togo (7 million) and Switzerland (8 million) are quite similar. Likewise, the area covered by the two countries is not too different – 56,785 km2 for Togo and 41,285 km2 for Switzerland. On the other hand, Togo has 12 times more agricultural labour force than Switzerland and, despite this, Switzerland is well ahead of Togo in terms of consumption of fertilizers per hectare (15 times), number of agricultural machines used on arable area (4,000 times), productivity of cereals per hectare (6 times) and consequently of value added per agricultural worker (32 times) . This means that a kilo of cereal produced in Togo is valued five times (32/6) more when produced in Switzerland due to product quality, compliance with norms and standards and market vicissitudes.
One of the reasons why agriculture in Africa has been lagging behind the rest of the world is because small-scale farmers are often reluctant to adopt better but unfamiliar practices. How can this cycle be broken? This article looks at two contrasting responses to adaptation – one in Ghana and one in Benin – and the impact they have produced.
On the occasion of World Food Day, the Sahel and West Africa Club Secretariat (SWAC/OECD), in collaboration with the Economic Community of West African States (ECOWAS), the West African Economic and Monetary Union (UEMOA) and the Permanent Inter-State Committee for Drought Control in the Sahel (CILSS), is launching a film dedicated to the Food Crisis Prevention Network (RPCA). The objective is to raise awareness about the success of the Network, which for 30 years has been engaged in the fight against food and nutrition insecurity in the Sahel and West Africa.