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
In West Africa, it is estimated that 57% of the population has no access to electricity, underperforming the continent’s average of about 50%. Although comparable to the continental average, the difference with the developing world (23%) is striking. Considering that the region has become one of the fastest growing places on the continent, energy is considered a substantial bottleneck.
On Sunday, March 8, the world celebrated International Women’s Day. As a lead up to the event, the African Development Bank dedicated an entire week to raising awareness on gender issues.
Coffee is a universal drink with considerable economic impact. It is the most traded agricultural product in the world in terms of volume, coming before wheat, and the second raw material, in value, after oil. World coffee consumption is measured in bags. Current consumption is 140 million bags and is expected to reach 175 million bags by 2020. In the meantime, we therefore need to produce an extra 35 million bags, most of which will be of robusta coffee.
2014 has been crucial to creating momentum for a climate change agenda. More than half a million people took to the streets for unified climate action at the New York People’s Climate March, while policy-makers concurrently discussed the challenge of a changing climate at the United Nations Climate Summit.
Ebola is certainly having some devastating effects on Liberia, Sierra Leone and Guinea, but the ongoing narrative on the economic impact of Ebola may even create much more damage than those very adverse consequences it is intending to capture. At the recent World Bank Annual Meeting, shortly after the Bretton Woods institution released a study pointing to billions of potential losses due to the Ebola, AfDB President Donald Kaberuka rightly warned the world of the need to be careful about doomsday narratives.
- KPMG Africa Blog
- UN Women, West and Central Africa
- The Trade Post | Making international trade work for development
- Institute for Security Studies: West Africa
- Oxfam: West Africa blog
- CGD Policy Blogs | Center For Global Development
- NEPAD blogs | NEPAD
- blogAfrica | allAfrica
- Baobab | The Economist
- United Nations Office for West Africa
- Nasikiliza | World Bank in Africa