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Development Research Briefs - The G20 in Africa: Issues and Concerns
The global economy is experiencing immense contraction in output. There is also a substantial rise in unemployment in key sectors that depend on global demand. Mining is one of them. In Africa, job cuts in the mining sector are pervasive. De Beers has already lost 4,500 jobs in Botswana. Similar numbers of job losses have been reported in the Democratic Republic of Congo (DRC) and in Zambia’s copper mines. For Africa, this is, therefore, not a temporary crisis requiring temporary solutions. It will take sustained concerted efforts to return countries on the continent to the previous growth trajectory. African countries need to identify key economic activities in distress — those that threaten unemployment, growth, and poverty reduction.