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Continental initiatives drive Africa’s infrastructure growth
17-Dec-2017 - Continental initiatives are driving the new growth in infrastructure demand in Africa. This was the message conveyed to donor partners at the 23rd Oversight Committee (OC or Board) Meeting of the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor Special Fund hosted by the African Development Bank (AfDB).
African Economic Conference: Should Africa be inspired by China’s industrial development?
11-Dec-2017 - Africa, which struggles to boost its industrial sector, has decided to seek inspiration from the Chinese model.
Remittances can harness Africa’s development, researchers say
11-Dec-2017 - Rising sources of income for Africans are being realised through remittances, which have been observed as an important aspect that impacts lives as well as brings about economic growth and development on the continent.
Fair trade with Europe should depend on quality African exports
11-Dec-2017 - Participants at the 12th African Economic Conference have urged African countries to add value to their exports in order to score a competitive edge when trading with Europe under the Economic Partnership Agreements (EPA). The EPAs are ongoing negotiations expected to create a free trade area between the European Union and African, Caribbean and Pacific Group of States (ACP).
Politicians must no longer manage Africa’s natural resources unilaterally, say experts
11-Dec-2017 - On Day 1 of the 12th African Economic Conference, which began on December 4, 2017 in Addis Ababa (Ethiopia), experts from Africa called for the inclusive management of the continent’s natural resources, where there is a high level of inequality, during the third plenary session entitled “Inclusive resource governance as a driver of structural transformation”.
African Economic Conference explores impact of foreign aid on domestic tax collection
08-Dec-2017 - The African Economic Conference, organized by the African Development Bank and partners, convened for its second day of deliberations on Tuesday, to explore the impact of foreign aid on domestic tax collection and the effective utilization of donor aid in Africa. The discussions taking place at the UN Conference Centre in Addis Ababa have been convened by the AfDB, ECA and the UN Development Programme (UNDP) to examine policies and structures determining the pace of Africa’s economic transformation.
Closing the gender gap in agriculture is economically viable, report concludes
08-Dec-2017 - Results of a landmark study on the cost of a gender gap in agricultural productivity reveal a worrying trend that is bound to impact on Africa’s structural transformation according to a report showcased on the sidelines of the 2017 African Economic Conference held at the UN Conference Centre in Addis Ababa, Ethiopia.
Researchers point to regional integration as key driver of economic growth
08-Dec-2017 - African researchers have indicated that improved governance and structural transformation on the continent will naturally depend on the advancement of regional integration initiatives. The researchers that successful regional integration will eventually bring about the desired ease of movement of people and ease of doing business, as well as improvement of balance of payment through increased quality exports.
Researchers discusses tax administration initiatives to enhance transparency in Africa
08-Dec-2017 - Enhancing the transparency in the collection, administration and management of public taxes came to the fore of discussions at the 12th African Economic Conference on Wednesday, December 6, 2017 amid warnings the increased misuse of government taxes posed double risks to the state investment capability.
Joint AfDB-AU-ECA-UNDP report calls for decent jobs and reduced poverty across Africa
08-Dec-2017 - A new report says that Africa made slow progress in reducing poverty and inequality owing to limited decent employment opportunities and weak social insurance mechanisms. It called for a harmonized and integrated approach to Agenda 2063 and Agenda 2030, as well as for African governments to tackle inequality in tandem.
Two West African scholars scoop top prize for labour market, taxation research
06-Dec-2017 - Two West African economists have emerged at the top from a selection of 36 academic papers presented at the 12th African Economic Conference for proposing reforms, including the de-regulation of the labour markets and the tax administration reforms aimed at raising government revenue.African Economic Conference emphasizes key role for development finance institutions
06-Dec-2017 - The 12th African Economic Conference taking place in Addis Ababa, Ethiopia, has emphasized the need to develop and deepen the role of the development financial institutions to play a more active role in financing industrialization projects, energy, agriculture and administrative reforms.
Good governance is key to Africa’s effective industrialization
06-Dec-2017 - Africa needs industrialization to achieve prosperity and a decent standard of living for its citizens. But this can only be achieved through good governance policies and infrastructure development. The lack of these two critical factors have largely undermined the industrialization trajectory in most African countries. Given this scenario, the industrial settlement framework as well as tax policies, are particular dynamics to be looked into.African economists seek bolder monetary policy reforms to address inequality
06-Dec-2017 - African economists attending the 12th African Economic Conference in Addis Ababa, Ethiopia, have called for more radical monetary policy reforms and an overhaul of the tax policy regime in most countries in order to guarantee the welfare needs of the local population.
Solving the problem of poor governance in Africa will contribute to the structural transformation of its economies, say conference partners
06-Dec-2017 - What undermines African economic activities is poor governance. It costs Africa dearly, senior representatives from the African Development Bank, United Nations Development Programme and United Nations Economic Commission for Africa (ECA) agreed during the opening press conference of the 12th African Economic Conferenceon Monday, December 4 in Addis Ababa, Ethiopia.Launch of UNDP study on Income Inequality Trends in Sub-Saharan Africa
05-Dec-2017 - The United Nations Development Programme launched its Income Inequality Trends in Sub-Saharan Africa report on Monday during the African Economic Conference in Addis Ababa, Ethiopia.
Agricultural growth should drive structural transformation, says expert
05-Dec-2017 - Unless there is a good focus on agricultural and economic transformation, efforts at structural transformation of African countries won’t amount to much, says Neway Gebreab, former advisor to the Prime Minister of Ethiopia.
African leaders urged to prioritize their communities
04-Dec-2017 - Reports like the Mo Ibrahim Index 2017 showed that the quality of governance across the continent is generally low compared to other regions of the world, a factor that has undermined progressive economic development in most African countries.
African Economic Conference 2017 to focus on Governance for Structural Transformation
04-Dec-2017 - The 2017 African Economic Conference (AEC) will be held from December 4-6 in Addis Ababa, Ethiopia, on the theme, ‘Governance for Structural Transformation.’ AEC will among other things, foster dialogue that promotes the exchange of ideas and innovative thinking among researchers, development practitioners and African policymakers.