2021 AEC: Reforms, debt initiatives come under the spotlight as Africa enters ‘critical’ phase
Participants at the 2021 African Economic Conference have urged countries to implement crucial governance and economic reforms to see the continent through a historic crisis brought on by the Covid-19 pandemic.
The conference brought together leading thinkers, development specialists and policymakers virtually and in Sal, Carbo Verde, to present their latest research on the challenges facing the continent, including mounting debt and an unrelenting health crisis.
Southern Africa set for economic rebound, but impact of Covid-19 lingers
Southern Africa is set for an economic rebound in 2021 and 2022, provided the Covid-19 pandemic tapers off, according to a report published by the African Development Bank.
Like elsewhere on the continent, the pandemic will be a deciding factor in the region’s economic fortunes. If all goes well, and that includes a successful vaccination campaign and health measures such as social distancing and wearing masks, Southern Africa is projected to grow 3.2% in 2021 and 2.4% in 2022, according to the Bank’s Southern Africa Economic Outlook.
A school in Niger uses cutting-edge equipment to train engineers, adding to the growing pool of skilled young Africans
Souleymane Bahari, a teacher who runs the mechanical engineering workshop at the Kalmaharo technical centre in Niamey, Niger’s capital, marvels at how much training standards have risen over the past decade.
From 2010 to 2019, the number of students at the centre more than tripled to 1,031 as aspiring engineers poured into classrooms reorganised and refitted with new equipment. The centre has since acquired nationwide acclaim.
2021 AEC: Experts call for African crypto currency, integrated capital market to ease business costs
A common crypto currency and an integrated capital market could boost trade in Africa and sustain growth after the Covid-19 crisis, experts said at the 2021 African Economic Conference on Friday.
But the continent first needs to harmonise national rules and protocols governing the financial systems of individual countries to make the reforms workable, panellists said during a discussion on reforming Africa’s financial system.
Tchad : la Banque africaine de développement accorde un prêt de 18 millions d’euros pour le projet de centrale solaire de Djermaya, un projet phare de l’initiative Desert to Power
La Banque africaine de développement a signé é, mardi, les accords de financement pour un prêt de 18 millions d’euros pour le financement de la centrale solaire de Djermaya, qui constitue un projet phare de l’initiative « Desert to power ».