Economy & Trade

Investment to Make Africa a World leader in Renewables

Africa, where close to half of its 1.2 billion people have access to electricity, is set to become a world leader in renewable energy. As global business and development leaders met in Johannesburg, South Africa, to attend the Africa Investment Forum (AIF), one of the key focuses of the deals being discussed was around sustainable, renewable energy.

Call to Action as Thousands Breathe New Life to the Cairo Promise at ICPD 25 Summit in Nairobi This Week

Every day 830 women die while giving life. At least 33,000 girls are forced into child marriage with 11,000 girls undergoing female genital mutilation. These are some of the cruel realities young women face every day. However, there is renewed hope that delegates expected to attend the International Conference on Population and Development (ICPD) in Nairobi this week will re-energise and breathe new life to the Cairo Promise.

Mo Money Mo Solutions – the African Development Bank’s Ready to Double Investment Across the Continent

Buses carrying cross-border traders and goods from Cotonou in Benin to Bamako in Mali have recently been using the Lomé route — travelling through the capital of Togo and then getting onto the Ouagadougou corridor on their way to the Malian capital.

Zimbabwe’s Inflation Makes it Hard to Keep Track of Cost of Living

Stung by the country’s spiralling inflation, Zimbabwe’s government workers took to the streets this week for the first ever police-sectioned march demanding improved wages.

The Nairobi Summit Is about the Future of Humanity and Human Prosperity

As we count down the remaining days to the opening of the Nairobi Summit or the International Conference for Population and Development(ICPD), I am confounded by how much humanity has managed to simultaneously empower more women than at any other time in history, while at the same time failing to see that ‘women’s issues’ are actually ‘everyone’s issues’.

Urgent Need to Replace Competition with Cooperation in the Aral Sea Basin

The water resources in Central Asia’s Aral Sea Basin support the lives and livelihoods of about 70 million people — a population greater than Thailand, France, or South Africa.

Trade Liberalization for Development?

The International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO), all dominated by rich countries, have long promoted trade liberalization as a ‘win-win’ solution for “all people—rich and poor—and all countries—developed and developing countries”, arguing that “the gains are large enough to enable compensation to be provided to the losers”.

Africans Charged More Than 3.5 Times the “Affordable” Rate for Mobile Data

People living in Africa are charged an average of 7.1 per cent of their monthly salary for a gigabyte (GB) of mobile data, more than 3.5 times the threshold considered affordable.

Going with the Wind: Transition to Clean Energy in Latin America & the Caribbean

The UN Climate Action Summit 2019, which took place in the days leading up to the 74th UN General Assembly, delivered new pathways and practical actions for governments and private sector to intensify climate action.

Red Alert for Blue Planet and Small Island States

Barely a week passes without alarming news of the most recent scientific research into the global climate crisis compounding a growing sense of urgency, particularly the impact on small island states from rising sea levels and extreme weather.

As Urbanisation Grows, Cities Unveil Sustainable Development Solutions

Over half of the world’s population now live in cities, with numbers expected to double by 2050, but while urbanization poses serious challenges, cities can also be powerhouses for sustainable development; something the UN is spotlighting on World Cities Day, marked 31 October. 

Solar Cookers Produce More Than Food for Mexican Women

The sun's rays are also used to cook food and thus replace the burning of firewood and gas, improve the health of local residents and fuel the energy transition towards the use of renewable sources - the objectives of an enterprise in the southern Mexican state of Oaxaca.

African Development Bank Group’s Board of Governors to hold fifth extraordinary meeting in Abidjan

The Board of Governors of the African Development Bank will hold its fifth extraordinary meeting on Thursday, 31 October 2019, at the Sofitel Abidjan, Hotel Ivoire. During the meeting, the Bank’s shareholders will make signification decisions, and a major announcement is expected.

If India Stopped Growing, Would the IMF and World Bank Say So?

Leading economic indicators have slowed or reversed. Criticisms of official statistics are mounting. But the IMF and World Bank continue to forecast 6-percent growth by simple extrapolation.

UN Turns to Global Investors for Billions Needed for its 2030 Development Agenda

A Republican US Senator of a bygone era was once quoted as saying “a billion here, a billion there, and pretty soon you're talking about real money.”

Industrial Policy Still Relevant

Industrial policy refers to the promotion of new investments and technology by governments to encourage the growth and development of specific economic sectors. However, scepticism persists about the feasibility and desirability of using industrial policy, especially of the ability to ‘pick winners’, often accused of leading to ‘propping-up failing industries’.

More Women in Latin America are Working, but Gender Gap Persists, New UN Figures Show

More women are entering the workforce across Latin America, with an increase in 11 per cent in the last 30 years, putting the region ahead of the curve when it comes to growth in female labour force participation, according to new data published by the United Nations on Monday. 

Climate Change to Further Escalate Violence in Western Africa

Nearly 50 million people in west Africa rely on agriculture and livestock for their livelihood but the land available for pastoral use has been rapidly shrinking.

Governments Must Short Circuit Tobacco Industry’s Pervasive Tactics

The tobacco industry’s new rhetoric that smoking is harmful and that its so-called less risky products will reduce the global tobacco epidemic, should see the industry stop opposing or fighting government efforts to reduce tobacco use. However, this is not the case.

Development Banks Needed to Finance Sustainable Development

Public or state development banking will be vital to achieving the Sustainable Development Goals, argues UNCTAD’s Trade and Development Report 2019 (TDR 2019). Ongoing World Bank led efforts seek to leverage private finance via shadow banking by using public money to guarantee handsome returns managed by giant investment houses. Such financialization introduce new costs and risks to financing investments for sustainable development, decent work and renewable energy.

African Development Bank and Three Regional Development Banks Launch Joint Report on Livable Cities

Rapid urbanization has provided most cities in the world with opportunities to provide more sustainable, vibrant, and prosperous centers for their citizens. But they must first address challenges such as inadequate infrastructure investments, pollution and congestion, and poor urban planning, according to a new report released today.

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