The world will need to more than double its current infrastructure stock over the next 15 years - a massive undertaking which could either contribute to or combat catastrophic climate change - according to a new report.
The upcoming week for the Programme for Infrastructure Development in Africa (PIDA), which runs from November 13-17 in Abidjan, the capital city of Ivory Coast, is set to throw this continent into the full gear of infrastructural boom, development experts here say.
Besides suffering from macroeconomic imbalances, like a drop in GDP, a high inflation rate and a large public deficit, Brazil is experiencing heavy losses as many oil industry and logistical works grind to a halt.
While lauding South Africa for impressive social progress over the past two decades, a new study has asked the country to build on the successes achieved and reduce inequality further.
The rubble of twisted concrete and metal bakes in the hot Mediterranean sun of a regional heat wave.
We are witnessing a shift in the original rationale behind the unique relationship between the European Union and the African, Caribbean and Pacific countries of the ACP group, which goes beyond the logic of “unilateral aid transfer”, “donor-recipient approach” and “North-South dialogue”.
Even moderately well-informed analysts knew that the Brazilian economy was in dire straits as President Dilma Rousseff initiated her second term in office in January.
With agriculture as one of the drivers of economic growth, Zimbabwe needs to invest in the livelihoods of smallholder farmers who keep the country fed, experts say.
As foreign donors drag their feet on injecting badly needed cash into the government’s coffers, local analysts are increasingly worried that this will affect implementation of key development projects that require donor funding.
Industrialised countries have agreed to collaborate on a new programme aimed at funnelling significant private-sector investment into global infrastructure projects, particularly in developing countries.
The World Bank has initiated a major call to action for private sector investors around infrastructure projects in developing countries.
In the 1960s, there were high hopes for the development of the newly-independent sub-Saharan African countries but these hopes were quickly dashed following a series of shocks which began in the mid-70s, with the first oil price spikes, followed by a severe decline in growth and increase in poverty in the 80s and early 90s.
Inequality, poor infrastructure and declining trade are some of the problems that Latin America needs to overcome if the region truly wishes to achieve a “golden age”, according to Peru’s President Ollanta Humala.
There’s the good: “A slight delay of about a minute.”The bad: “Terrible jam!!”And the unbelievable: “No jam.” But as long as Kampala motorists and pedestrians are talking traffic, the eight Ugandan creators of new app called RoadConexion, are happy. For the time being, anyway.
A group of flashmobbers took to the slopes in southeastern Kazakhstan on a crisp March morning this year to spell out a heartfelt SOS with their bodies.