A famous saying goes: To whom much is given, much is expected. This is the message that the African Development Bank (AfDB) is carrying and delivering for, and on behalf of Africa at the global conference on climate change, COP21, which opened Monday, 30th November.
Beauty Manake moves around these days with a “million dollar” smile on her face. The 31-year old woman from Botswana now runs a thriving vegetable and livestock farm, as well as an agribusiness consultancy group.
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.
Africa can achieve sustainable development by scaling up "green economy" initiatives. What is needed is increased allocations from within national budgets supplemented by donor funding, claim experts.
As Africa transforms its economy, it will need modern jobs and increased productivity to fight hunger on the continent, African leaders agreed at a two-day summit.
Ethiopia says that the double-digit economic growth the country has experienced over the last seven years has started benefitting its majority by boosting their income and productivity in agriculture and small-scale businesses.