What’s needed to take Africa from Third to First World in 25 years
BY SANDILE SWANA AND LUMKILE MONDI One of the most hotly-debated topics in development economics is: what does it take to steer a poor country from Third World to First … Read More
Category: Economy
The African Magazine provides first-hand information about African economies and economic relations between Africa, the United States, China, Europe, World Bank, IMF, the Corporate Council on Africa and the rest of the world.
The joy of giving: my humbling experience at the Malagasy orphanage La Maison d’Arnaud
BY CHERISH CHIRUME At 29, I didn’t feel fulfilled. I’d been working in advertising trying to move high up the career ladder, but that was proving difficult. It was a … Read More
How and why China became Africa’s biggest aid donor
BY KAFAYAT AMUSA, NARA MONKAM AND NICOLA VIEGI The foreign aid arena in Africa has traditionally been dominated by the Organisation of Economic Co-operation and Development (OECD) countries. However, over the past … Read More
The problem with Western activists trying to do good in Africa
BY BEN RADLEY In recent years Western advocacy groups have achieved unprecedented success in mobilising Europeans and North Americans behind a “conflict minerals” campaign to help end the conflict in the Democratic … Read More
Introducing the Benin National Council of Shippers (CNCB)
The Benin National Council of Shippers (CNCB) is a commercial, state-owned company with financial autonomy. It was founded on May 25, 1983. Its main mission is to serve the interests … Read More
China-Africa summit: what to look for beyond the hype and hypocrisy
BY JOHN J. STREMLAU Beijing’s selection of South Africa to host the China-Africa heads of state summit may indicate Chinese President Xi Jinping’s personal commitment to the continent. This is the first … Read More
China’s economic slowdown threatens African progress
BY ROBERT ROTBERG Africa’s prosperity increasingly depends on China. Given recent signs of a slowdown in the world’s largest economy, Africa’s short- and long-term outlooks seem precarious. The latest sign arrived … Read More
Poverty declines in Africa but the number of poor rises
BY ALAN GREEN with DR. PHIL AZE In a new report released on Friday in Accra, Ghana, the World Bank paints a somewhat less gloomy picture of poverty in Africa, … Read More
Veteran African economist Yacouba Fassassi strongly advocates a break-away from the CFA franc
BY ALAN GREEN “There will be no more government, no more democracy. Instead, there will be anarchy and simply every man for himself,” veteran African economist Yacouba Fassassi warns, if … Read More
Shedding fresh light on China’s investment choices in Africa
BY WENJIE CHEN China’s economic engagement in Africa tends to elicit controversy. Many Chinese deals are accompanied by Western headlines such as “China in Africa: Investment or Exploitation?”; or “Clinton … Read More