Search results
Apr 28, 2024 · Africa and the Gulf: An emerging economic partnership. Over the last decade GCC countries have collectively invested over $100 billion in Africa. The UAE has invested $59.4 billion. Saudi Arabia and Qatar have invested $25.6 billion and $7.2 billion respectively. Notably, during this period, the UAE has been the fourth largest foreign direct ...
Feb 8, 2024 · In Africa, ambitious climate action must involve comprehensive strategies encompassing renewable energy adoption, sustainable land use practices, resilient infrastructure development, and effective climate mitigation and adaptation measures. That is, reducing and stabilizing the levels of heat-trapping greenhouse gases in the atmosphere (mitigation), while also adapting to the climate change ...
The establishment of colonial rule over the African interior (c. 1880-1900) reinforced Africa’s commodity export growth. Colonial control facilitated the construction of railways, induced large inflows of European investment, and forced profound changes in the operation of labour and land markets (Frankema and van Waijenburg 2012).
Feb 28, 2024 · Total external debts as a share of Africa’s export earnings increased from 74.5% in 2010 to 140% in 2022. In 2022, African governments had to allocate about 12% of their revenues to servicing their debt. Between 2019 and 2022, 25 African governments allocated more resources to servicing their total debts than to the health of their citizens.
Jan 5, 2021 · Africa is the future and the future is African. More than a thought, this highlights Africa's tremendous potential to advance its development. With the youngest population globally, African people will represent one-fifth of the world population by 2030. This population represents both a tremendous human capital stock and a large consumer market.
Jul 21, 2022 · The United Nations says $3.8 billion is needed to help provide life-saving assistance to avoid a "humanitarian catastrophe". The Horn of Africa is experiencing its worst drought in many decades. The East African region stretches from Eritrea in the north, through Ethiopia and Djibouti to the southern tips of Kenya and Somalia.
Feb 11, 2020 · Already, spending by consumers and businesses in Africa totals $4 trillion. Household consumption is expected to grow by 3.8% annually until 2025, reaching $2.1 trillion, and business spending should grow from $2.6 trillion in 2015 to $3.5 trillion in 2025. Altogether, the McKinsey report predicts $5.6 trillion in African business opportunities ...
Sep 23, 2022 · Investing in Africa’s renewables. According to the International Energy Agency (IEA), Africa has 60% of the world’s best solar resources, but only 1% of solar generation capacity. To achieve its energy and climate goals, Africa needs $190 billion of investment a year between 2026 to 2030, with two-thirds of this going to clean energy, the ...
Aug 4, 2022 · Around 20% of people in Africa are facing chronic hunger, compared with only 10% globally. The situation is worst in Somalia, and ‘very serious’ in seven other countries. Russia's war on Ukraine has exacerbated food supply problems, while climate change and the pandemic have also contributed. 278 million people in Africa suffer from chronic ...
Jan 13, 2022 · The share of the population attending university in the late colonial era was extremely low. University enrolment rates have increased in many African countries. Image: Rebecca Simson. Around the time of independence, Kenya had roughly 400 university students (1961), while Tanzania and Zambia had 300 students each (1963).
