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Africa Renewal - Volume 29, Issue 2, 2015
Volume 29, Issue 2, 2015
The Africa Renewal magazine examines the many issues that confront the people of Africa, its leaders and its international partners: sustainable development goals, economic reform, debt, education, health, women's empowerment, conflict and civil strife, democratization, investment, trade, regional integration and many other topics. It tracks policy debates. It provides expert analysis and on-the-spot reporting to show how those policies affect people on the ground. And, it highlights the views of policy-makers, non-governmental leaders and others actively involved in efforts to transform Africa and improve its prospects in the world today. The magazine also reports on and examines the many different aspects of the United Nations’ involvement in Africa, especially within the framework of the New Partnership for Africa’s Development (NEPAD).
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Using trade to boost Africa’s industrialization
Author: Franck KuwonuSanusi Lamido, a former governor of the central bank of Nigeria, once railed against his country for spending “huge resources importing consumer goods from China that should be produced locally.”
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The changing face of Ethiopia
Author: Masimba TafirenyikaEvery so often, a speaker at a conference says something provocative or simply voices an opinion that sparks discussions long after the event. At African conferences, brusque comments by Nigerian officials used to dominate conversations. Not anymore. Ethiopians have usurped the role. And there are good reasons to support the Ethiopians’ new assertiveness: they run one of the world’s fastest growing economies; they have done a good job in meeting the Millennium Development Goals; they are building what will soon be Africa’s largest hydroelectric dam; their national airline dominates the continent’s skies; they have achieved an admirable level of political stability in one of the region’s roughest neighbourhoods, and their capital Addis Ababa, whose skyline is dotted with construction cranes, is the continent’s diplomatic capital, thanks to the presence of the African Union’s headquarters.
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Ethiopia's development is mostly people driven - Interview: Haddis Tadesse, Representative of Bill & Melinda Gates Foundation to Ethiopia and to the Africa Union
Author: Haddis TadesseIn February 2012 the Bill & Melinda Gates Foundation announced the appointment of Haddis Tadesse, a US national of Ethiopian descent, as its representative to Ethiopia and to the African Union. It was the Foundation’s first-ever representative to an African country. Recently, Africa Renewal’s Masimba Tafirenyika spoke with Mr. Tadesse in his office in the capital Addis Ababa about the reasons driving Ethiopia’s economic growth.
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Funding the planet’s future
Author: Tim WallThe delegates at the Third International Conference on Financing for Development in Addis Ababa will discuss how to finance global sustainable development goals, forecast by the UN Conference on Trade and Development (UNCTAD) to cost $2.5 trillion a year over the next 15 years. The biggest challenge humanity faces today is how to achieve a minimal level of prosperity and well-being while protecting the planet at the same time.
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Can Africa fund its own growth?
Author: Tonderayi MukeredziDespite witnessing exceptional growth in development finance in recent years, Africa is still faced with the arduous task of mobilizing adequate resources to fund its growth and future transformation agenda. Given the paucity of external development assistance, and low commodity prices for its goods and services, Africa has awakened to the fact that it must rely on its own financial resources for sustainable development.
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Borrowing responsibly: Africa’s debt challenge
Author: Jocelyne SambiraIt’s been a rough year for the West African countries most affected by the Ebola virus that has ravaged their communities and crippled their economies, disrupting agriculture and trade.
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Billions now required to save depleted healthcare systems
Author: Kingsley IghoborOn 10 May 2015, a day after the World Health Organization declared Liberia Ebola-free, stern-faced health officials were holding marathon meetings in different rooms at the country’s health ministry. Their business-like mood contrasted with the celebratory atmosphere on the streets of the capital, Monrovia.
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New bond issue set to help Africa go ‘green’
Author: Jocelyne SambiraJohannesburg, or Jozi, as it is affectionately known, is the largest commercial hub on the continent, attracting millions of visitors each year, including students, artists and business leaders. Its population of about 4.8 million people is projected to grow to 6.5 million by 2040, according to the World Population Review.
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For development finance, there is no one-size-fits all solution - Interview: Wu Hongbo, UN Under-Secretary-General for Economic and Social Development and the Secretary-General of the Financing for Development Conference
Author: United NationsThe United Nations Third International Conference on Financing for Development in Addis Ababa, Ethiopia, is expected to come up with an accord that will define how the global community will mobilize funds to support Sustainable Development Goals (SDGs). In this interview with Tim Wall for Africa Renewal, Wu Hongbo, the UN Under-Secretary-General for Economic and Social Development and the Secretary-General of the Conference, talks about his expectations.
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Loans to women = smart economics
Author: Zipporah Musau“Table banking” may not be a complex financial concept, but it is making a difference in the lives of thousands of women and their families in rural Kenya. It’s a simple idea whereby members gather each month and literally put their money on the table, which then becomes immediately available to members as loans. The practice eliminates bank fees, waiting periods for loan approval and many other obstacles faced by women in Africa who need loans but lack collateral. The loans are used to start revenue-generating projects.
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Think beyond microfinance when talking about businesswomen
Authors: Ndidi Anyaegbunam and Ecoma AlagaAs the Third International Financing for Development conference kicks off in Addis Ababa, Ethiopia, Africa is set to begin implementing its ambitious 50-year development blueprint, Agenda 2063, bringing into focus the issue of how to finance development plans.
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Microfinance: Good for the poor?
Author: John NjirainiIn 2005 the United Nations declared the year the International Year of Microcredit. At a time when the clamour for financial inclusion was gaining momentum, the declaration brought microfinance from the periphery of finance and offered an estimated 2.5 billion people an opportunity to “grow thriving businesses and, in turn, provide for their families, leading to strong and flourishing local economies.”
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Cashing in on the cashew nuts boom
Author: Franck KuwonuThe annual “money-harvesting” season is in full swing in Côte d’Ivoire. For the fortunate cashew nut farmers in the central and northern parts of the country, February through June is harvest time. Here cashew nut growing has improved the lives of these small-scale farmers significantly. They get more money from it than they would make from growing food crops or cotton. The impact has transformed their lives and they now refer to their orchards as places where “money grows on trees.”
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African statistics have come of age - Interview: Pali Lehohla, Statistician-General of Statistics South Africa
Author: Pali LehohlaPali Lehohla, Statistician-General of Statistics South Africa, was recently at UN headquarters in New York attending the annual conference of the Commission on the Status of Women. Africa Renewal’s Masimba Tafirenyika caught up with him to talk about the challenges of statistics in Africa and the progress the continent has made improving the quality of its statistics.
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Africans also investing in China
Author: Bo LiChina, the world’s newest economic superpower, surpassed the United States as Africa’s largest trading partner in 2009. Since then, China’s investments in Africa have been growing at a staggering speed. But many people are not aware that the Sino-Africa relationship is not just a one-way street.
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