Africa Renewal

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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Boosting domestic savings in Africa

What if wealthy Africans decided to invest their earnings in Africa instead of overseas? And if the 80 per cent of Africans now without bank accounts got access to formal financial services? And if African governments put their domestic revenues into productive investments? “Rates of savings [would] go up significantly and Africa could perhaps be in a position to meet more than its resource needs,” answers Samuel Gayi, a senior economist on Africa at the Geneva-based United Nations Conference on Trade and Development (UNCTAD).

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