Currency Convergence: The Case for a Unified African Monetary System
19/09/2024The prospect of a single currency for Africa is no longer an abstract idea, but a tangible goal, as demonstrated by efforts such as the African Union’s Agenda 2063 and.
The prospect of a single currency for Africa is no longer an abstract idea, but a tangible goal, as demonstrated by efforts such as the African Union’s Agenda 2063 and.
Africa’s population continues to grow rapidly, projected to reach 2.5 billion by 2050 (United Nations), yet, the continent still faces an urgent challenge: achieving food security while promoting sustainable economic.
Over the past two decades, substantial investments in roads, railways, ports, and energy infrastructure have laid the groundwork for sustained growth and development. According to the African Development Bank (AfDB),.
The informal economy in Africa is sustaining livelihoods and driving economic growth across the continent. Despite its largely unregulated nature, the informal sector accounts for a substantial portion of Africa’s.
Influenced heavily by both economic pressures and innovations in technology, Africa’s financial market is changing. As inflationary rates that threaten economic stability soar, the continent simultaneously embraces a wave of.
Africa’s massive debts are the central issue in discussions about the continent’s economic stability and growth prospects. As of mid-2024, the average public debt-to-GDP ratio in Sub-Saharan Africa stands at.
The African Continental Free Trade Area (AfCFTA) is set to revolutionise trade and economic policy across the African continent. As the largest free trade area in the world by the.
Africa is undergoing an economic renaissance, with growth trajectories that have caught the attention of global investors, policymakers, and development experts. A series of transformations that are not just happenstance;.
African businesses, often overlooked in global discussions, are increasingly at the forefront of innovative practices that promote a greener economy. As the world grapples with climate change, resource depletion, and.
African institutions are contributing significantly to the shaping of international policies and norms. This influence is not only reflective of the continent’s growing economic and political clout but also indicative.