Reinvigorating the Commonwealth: An African Leader for Modern Challenges
Reinvigorating the Commonwealth: An African Leader for Modern Challenges
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Global Urban Futures: Evaluating Sustainable Development Through the Urban Performance Index
The Urban Performance Index (UPI), developed by Economist Impact in collaboration with UN-Habitat, is a comprehensive framework designed to assess sustainable urban development across cities worldwide. This initiative aims to enhance the monitoring of urban sustainability and support informed decision-making by providing precise metrics, disseminating knowledge, and identifying best practices. The UPI framework evaluates cities
From Vulnerability to Resilience: Addressing Commodity Dependence for Inclusive Economic Development
Commodity dependence is a significant issue affecting global trade and development, particularly in developing countries. This article explores the key aspects and expanded analysis of commodity dependence, its implications for economic and human well-being, and strategic policy recommendations for addressing these challenges. Key Aspects and Expanded Analysis of Commodity Dependence Source: UNCTAD secretariat based on
A focus on migration
The International Organization for Migration (IOM)’s flagship World Migration Report aims to clarify and demystify global migration trends with accurate, evidence-based information. This IOM initiative is crucial as migration often suffers from widespread misinformation and politicization, leading to distorted public perceptions. Key Points from the World Migration Report: Global Scope of Migration: The report details
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Bridging Economies: How Remittances Outpace FDI and ODA in Supporting Global South Development
In the dynamic economic landscapes of low- and middle-income countries (LMICs), remittances have emerged as a cornerstone of financial stability and social development. According to the World Bank, remittances to LMICs surged by 5% in 2022 to reach a substantial $614 billion, underscoring their vital role in bolstering household incomes and alleviating poverty despite global
The Great Green Wall: Africa’s Living Wonder
The Great Green Wall (GGW) initiative is an African-led endeavor that has embarked on a transformative journey to create the world’s largest living structure across the Sahel region. Launched in 2007 by the African Union, the GGW aims to restore 100 million hectares of degraded land, sequester 250 million tons of carbon, and generate 10
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From Smoke to Solutions: The Pivotal Summit to Revolutionize Clean Cooking in Africa
The inaugural Summit on Clean Cooking in Africa, held on May 14, 2024, at the UNESCO Headquarters in Paris, marked a pivotal moment in addressing a long-standing issue affecting over a billion people in Africa. Co-chaired by the leaders of Tanzania and Norway, and key organizations like the African Development Bank (AfDB) and the International
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Energizing Development: How 300 Million Africans Will Gain Electricity
The World Bank Group, in collaboration with the African Development Bank Group (AfDB), launched an ambitious initiative to electrify 300 million Africans by 2030. Unveiled during the recent World Bank and International Monetary Fund Spring Meetings in Washington, this plan aims to drastically reduce the number of individuals without access to electricity, thereby cutting it
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Navigating Troubled Waters: The Impact of Red Sea Attacks on Africa’s Maritime Security
Recent maritime attacks in the Red Sea and Western Indian Ocean have underscored the fragility of Africa’s maritime infrastructure, with broad implications for the continent’s economy, security, and environmental health. These incidents have exposed critical vulnerabilities, leading to disruptions in global trade, increased insurance costs, and significant fiscal challenges, particularly for nations like Egypt reliant
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11 of the world’s 20 fastest-growing economies in 2024 are set to be African.
The latest Macroeconomic Performance and Outlook report by the African Development Bank Group (AfDB) presents a buoyant forecast for Africa’s economic future, expecting the continent to continue as one of the world’s fastest-growing regions.
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