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The Expanding Frontier: Space Economy Set to Reach $1.8 Trillion by 2035

The Expanding Frontier: Space Economy Set to Reach $1.8 Trillion by 2035

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The space economy is poised for monumental growth, with projections indicating it will reach a staggering $1.8 trillion by 2035. This expansion is driven by advancements in satellite and rocket-enabled technologies, which are increasingly integrated into various sectors of the global economy. A new report, “Space: The $1.8 Trillion Opportunity for Global Economic Growth,” outlines […]

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credit rating Africa

The African Union’s Credit Rating Agency Initiative

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The African Union (AU) is set to launch its own credit rating agency, by 2025, a move driven by long-standing concerns that the existing global rating agencies—Moody’s, Fitch, and S&P Global Ratings—do not fairly assess the risk of lending to African countries. This new agency, the African Credit Rating Agency (ACRA), aims to provide more

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UN Summit of the Future: A Once-in-a-Generation Opportunity

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The Summit of the Future, scheduled to take place at the United Nations Headquarters in New York in September 2024, represents a pivotal moment for the international community. This summit is widely recognized as a once-in-a-generation opportunity to address some of the most pressing challenges facing humanity. By convening global leaders, policymakers, experts, and stakeholders,

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Report X

Africa’s Growing Food Insecurity: Causes, Challenges, and Solutions

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The global hunger crisis reached alarming heights in 2022, with at least 735 million people affected by hunger, as reported by the Food and Agriculture Organization of the United Nations (FAO). Nowhere is this crisis more severe than on the African continent, where food and nutrition security continue to fall unabated, posing significant challenges to

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Global Urban Futures: Evaluating Sustainable Development Through the Urban Performance Index

Global Urban Futures: Evaluating Sustainable Development Through the Urban Performance Index

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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

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Addressing Commodity Dependence for Inclusive Economic Development

From Vulnerability to Resilience: Addressing Commodity Dependence for Inclusive Economic Development

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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

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a city with rainbow colored lines

Economic Diversification in Africa: Overcoming Reliance on Primary Industry for Sustainable Growth

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Over the years, Africa’s economic landscape has been characterised by heavy reliance on primary industry and primary sector exports. As the continent developed, primary industry has become the backbone of the wider African economy and employs a significant portion of the continent’s workforce. Historical focus on these industries, particularly agriculture and fossil fuels (to name

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A focus on migration

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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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