EMerging Equity
Ethiopia
How Green Energy Will Change Africa
By Christine Mungai In 1977, the average price of generating energy from sunshine was $76.67 a watt. Today, the price has dropped to just $0.60 a watt. It’s a stunning 99.2% drop in 38 years, and solar energy is soon going to reach “grid parity” all over the world – the point where it is cheaper, or at … Continue reading
African Union Summit To Endorse Creation Of A $2 Trillion Free-Trade Zone
“African nations are taking steps toward creating a free-trade zone with a combined size of $2 trillion, as heads of state meet in Johannesburg (South Africa) this week,” Bloomberg reports. Talks on removing the barriers to trade and the movement of people between the continent’s 54 countries will begin on June 15 at the African … Continue reading
Africa To Launch A Cairo-To-Cape Town Free Trade Area That Is Bigger Than The European Union
“Africa’s three major regional economic committees (RECs) are set to finalise an agreement on forming the continent’s largest free trade area (FTA) during a tripartite summit taking place 7-10 June in Egypt’s Sharm El-Sheikh,” Ahram Online reports. “The tripartite grouping, which accounts for 51 percent of Africa’s $2.3 trillion GDP, will sign a deal Wednesday to … Continue reading
China’s Road To Growth In Africa
By Lauren Johnston China, like much of the developed world, faces slower growth and an ageing population. Africa in contrast offers the potential of ‘catch up’ growth and a growing young pool of low-cost labour, alongside plentiful natural resources. The economic prospects of both are increasingly intertwined. The path of China’s trade and investment ties with … Continue reading
Africa: Plummeting Commodity Prices Might Lead To A New Debt Crisis – OpEd
By Eric Toussaint Debt Euphoria In 2014, Rwanda and Ethiopia, two of the world’s poorest countries, sold public debt bonds on the financial markets of the most industrialized countries. While still unstable after civil wars and with debt payments suspended hardly three years ago, the Ivory Coast also managed to find private lenders willing to buy … Continue reading
Sub-Saharan Africa Manufacturing: Where To Build A Factory?
By Kurt Davis Jr. Amidst a continent experiencing unprecedented levels of economic growth, a growing middle class, more stable political conditions, and favorable tariff terms from mature markets, there has been no better time to build manufacturing sites on the African continent. But this continent is vast – geographically, culturally, and politically. Mr. Davis’s piece identifies three of the … Continue reading
Growth Slowdowns: Middle-Income Trap Vs. Regression To The Mean
Dozens of nations think they are in the ‘middle-income trap’. Lant Pritchett and Larry Summers present new evidence that this trap is actually just growth reverting to its mean. This matters since belief in the ‘trap’ can lead governments to misinterpret current challenges. For lower-middle-income nations the 21st century beckons, but there are still 19th … Continue reading
Institutions Pledge $8 Billion To The 8 Nations Of The Horn Of Africa To Boost Development, Economic Growth
Leaders of global and regional institutions including the World Bank, African Development Bank, European Union, Intergovernmental Agency for Development (IGAD), Islamic Development Bank Group, and African Union Commission have pledged more than $8 billion on Monday to boost economic growth and development in addition to reducing poverty in the eight countries that make up the … Continue reading
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