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Africa needs to rethink strategy and tactics for industrialisation

African policy makers must rethink both their strategy and tactics. The evidence and data show at least five areas in which the structure of the economies can be changed.

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Rethinking the role of global investment in Africa’s development

Africa’s political leaders are under illusion to believe that foreign direct investments (FDIs) will get them out of their development crisis. This is not to dismiss FDIs but to provide a framework for an analytical and critical understanding of ‘capital’, how it is generated, and what its real function is.

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Kenya to miss full year growth target of 5.8 per cent

Bad weather and insecurity pulled down overall growth to 4.1 per cent in the first quarter of 2014 from 5.2 per cent over the corresponding period last year, with agriculture, communications and finance recording the sharpest slow down.

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AfDB: The Afro-Optimist, the Afro-Realist

The 48th Annual Meeting of the African Development Bank – and the 39th of the African Development Fund – were officially launched under the high patronage of His Majesty King Mohammed VI of Morocco this morning. The King himself may only have been able to send us a message – we are “a solid, reliable and strategic ally”, he said – but he sent hundreds of his subjects.

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CoDA: US $ 50 Billion Siphoned out Africa Illegally Every Year

Billions of dollars have left Africa in dubious circumstances from 2000 to 2008, with experts stating that the funds could be as high as US $ 50 billion every year during the period under review.

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Green Revolution plan agreed at Ghana meeting

A private sector-led drive to contribute to a ‘Green Revolution’ in Africa took a step forward last week with the agreement of a “very clear action plan” to draw the continent out of its food crises.

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