Economic development

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Malcolm Turnbull outlines his vision of ‘City Deals’ that enable ‘smart cities’ to drive growth in the new economy. AAP/Lukas Coch

Will Budget 2016 deliver a new deal for Australian cities?

The Turnbull government sees the 'City Deal' as a way for 'smart cities' to drive innovation and growth. But what is the value proposition behind this UK concept and how might it work in Australia?
Arthur Lewis' impossible mission was to make possible Kwame Nkrumah’s famous slogan: seek ye first the political kingdom … Reuters/Sahra Abdi

Ghana: lessons from Nkrumah’s fallout with his economic adviser

Nobel laureate and Kwame Nkrumah's economic adviser Arthur Lewis saw Ghana as a testing ground for his ideas on economic development. But he was met with fierce resistance.
Traffic jams in major African cities such as Lagos, pictured here, as well as Uganda’s Kampala, are a major drain on productivity. Reuters/Akintunde Akinleye

Why Kampala holds single biggest growth opportunity for Uganda

Kampala generates about 60% of Uganda's GDP. In the coming decade urbanisation is the single largest opportunity to spur economic growth in the coming decade.
A Kenyan woman does a financial transaction using her mobile phone. Africaknows/Joshua Wanyama

Why financial inclusion needs a new frontier – asset building

Financial inclusion has so far focused on enhancing a poor person’s cash flow. But it needs to involve more. Not enough consideration is given to encouraging poor people to build assets.
A cleaner walks past a promotional poster at an Africa Development bank meeting in Shanghai. Western perceptions of China’s investments in Africa are off the mark. Reuters/Nir Elias

Shedding fresh light on China’s investment choices in Africa

Contrary to Western views, China is in Africa for business. Between 1998 and 2012, about 2000 Chinese firms invested in 49 countries on the African continent.
South Africa’s game reserves are loved by tourists. The new visa regulations could have a negative impact on them. Shutterstock

South Africa’s new visa rules: sound idea but badly executed

The motive behind South Africa's new visa regulations is noble. But the implementation needs to be adapted and improved to minimise the negative effect on the country's tourism industry.

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