The misguided belief that banks create money out of nothing has generated public anger with organisations and individuals calling for an overhaul of the system and an end to money creation by banks.
As the African Development Bank Group changes leadership, Africa’s multilateral financier must chart a new course, including raising the contribution and voice of Africans in the institution.
Governance indicators have become essential for policy formation and political decision-making, helping us make sense of the messy social world, manage and govern it.
Herryman Moono, London School of Economics and Political Science
Zambia’s drive to build its industrial capabilities has made steady progress. But it runs up against the history of economies that are dominated by mineral resources and landlocked countries.
South Africa has won global recognition for its renewable energy programme, but will it succeed in balancing the demands of financial and commercial soundness, and the transformation agenda?
Evidence on the ability, or lack thereof, of children to rise above the economic status of their parents shines light on the continued persistence of inequality, including in South Africa.
Remittances may hinder the development of democracy in sub-Saharan Africa. A lot depends on whether recipients value rights and freedom much more than improving their standard of living.
There is no one perfect package for alleviating poverty, but there is agreement on what the elements should be. Combination and sequence of interventions varies, depending on context and beneficiaries.
African economic history has had a renaissance and its most valuable contribution has been to show that Africans have not always been poor, nor are current poverty levels an inevitable destiny.
The South African Reserve Bank is a fine example of clear communication of the decision whether to hold, increase, or decrease interest rates. It also gives clear signals of future decisions.
Nigeria has been among the fastest growing economies this past decade but only 25% of the country’s population has benefited from this growth, leaving the majority trapped in the informal sector.
South Africa’s inequality levels are stark. The rich are super rich, the poor very poor. There’s a gaping hole in the middle and this is the greatest threat to stability.
After a decade of narrowing fiscal deficits, South Africa has borrowed heavily since 2009 to support the economy. The debt pile exposes the country to the risk of a sell-off by foreign bond holders
Failed by the institutions meant to protect them from exploitation, South African Post Offices workers gave up on the legal system, resorting to illegal means.
How realistic are expectations about Africa’s economic prospects? There are several reasons why we should be both optimistic and cautious about the continent’s future economic performance.
A more enlightened approach to child labour would listen to what children say about work, balance work and school, and enhance the flexibility and quality of schooling to cater for working children.
School enrolment rates in sub-Saharan Africa have increased markedly in recent years, but it is failing its newly educated young by not creating jobs commensurate with their education.
The expected departure of Ngozi Okonjo-Iweala as Nigeria’s finance minister will leave Nigeria and sub-Saharan Africa without a significant voice in the IMF and World Bank.
The migration of early Africans into the Middle East, then across the Mediterranean into Europe and Asia – and eventually into the Americas and Australia and the Pacific Islands – is the origin of today’s humanity.