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Money is much more than just bank notes and coins issued by central banks. EPA/Aaron Ufumeli

Explainer: the real role of banks in money creation

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.
Mozambique has improved access to education, but it has to do more to meet the high expectations of its young and rapidly growing population. Reuters/Grant Lee Neuenbur

What Mozambique can do to achieve rapid economic and social progress

Agriculture, which employs about 80% of the working population, and political stability are key to Mozambique’s rapid economic and social progress.
The challenge for new African Development Bank President Akinwumi Adesina is to ensure that it develops its own Africa-relevant solutions to the continent’s problems. Reuters/Luc Gnago

African Development Bank must gear up for a more proactive role

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.
The production of indicators, such as the World Economic Forum’s ranking of economies on competitiveness, is a political process. Reuters/Victor Ruiz Garcia

Explainer: how indicators have the power to shape our world

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.
Zambia’s success in building its food processing sector depends on tapping into procurement strategies of retail chains such as Shoprite. Reuters/Salim Henry

Can Zambia escape the clutches of the resource curse?

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.
Since its launch in 2011, South Africa’s renewable energy programme has brought a diversity of new players and sources of investment to the country. Reuters

South Africa’s renewable energy plan needs a close eye

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?
Leonardo DiCaprio plays Jay Gatsby in the The Great Gatsby. Jay’s story has been used by economists to explain the combination of unequal distribution of income and less economic mobility. Reuters/Andrew Kelly

Apartheid continues to cast shadow on equality of opportunity

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.
Remittance recipients whose priority is the socioeconomic improvements of their lives were found to be less engaged with democratic processes. Reuters/Mohamed Nureldin Abdallah

Towards another resource curse? Remittances and support for democracy in 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.
New African economic history is challenging earlier wisdom by showing, for example, that railways have had profound effects, both positive and negative on African societies. Reuters/Thomas Mukoya

The renaissance in understanding Africa’s economic past

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.
South African Reserve Bank Governor Lesetja Kganyago is the third since the bank adopted a more transparent way of operating. Reuters/Siphiwe Sibeko

Clearing up the mystique of central banking

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.
Nigerian youth celebrate presidential candidate Muhammadu Buhari’s victory. Youth unemployment will continue to threaten the continent’s growth. Reuters/Goran Tomasevic

Renaissance or mirage: can Africa sustain its growth?

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.
Children’s labour entails both benefits and harm that should be assessed at the local level. Reuters/Finbarr O'Reilly

Global standards miss the nuance in local child labour

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.
Despite increases in education attainment, the educated youth in sub-Saharan Africa find that there are no jobs suited to their levels of education. Reuters/Afolabi Sotunde

When better education doesn’t lead to a better job

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.
Consumption patterns among blacks are complicated by considerations including race, class position and personal relationships. Reuters/Antony Kaminju

Shaky ground: the challenge of being black and middle class

The black middle class occupies a complex and sometimes precarious position in society, one that requires constant renegotiation.
Most of the migrants desperately crossing the Mediterranean from Africa are refugees. EPA/STR

Without immigrants, none of us would be here

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.