AfCFTA Key in Cushioning African LDCs from External Shocks
Africa Markets

AfCFTA Key in Cushioning African LDCs from External Shocks

Addis Ababa, 19 January 2023 (ECA) – The Economic Commission for Africa (ECA) is supporting regional trade integration through the African Trade Exchange Platform (ATEX), a platform enabling bulk procurement of commodities. Speaking at a session on integrating regional trade during the regional consultation on LDC5 for Least Developed Countries (LDCs) in Africa and Haiti, […]

AfCFTA, an Opportunity for Africa’s Youth
Africa Jobs & career

AfCFTA, an Opportunity for Africa’s Youth

Addis Ababa, 16 January 2023 (ECA) – The African Continental Free Trade Area (AfCFTA) is an opportunity for young people to accelerate Africa’s industrialization and economic transformation through entrepreneurship, youths say, calling for an enabling policy framework. Through its Youth Protocol, the AfCFTA recognises that young people can play a critical role in the achievement […]

AfCFTA Agreement will Boost Intra-African Trade and Industrialization
Africa Markets

AfCFTA Agreement will Boost Intra-African Trade and Industrialization

Addis Ababa, 18 January 2023 (ECA) – The implementation of the African Continental Free Trade Area (AfCFTA) should be expedited as the free trade zone will boost intra-African trade and accelerate industrialization, the Economic Commission for Africa (ECA) Acting Executive Secretary, Mr. Antonio Pedro, has urged. “While the AfCFTA’s promise is high, that promise can […]

Sleepwalking on Megathreat Mountain
Opinions

Sleepwalking on Megathreat Mountain

Nouriel Roubini, DAVOS – A host of interconnected “megathreats” is imperiling our future. While some of these have been long in the making, others are new. The stubbornly low inflation of the pre-pandemic period has given way to today’s excessively high inflation. Secular stagnation – perpetually low growth owing to weak aggregate demand – has […]

Pinelopi Koujianou Goldberg on Inflation Targets, Deglobalization, US-China Tensions
Opinions

Pinelopi Koujianou Goldberg on Inflation Targets, Deglobalization, US-China Tensions

Pinelopi Koujianou Goldberg, Pinelopi Koujianou Goldberg Says More… Project Syndicate: Last July, you criticized the prevailing approach to tackling inflation in the United States, arguing that interest-rate hikes would be “insufficient to rein in inflation in the short run” and “likely [to] increase unemployment over time.” Since then, the US Federal Reserve has continued to hike rates, inflation […]

Egypt's Economic Crisis Is a Golden Opportunity
Africa Opinions

Egypt’s Economic Crisis Is a Golden Opportunity

Rabah Arezki, WASHINGTON, DC – Egypt is on the brink of a financial and economic abyss. The portfolio inflows that fueled its sovereign debt market have dried up, repeated currency devaluations have driven the Egyptian pound off a cliff, and inflation is at 21%, following the rapid erosion of the country’s foreign-exchange reserves. After initially recovering from the COVID-19 pandemic, […]

dfcu Inspires Customers to Reach for More
Africa

dfcu Inspires Customers to Reach for More

KAMPALA, UGANDA – 18th January 2023: dfcu Bank has launched 12-week campaign inspiring customers to ‘Reach for More’ by taking advantage of its special financial packages to achieve their aspirations/needs conveniently during the new year. Under the campaign, the Bank is providing collateral free loans (unsecured loans) of up to UGX 250 million to customers […]