1. How is Africa coping with growth in this coming year?
When you look at the global economy you see a modest growth. The WB predicts a 3.2% in 2016 growth up from the less than 3% in 2015. Economic growth in Africa will expand at a slower pace. Again the WB predicts a 4.5% growth starting 2016. Better than many, you might say relative to other regions but still very, very fragile. Add to it a population with, more than two-thirds aged under-30, and job opportunities that have not kept up with population growth, there is ample reason to worry.
Pretoria - South Africa remains a reliable investment destination which is open for business, writes trade and industry minister Rob Davies.
Much has been said about the flight of capital from South Africa in recent weeks, suggesting the country has become an investment pariah. This sentiment has been coupled with the decision by ratings agencies to downgrade South Africa’s investment status. We are cognisant of both the domestic and international factors that have contributed to concerns about the stability of South Africa’s economy.
As always there's good news and bad news in politics or anything related to it when reflecting on the year past or looking forward to the future. Today I want to reflect on how things fared in the past year. I must caution you from the start, that my analysis of the news is opinion-driven and not data-driven, so please take it with a grain of salt. Also, I will not be exhaustive in my selection of issues, but will only spotlight some of the most controversial and talked about issues.
Let’s look at what happened:
The Minister for Trade and Industry, Dr. Ekwow Spio-Garbrah, has presented in Nairobi to the international community an innovative project dubbed the Pan African Trade Hub System (PATHS).
The Minister’s presentation was at a forum organised by the United Nations Conference on Trade and Development (UNCTAD) attended by top officials of the African Union, the World Trade Organisation, the Commonwealth Secretariat, the International Trade Commission and the UN Economic Commission for Africa.
ARUSHA, Tanzania - The International Trade Centre (ITC) and the East African Community (EAC) last week announced a joint project to boost intra-African trade.
“Regional integration led by the private sector is a powerful vehicle for boosting growth, creating jobs and promoting economic development,’ ITC Executive Director Arancha González said.
“Enabling the private sector and policymakers to take advantage of trade opportunities is at the heart of what ITC does. We are looking forward to doing this in collaboration with the EAC and to ensuring sustainable growth for East African countries and their SMEs,” she said.