Africa cannot afford to be all talk and no action on integration
Power supply and cannabis are two examples where policymakers fail to face practical realities
According to Nasdaq, the US financial services group that operates the Nasdaq stock market, Africa is home to the world’s six fastest-growing economies of 2020 (South Sudan, Egypt, Benin, Rwanda, Ethiopia and Tanzania). However, the World Bank expects the continent’s economy to shrink 3.3% in 2020, a function of lowered domestic consumption and investment.
The drop in investment is a particular concern as it could push up to 40-million people into extreme poverty and nullify gains made over the last five years. Admittedly, trade and inward investment were limited due to Covid-19-related restriction and containment issues. ..
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