Tag Archives | poverty
In spite of the high inequalities existing between countries in Africa, inclusive growth was still possible with cooperation and integration of trade, the Chief Economist, African Development Bank, AfDB, Mthuli Ncube, has said. Mr. Ncube, who was speaking during one of the private meetings marking the opening of the 24the World Economic Forum
Building a strong foundation for Africa – business continuity management & infrastructure resilience
Nowhere is infrastructure resilience more important than in Africa. As the continent once considered ‘dark’ emerges into a brilliant new era of growth and stability, much of her success will depend on the quality and resilience of infrastructure.
Following on from our Africa Consumer Story: Demographics post, we take a look at macroeconomic drivers and spending patterns. Africa’s economic performance has improved greatly since the turn of the century, leading to large increases in GDP/ capita and lower levels of poverty.
Not so long ago, for luxury goods retailers the African market boiled down to a tiny elite, in some cases just a corrupt ruling clique. Not anymore. Although millions of Africans remain stuck in crushing poverty, disposable incomes are on the up. Luxury firms like LVMH, which makes Moet and Hennessy luxury drinks as well as Louis Vuitton handbags, are targeting the burgeoning ranks of what South African retailers call “black diamonds “, or affluent African professionals.
In recent times, the term going ‘green’ has gained notable traction in both the political and business world. Increasingly, we are called to realize the impact that our social and economic activities have on the environment around us, and in turn, the long-term implications that this impact has. In this article, we take a look at the key focus areas for Africa’s green agenda.
“Is it possible to do business in Africa without having to cross moral boundaries?” This question is encouraging as an indication that moral considerations increasingly form part of strategic business decisions. The concern with ethical business is no doubt inspired by stringent and more diligently enforced legislation on corruption. The unfortunate consequences of corporate participation in corruption has been evident in the case of Siemens, for instance, who agreed to pay $1.34 billion in fines for bribery in December of 2008.
The English philosopher Francis Bacon once claimed “opportunity makes the thief”. The implication is that people are not born thieves, but thieves are created in the moment, in situations where opportunities for thievery exist. A second and more unsettling implication is that anyone is potentially a thief. Criminologists working from the opportunity hypothesis also propose that crime is the result of a rational choice in which costs and benefits are weighed up.
By 2030, for the first time in history, 60% of the world’s population will be living in cities. And not just ordinary cities, but huge urban agglomerations called megacities. While these super-sized cities are often considered fundamental to economic development – offering inhabitants tremendous opportunities – they can also be hotbeds of misery and poverty.
The World Bank’s Vice President, Makhtar Diop, has called for faster progress in areas such as electricity and food in the vulnerable areas of The Sahel and the Horn of Africa, and says that significantly more energy and agricultural productivity are needed to raise the quality of life …
Africa Brief: SA, Lesotho border control, Africa growth, Mauritius, Toyota SA, BP in Tanzania and more
SA AND Lesotho have agreed to create migration systems that make it easier for people and goods to move across their border, but researchers are concerned that adding to border-crossing requirements could make the process difficult and worsen corruption. SA’s Department of Home Affairs director-general Mkuseli Apleni earlier this year reassured Basotho with dual citizenship that the South African Citizenship Amendment Act 2010 would not compel them to relinquish their South African citizenship.
Africa is not a healthy continent. On all indicators of health, Africa lags behind the rest of the world, and behind poor countries of South-East and South Asia that were behind Africa when measured on these metrics a few decades ago. Much of this gap, which has widened since the 1980s is a consequence of the HIV/AIDS epidemic which has hit Africa harder than any region on Earth, but much of it (as well as the sometimes sluggish and ineffective responses to HIV/AIDS) can be blamed on other factors.