Merkel makes G20 ‘Compact for Africa’ case in Berlin

Merkel makes G20 ‘Compact for Africa’ case in Berlin

German Chancellor Angela Merkel pressed her case for investment in Africa on Monday as part of the G20’s Compact for Africa initiative, the focus of two-day meetings in Berlin. Merkel, whose nation holds the current G20 presidency, welcomed African leaders from Côte d’Ivoire, Ghana and Tunisia, the three nations that…

Somalia: World Bank approves USD$50 million for drought emergency

The World Bank has approved USD$50 million in grant funding to assist with the drought and famine response, and provide humanitarian aid to Somalia. The Somalia Emergency Drought Response and Recovery Project (SEDRP) will be coordinated through the International Committee of the Red Cross (ICRC) and the United Nations Food…

WEF: Competitiveness report focuses on youth, jobs, cities

The Africa Competitiveness Report was released Thursday at the World Economic Forum on Africa meeting in Durban, with some muted positive trends despite the overall economic stagnation. Lagging infrastructure improvement, weak financial sector development and low levels of regional trade continue to be key constraints to growth. Yet the report,…

Agribusiness in Africa: Unlocking the business potential of smallholders

Agribusiness and agriculture are primed to be the catalysts of Africa’s economic transformation and development in the coming years. According to the World Bank, they are both expected to form a USD $1 trillion industry by 2030 in Sub-Saharan Africa whilst representing 45 percent of the continent’s GDP. Considering the connection between…

Benjamin K. Musampa

Benjamin Musampa is a research associate at l'Observatoire des Amériques

Tanzania: Dar es Salaam water, transport boosted by World Bank

Nearly 2 million people in Tanzania are expected to benefit from newly approved World Bank financing for improvements in the East African country’s water services and infrastructure. The USD$225 million will come from the International Development Association (IDA), through the Second Water Sector Support Project, the World Bank said in…