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Sat,18Nov2017

natural resources

Commodity exports: turning resource curse into economic engine

Frank Augstein/AP/SIPA

A cargo vessel passes by as the sun rises over the Indian Ocean in Durban, South Africa. Frank Augstein/AP/SIPA.

By: Ruslan Kharlamov

 Last month I attended the 5th edition of the Africa CEO Forum, a two-day event dedicated to the continent's socio-economic development. One of the forum’s key—and, unfortunately, protracted—discussions was how to end Africa’s resource curse and climb up the value chain.

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Africa's commercial strength could be under threat from weak eurozone - Valentine Rugwabiza

Valentine Rugwabiza Deputy director-general, World Trade OrganisationThe arrival of new trading partners has boosted African economies and not just in the oil and minerals sector. But the World Trade Organisation's Deputy director-general, Valentine Rugwabiza, from Rwanda, believes that Africa needs to look beyond natural resources to create jobs for the continent's many young people.

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Ethiopia can look to 
light manufacturing 
to create jobs - Justin Lin

Sub-Saharan countries like Ethiopia have an edge in low-tech manufacturing owing to abundant labour and natural resources, says the World Bank chief economist, Justin Lin. He encourages Asian-inspired and market policies and says the Horn of Africa country can look to 
light manufacturing 
to create jobs.

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Mining: A bigger share

altHigher commodity prices have propelled mining houses towards the top of the list but also leave governments calling for more direct revenue from operators in the natural resource sector.

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Africa talking to Beijing: Zimbabwe

altTough governments are able to get the most out of the rise in emerging-market interest in Africa. Here is one example of countries trying to get beyond the 'win-win' rhetoric in engagements with their Chinese partners.

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Country Profile 2012: NAMIBIA

altContenders Eye Pohamba's Exit
President Hifikepunye Pohamba and the ruling South West Africa People's Organisation (SWAPO) will remain the dominant force in Namibian politics. Whoever succeeds Pohamba is likely to maintain his broadly probusiness policies to ensure Namibia continues to attract FDI.

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Ghana: A third woman candidate in presidential race

Women do not shy away from political power in Ghana. After the former First Lady Nana Konadu Agyeman Rawlings, and the daughter of the "founding father", Samiah Nkrumah declared their interest in the presidency, Akua Donkor, a virtually unknown woman in the west African country's political sphere has entered the race.

 

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