- LONDON BASED FIRM GLOBELEQ ANNOUNCED CONSTRUCTION OF WIND POWER PLANT IN MOZAMBQIUE
- HOW SOUTH AFRICA SHUTDOWN COAL-FIRED POWER PLANT TO SECURE US$2.5BILLION CLIMATE FUND
- ELECTRICITY LINE RESTORED IN DOUALA BUT CONCERN STILL THERE IN CAMEROON
- RESCUE OPERATION STILL ONGOING OVER COLLAPSED BUILDING IN GEORGE, SOUTH AFRICA
- WORLD BANK APPROVED US$68M FOR GIRAV PROJECT IN THE GAMBIA
THE SLOWDOWN OF POLITICAL AND ECONOMIC PROGRESS IN SUB-SAHARAN AFRICA
One of the saddest stories of the year has gone largely unreported: the slowdown of political and economic progress in sub-Saharan Africa. There is no longer a clear path to be seen, or a simple story to be told, about how the world’s poorest continent might claw its way up to middle-income status. Africa has amazing human talent and brilliant cultural heritages, but its major political centers are, to put it bluntly, falling apart.
Three countries are more geopolitically central than the others. Ethiopia, with a population of 118 million, is sub-Saharan Africa’s second-most populous nation and the most significant node in East Africa. Nigeria has the most people (212 million) and the largest GDP on the continent. South Africa, population 60 million, is the region’s wealthiest nation, and it is the central economic and political presence in the southern part of the continent.
Within the last two years, all three of these nations have fallen into very serious trouble.
Read the full article on Bloomberg