Thursday, February 13, 2025
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New brainstorming event in preparation to advance Africa’s economic integration and prosperity agenda

Preparations are ongoing for the launch of the 2025 edition of the Africa Prosperity Dialogues, scheduled to take place in Accra, Ghana, from Thursday, 30 January to Saturday, 1 February 2025. Over 3,000 delegates from more than 46 countries worldwide, including several African Heads of State, are expected to converge at the Accra International Conference Centre (AICC) to discuss how to advance Africa’s economic integration and prosperity agenda. Specific sessions will cover topics crucial for Africa’s long-term prosperity, including female entrepreneurship, housing, payments, youth empowerment, public-private partnerships, and venture capital and private equity.

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Africa has the greatest potential to ferry humanity towards the achievement of “Type I” civilization

Africa is widely considered the cradle of humankind, as paleoanthropology and fossil evidence have proved that the continent hosted the earliest human ancestors and the first highly advanced civilizations. Less debated is instead the question of whether it can be considered as the next stage in the process of evolution of human civilization... because of its potential to harness renewable energies.

Read the post on our blog and the extended version on the Habari Network.

Investments in Africa expected to grow, amidst unpredictable endogenous and external factors

A new analysis on economic trends in 2025 published on Africa Confidential predicts that the continent will grow faster this year and that inflation will fall down, partly due to improved growth prospects in bigger economies like South Africa and Angola, as estimated by some economic observers like the World Bank. Despite this, the continent keeps lagging behind the rest of the world on almost all metrics, including poverty reduction, access to sanitation, access to water and electricity, secondary schooling completion, noncommunicable disease (NCD) mortality, among others. The number of Africans facing challenges is also growing, while other regions of the world are making progress, albeit slowly. According to World Vision, food crisis is intensifying across Africa as well, with the number of people that suffer from hunger and starvation that has increased in recent years due to a combination of factors, including the war in Ukraine, regional conflicts, extreme weather events, and the still ongoing effects of the COVID-19 pandemic.

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Major economies to drive Africa economic growth in 2025

As a new year begins, it is customary to examine growth estimates for the various regions of the world in the months ahead. This time, the United Nations have sought to anticipate the global development scenarios, an exercise carried out in the recently released World Economic Situation and Prospects (WESP) 2025 report.

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Railway transport in Africa constrained by rise in vandalism and theft

Compared to other continents, Africa has a very limited and underdeveloped railway network. A paper published by Tralac in September 2023 noted that the majority of railways (with a few exceptions), provides mainly links between coastal seaports and inland destinations, while those offering an interconnection between African states are very few. The paper also noted that even currently, 16 countries out of 54 African States in Africa still do not have railways. In addition, as many of them were built during the colonial period, these railways have aged significantly, because of years of underinvestment and lack of maintenance mainly due to a lack of consistent funding dedicated to these operations. As a result, road transport has become the dominant mode of transport in the continent, leading to congestion, accidents, and increased reliance on fuel imports. The African Development Bank calculates that road transport currently carries 80 percent of goods and 90 percent of passenger traffic, noting that the overreliance on road transport increases the cost of transporting goods, making African products less competitive in global markets.

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