Carlos Lopes, executive secretary of the Economic Commission for Africa, shares his thoughts on Africa’s current economic situation.
Industrialisation cannot be considered a luxury but a necessity for the continent’s development.
The story of Africa’s worrisome youth unemployment is often told alongside the story of the continent’s fast and steady economic growth.
“China’s gift to Africa.” The new headquarters of the African Union, is so called because China picked up the US$200 million tab for the state-of-the-art complex.
Undoubtedly Africa is still bedevilled by poverty, with half of its people living on less than $2 a day. However, its economic growth over the past decade has been striking.