On 12-13 June, the government of Germany organised an international conference on the topic of “G20-Africa Partnership - Investing in a Common Future.” The high-level conference gathered about 800 participants in Berlin, Germany, including presidents from Côte d’Ivoire, Ghana, Mali and Senegal. The debate focused on the three pillars of the G20-Africa Partnership: 1) to improve inclusive economic growth and employment; 2) to develop quality infrastructure, especially in the energy sector; and 3) to strengthen the framework for private finance and investment in Africa.
- 13 Jun 2017Body:
- 12 Jun 2017Body:Of the 1 939 urban agglomerations in the Africapolis database, 290 have a market potential - total population living within 40 km of the centre of an agglomeration - of more than 2 million people. The market potential of a region is a good measure of spatial variations in economic density and can be interpreted to determine the economic attractiveness of a region. It provides an additional illustration of urban development not captured by city size alone.
- Country:Topics:Body:With 0.4% real GDP growth in 2016, West Africa has recorded the lowest growth rate in Africa, far below the continental average (2.2%) and the best-performing region of East Africa (5.3%). The situation can be explained by the economic downturn in Nigeria, which has slipped into recession (- 1.5%) during the second term of 2016, due to the drastic fall in oil prices as well as the fragile security situation and political uncertainty.
- 26 May 2017Topics:Body:The African Development Bank annual meetings hosted the release of the 16th edition of the African Economic Outlook. Besides the statistics and the notes on the 54 African countries, this year the report addresses the special theme -- Entrepreneurship and Industrialisation in Africa -- highlighting the high, untapped potential for African entrepreneurship.
- Members:Body:Salou Djibo, President of the ECOWAS Trade Liberalisation Scheme and former president of Niger, met with ECOWAS Commission President Marcel de Souza to discuss their progress in the implementation of the ECOWAS Trade Liberalisation Scheme (ETLS). During a briefing session of the ETLS Task Force on 10 May in Abuja, they reiterated the Commission’s commitment to achieve economic integration.
- 12 Apr 2017Body:Twenty-five per cent of West Africa’s nearly 2 000 urban agglomerations can be described as satellite towns. These 461 towns have a combined population of 14.4 million or 11% of the total urban population of West Africa. Nigeria is the country with the greatest number of satellite towns (367). Satellite towns are, by definition, modest in size with an average of 31 000 inhabitants.
- Country:Body:From 30-31 March 2017, the OECD hosted the fifth edition of the 2017 Global Anti-Corruption and Integrity Forum on the theme, ‘‘In the public interest: Taking integrity to higher standards.’’ Nigerian Vice-President Yemi Osinbajo participated as the keynote speaker. In his statement entitled, ‘‘United action is the key,’’ Osinbajo highlighted the immense challenges that corruption and illicit financial flows pose in developing countries.
- 21 Mar 2017Opinion:Body:Food prices in West African countries are significantly higher than in other areas of the world with comparable levels of development. This situation seriously affects food security and the welfare of households. It is, according to Thomas Allen from the Sahel and West Africa Club Secretariat, “one more reason to unlock the trade potential of the region,” writing in the Rural 21 magazine.
- 20 Mar 2017Topics:Body:“Strengthening rural livelihoods in the face of rapid urbanisation in Africa” was the topic of a Brussels Briefing organised on 20 March by the Technical Centre for Agricultural and Rural Cooperation (CTA), BMZ/GIZ and partners. Thomas Allen, from the Sahel and West Africa Club Secretariat (SWAC/OECD) participated in a panel discussion on rural transformation and job creation. His presentation argued that although the farming sector will continue to provide the most jobs, labour is increasingly moving out of farming, requiring people to develop different skills.
- 08 Mar 2017Members:Body:On 25 February 2017, Morocco officially asked the Economic Community of West African States (ECOWAS) to become a full member. Morocco has been an observer to ECOWAS and has developed strong political, human, historical, religious and economic ties at all levels with ECOWAS member countries.