AfrogateResearch (Kingsley O. PhD)’s Post

Raising the bar for Africa’s prosperity #UNDP #EconomistImpact #IMF #RaceToResilience #WorldEconomicForum #WorldBank #ProsperAfrica #OECD #UnitedNation • Africa can gain inclusive growth by investing in its human potential. • It can collaborate to enhance its production capacities, technology sharing, and skills development that lead to a more robust and integrated economy. AfrogateResearch.net - Knowledge Empowerment, Research Visibility, and Impact

The key to #unlocking Africa's potential i.e #Industrialisation #capability #development and #supply #chain reformulation ,is in the #regional #integration and #capacity #building. AUDA-NEPAD is the key ingredient to all of this. With bold strategic priorities like: 1. Integrating Africa's #economies; 2. Uplifting the welfare of #Africans and strengthening #effectiveness and capability of institutions 3. Building Healthy National and Regional Food Systems and Culture and Empowering Rural Communities 4. Facilitating access to affordable and sustainable energy 5. Promoting Climate Resilience, Environmental Protection and Sustainable Management of Natural Resources 6. Advancing African economies scientifically and technologically, intensifying generation and application of knowledge and innovation; Maximising #project delivery ensures that the #impact of achieving these #priorities is at scale. Positive impact at scale reduces the burden of poverty on #Africa. This is why this #partnership makes sense. With PMI MD: Sub Sahara Africa, George Asamani, MBA , living his true purpose of Building the Africa we want.

𝗔𝗗𝗘𝗞𝗘𝗬𝗘 𝗔𝗗𝗘𝗕𝗔𝗝𝗢: #UNSummit While funding struggles and operational hurdles have marked Africa's past, the continent remains important in shaping today’s global order. Organisations like the AU, ECOWAS, and SADC are actively sending peacekeepers to conflict zones throughout Africa. The urgent need for sustainable development is evident, as the continent struggles with the fallout from structural adjustment programs of the 1980s and 1990s. With high-income countries lagging on their pledged support, Africa faces a 1.1 trillion dollar debt. Read more https://ow.ly/minE50ThkBO

The Board of the African Development Bank approved South Africa's Country Strategy Paper 2023-2028, focusing interventions on improving governance and developing the private sector. Key initiatives include strengthening economic management, boosting manufacturing and industrialization, expanding quality infrastructure, and increasing #climate resilience. With an indicative $1.54 billion program, the strategy aligns with #SouthAfrica's development vision to reduce poverty and establish an inclusive, sustainable growth trajectory. By targeting constraints, the Bank seeks transformation at scale for expanded opportunities. Details: t.ly/1qjht

Thank you to the Mo Ibrahim Foundation for producing this exceptional report and for incorporating my perspective alongside those of other young voices in its development. The succinct, though complex, conclusion is that 'The money lies in Africa.' Unfortunately, poor governance has hindered financial investments in value-addition activities. I believe that enhancing our manufacturing capabilities and encouraging a robust output in STEM fields are key strategies to address challenges in sectors such as energy, health, and beyond which have a strong correlation to continental economic growth. The real challenge lies in combating poor governance while simultaneously advancing our capacity for value addition. This calls for a collective effort from all stakeholders - the famous 'all hands on deck approach'. The report linked here provides valuable insights into how these goals might be achieved 👇🏾

✅ The African Development Bank Group's ACEF supports African Micro, Small, and Medium Enterprises, to turn Africa's backbone of job creation and community development into a circular driving force. ⭕ ACEF calls for collective action to fast-track the #circulareconomy shift in Africa amidst the Triple Planetary Crisis

CALL TO ACTION! Resilience Action Network Africa more than 20 CSOs, including WACI Health, The ONE Campaign, Global Citizen, and more, call on shareholders and IDA decision makers to take the lead for a historic IDA21 replenishment by ensuring and ensure that IDA is well-resourced to help countries respond to historic challenges, and advance the World Bank’s mission to end poverty on a liveable planet. The Africa Heads of State Summit (April 29) in Nairobi was an important moment to showcase the critical role that The World Bank’s International Development Association plays as the largest source of grants and low-cost loans for the world’s 75 poorest countries, 39 of which are in sub-Saharan Africa. The combined toll of the COVID-19 pandemic, accelerating climate change, food insecurity, growing debt distress, and other crises have led to a "historic reversal" in economic growth, which in turn has widened the income gap, stalled efforts to reduce poverty and hunger, and derailed progress toward the Sustainable Development Goals. Now is the time to move from words to actions. Read the full letter: https://lnkd.in/dMzBiES6

We need African leaders who can stand tall and represent Africa as equals. The colonial masters may never leave Africa, but we can position ourselves as innovators and leverage our resources at the bargaining table. Deals must be made to survive in this world, and we need the right hands to make them. Let's elect African leaders who can navigate deal-making complexities and take Africa to new heights. #itistimetoinnovate

AFRICA WE ARE MOVING, BUT ONLY IN CIRCLES; IF WE REALLY WANT TO MOVE FORWARD, WE MUST FIRST TURN OUR #NAIVETY INTO #OBJECTIVITY! What's the solution to that larger majority of Africans, who don't have ears to hear? That's the #reality - the masses in Africa don't want to hear this anymore, else they would have changed it long ago! So many people have been preaching IT, but many prefer to listen to the #sermons in our churches! Just go out in #any African village or city and ask the #people what they think! A good majority will tell you, they are #hoping #God will change IT! When #God comes in the form of #promises, why wouldn't people building their future on #hope not fail! We should start by being #objective, Our #shortcomings will always be exploited by others (including our own brothers and sisters)! We have #OnlyOneShortcomming: #naivety! Only after turning #naivety to #objectivity will we be able to start moving forward again! Yes, we have indeed been moving all this while, but only in #circles! Change IT. Become #Objective. Move #Forward!

Although there has been a decline in the frequency and severity of conflict in Africa since the early 2000s, there has been an uptick in violence in recent years that is consistent with the global rise in conflict. Approximately one third of the countries in the region have experienced recent conflict. Policymakers in countries affected by conflict and fragility must introduce inclusive approaches to help their economies to recover from current conflicts and prevent conflicts from erupting and persisting. Hence, finance and knowledge from international organizations may play a vital role in helping fragile and conflict-affected States to rebuild resilient institutions and economies during active conflict and throughout their recovery and transition. For instance, operations financed by the International Development Association (IDA) of The World Bank have demonstrated their effectiveness in helping people to resume peaceful and productive lives in conflict-affected areas. Download the Report 👉 https://lnkd.in/eYNa7nvy #economicgrowth #armedconflict #economicrecovery #Africa #conflicts #peace