growth

Africa-Nordic Dialogue Focuses on Poverty Reduction

Poverty reduction, inequality and unemployment are expected to take a centre stage as the 14th session of the Africa-Nordic foreign ministers dialogue enters its second and final day at Mookgopong in Limpopo. 

The forum, which was established in the year 2000, aims to establish new perspectives for the friendship, cooperation and solidarity that exists between various African countries and the Nordic countries. 

Africa Urged to Invest in Youth

The United Nations Population Fund (UNPFA) says the returns on smart investments in young people could be as much as US$500 billion a year to sub Saharan economies over the next 30 years.

In its report titled ‘The Power of 1.8 Billion: Adolescents, Youth and the Transformation of the Future’, the UNPFA highlights that developing countries with large youth populations could see their economics soar if the right investments are made in education, health planning and protection of rights.

NDP Implementation to be Accelerated

The government intends to accelerate the implementation of the National Development Plan (NDP) in a bid to unlock the country's growth potential.
 
According to Communications Minister, Faith Muthambi, the government is alive to the growth challenges that the country faces, following a Cabinet meeting.
 
“Government is committed to improving the regulatory environment, reducing skills shortages and accelerating its infrastructure investment programme as part of removing obstacles that are constraining growth,” she explains.
 

World Bank Predict Negative Growth for Zim

The World Bank says Zimbabwe could be headed for negative growth by 2016 if no measures are taken to halt the decline.

In its latest Global Economic Prospects Report for 2014, the global lender has revised downwards the country's growth to two percent, further predicting that 2015 will see further slump to one percent.

Zimbabwe is in the throes of deflation caused by a decrease in the demand for consumer goods and falling prices.

GDP Risks Two Percent Decline

The South African Institute of Race Relations (SAIRR) has warned that the Gross Domestic Product (GDP) in South Africa risks declining below two percent this year.

SAIRR chief economist, Ian Cruickshanks, says that the decline will negatively affect government revenue, infrastructure development and job creation in the country.

IPCC Urges ‘Faster Action’ on Global Warming

The United Nations (UN) says faster action is needed to keep global warming to agreed limits and delays until 2030 could force reliance on technologies to extract greenhouse gases from the air.
 
In its latest report, the Intergovernmental Panel on Climate Change (IPCC), which drew on the work of more than 1 000 experts, says a shift from fossil fuels to low-carbon energy such as wind, solar or nuclear power was affordable and will shave only about 0.06 percent point a year off world economic growth.
 

Project Tackles, Prevents Stunting of Children

The United Nations Humanitarian food agency has launched a new project to tackle stunting in nearly one million affected children under the age of five in Malawi.
 
The World Food Programme (WFP) states that the project is designed to reduce stunting in the district by five to 10 percent, as well as build evidence for the best ways of tackling the problem.

Trade and Industrial Policy Strategies: Receptionist / Office Administrator

The Trade and Industrial Policy Strategies (TIPS) is a nonprofit company (NPC) based in Pretoria, South Africa. The organisation facilitates policy development and dialogue in pursuit of sustainable and inclusive growth. TIPS has three main focus areas: Trade and Industrial Policy, inequality, economic inclusion and sustainable growth. Its working model integrates research and analysis, policy development, disseminating information, capacity building, technical support, and programme design and management.

Africa Dominates G20 Developmental Agenda

G20 leaders have vowed to remove trade barriers and set the global economy on growth path.

Speaking though an interpreter, Chinese President and G20 President Xi JingPing says free trade will spur growth, adding that, "We agreed to improve the G20 trade and investment mechanism and endorse the G20 strategy for global trade growth and move towards inclusive and coordinated global value chains.”

Rwanda Tops World Bank Governance Ratings for Africa

According to a new report by the World Bank, Rwanda, Cabo Verde, Kenya and Senegal lead the continent in the quality of their governance and institutions that support economic growth and reduce poverty.

According to the World Bank, Rwanda has made significant progress in transforming from a low-income agricultural economy to one that is service-based.

The report finds that Rwanda’s ‘Vision 2020’ plan seeks to speed growth and reduce poverty with a focus on economic transformation, youth employment productivity, rural development and government accountability.

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