Leading economists from across Africa are meeting in Nairobi to discuss the continent's economy.
The meeting, which will draw government policy makers and central bank governors, comes at a time when the continent is facing a daunting task as a result of the global economic crisis.
The full effect of the crisis is yet to be quantified and their long term effect noted.
The African economy is undergoing one of its biggest challenges in years as the global economic crisis bears its weight on the bristle economies of the continent.
The aftershock of the crisis that originated in the US and Europe has dragged down African economies which were on a trajectory of growth.
African economies are under grave challenges as the achievements of the past decade are likely to be eroded. In addition, the threat is likely to weaken exports, reduce remittances flow and earnings from tourism, and lead to a decline in foreign direct investment (FDI).
Global rising prices for primary commodities have been the driving factor for many African economies which recorded resurgence growth.
The conference, to kick off on Thursday, is organised by the African Economic Research Consortium (AERC) a Pan-African research think tank, in conjunction with the Global Development Network (GDN), and Overseas Development Institute (ODI).
Economic crisis
The conference, which is the 31st plenary session to be held by the AERC, will focus on Central Banking in a changing African Environment.
"The conference is a network of African leading economic researchers who will focus on critical economic issues and how to inform policy makers," said an official of AERC who sought anonymity as he is not the official spokesperson for the organisation.
According to the official, the conference to be attended by 200 economists, will look at emerging issues facing Africa such as plummeting prices for primary commodities, falling remittances and how to address new challenges brought about by the global economic crisis.
The shift of African economies to market driven economies have resulted in opening up to foreign investments.
The participation of investors in sectors such as capital market, exploration of natural resources has led to tremendous growth.
However this has led to emerging challenges such as dependency on single or few commodities for export, flow of hot funds into emerging equity markets and lack of value addition on locally produce hence low market value.
For instance Zambia economy has suffered a severe recession as the global prices of copper its principle export plummeted.
However, Africa oil producing countries went through the recession with minimal effects as high oil prices enabled them to continue receiving foreign exchange.
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HeyNow Afrikan Family !
On Afrikans Investing In Technology , Afrikans abroad & In Afrika
Should Invest In The Technologies around the world And Have It
Shipped To Afrika With The Know-How To Do It Ourselves.. We
SHOULD NOT just allow countries to come into our countries and build
and settle on our lands. If you will allow a stranger to run your country,
Then you will allow then to run your state. If you will allow a stranger to run your state,
then you will allow them to run your city, your neighborhood, your home, your family,
yourself.. We Black Afrikans will be free , when we stop selling ourselves !!!!!!!
America (The Whore Of Babylon) Is Trying To Re-vive it'as dying
soul via other ASIANS & CAUC - ASIANS , But Prophecy Is
Pronounced :
And in those times there shall many stand up against the king of
the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR
PEOPLE shall exalt themselves to establish the vision; BUT
THEY SHALL FALL ! [Daniel 11:14 ]
ATTENTION AFRIKA , you have 300 million citizens spread
abroad that need your help getting back to our roots. While you
are looking to countries like America & China to uplift Afrika, Many
of us Black Afrikans spread abroad are proficient in a lot of useful
technologies. Here is a brief synopsis of some of the inventions
that Black Americans have produced. So please help us to get
home.
BLACK AFRICAN INVENTORS AND THEIR INVENTIONS
* Sarah Boone - IRONING BOARD - April 26, 1892
* John A. Burr - LAWN MOWER
* Marie V. Brittan Brown - HOME SECURITY SYSTEM - Dec 2, 1969
* Buridge & Marshman - TYPEWRITER
* George Carruthers - X-RAY MACHINE
* George Washington Carver - PEANUT BUTTER - PAINTS PAINT STAINS ETC
* W.A. Dietz - SHOE
* P.B. Downing - POSTAL LETTER BOX
* Charles R. Drew - BLOOD PLASMA STORAGE SYSTEM
* T. Elkins - TOILET (COMMODE)
* Robert Flemming Jr. - GUITAR
* George F. Grant - GOLF TEE
* J. Gregory - MOTOR
* Michael Harney - LANTERN
* Augustus Jackson - ICE CREAM
* B.F. Jackson - GAS BURNER
* H.A. Jackson - KITCHEN TABLE
* Ruane Jeter - DIGITAL TOASTER - April 14, 1987
* Isaac R. Johnson - BICYCLE FRAME
* John A. Johnson - WRENCH
* P. Johnson - EYE PROTECTOR (GOGGLES)
* W. Johnson - EGG BEATER
* Frederick M. Jones - DEFROSTER - REFRIGERATION CONTROLS AIR CONDITIONER
* Jones & Long - BOTTLE CAPS
* John H. Jordan - CLOTHES DRESSER
* Mary B. Kenner - SANITARY BELT (TAMPONS) - May 15, 1956
* Mary B. Kenner - BATHROOM TISSUE HOLDER - Nov 19, 1982
* Mary B. Kenner - BACKWASHER ( BATHTUB OR SHOWER MOUNTED) - July 29,1987
* Lewis Latimer & Nichols - ELECTIC LAMP
* W.A. Lavalette - PRINTING PRESS
* Maurice W. Lee PRESSURE COOKER
* A.L. Lewis - WINDOW CLEANER
* John L. Love - PENCIL SHARPENER
* Tony J. Marshall - FIRE EXTINGUISHER
* Alexander Miles - ELEVATOR
* Jan E. Matzeliger - SHOE LASTING MACHINE
* W.A. Martin - LOCK
* Garrett A. Morgan - GAS MASK - Traffic Signal
* Lydia Newman - HAIR BRUSH - Nov 15, 1898
* Alice H. Parker - HEATING FURNACE - Dec 23, 1919
* J.F. Pickering - AIR SHIP (BLIMP)
* Purdy & Sadgwar - FOLDING CHAIR
* W.B. Purvis - FOUNTAIN PEN
* L.P. Ray - DUST PAN
* W.H. Richardson - BABY BUGGY
* G.T. Sampson - CLOTHES DRYER
* .W. Smith - LAWN SPRINKLER
* J. Standard - REFRIGERATOR
* T.W. Stewart - MOP
* Paul E. Williams - HELICOPTER
* Granville T. Woods - Roller Coaster
* Thanks to The Black Inventors Museum *
* Address : P.O. Box 76128 - Los Angeles , Calif. (90076)
* Phone (310) 859-4602)
* Director : Ghanaian Mr. Hamza Salifa
AND
ONE AFRICA TOURS & SPECIALTY SERVICES LTD.
* Major Contributor of Information : SEESTAH Imahkus Nzinga Ababio Okofo
[ http://www.oneafricaghana.com/ ]
P. O. Box CC 1251 - Cape Coast
Ghana - West Africa
What can you do to help us ?
Start with contacting Pan-Afrikanist organizations like BLACK
STAR MEDIA (Modelled after Marcus Garveys Vision For Afrika) : They are at
[ www.libradio.net ]. The CEO of BLACK STAR MEDIA is Keidi-Obi
Awadu. He has been on the frontline fighting for our freedom for
over 30 years.
It's Not A Question Of Other Learned Societies.
It's The INFERIORITY COMPLEX WE HAVE TO SHED
St. Paul In A Letter To The Christians In Rome Said :
" For I say, through the grace given to me, to every man that is
among you, NOT TO THINK OF HIMSELF MORE HIGHLY Than
He Ought To Think; but to think soberly, according AS GOD HAS
D EALT TO EVERY MAN THE MEASURE OF FAITH .
We All Should Think Highly Of Ourselves, Keeping In Our Mind
That God Gave Us Dominion Over The Earth
, NOT EACH OTHER. !!!!!!!!
So let's please help us to return to our Mama Afrika as Israel
under Moses escaped their exile !!!!!!!
[Check Out :
WHO BROUGHT THE SLAVES TO AMERICA ?
[ http://isohunt.com/torrent_details/42787621/Who+brought+the+slaves+to+ameri ca?tab=summary]
for full length video
FRITZ SPRINGMEIER A Bold Christian Truthseeker The Top 13 Illuminati Bloodlines
[ http://www.youtube.com/watch?v=k73Q2_f4vKU ]
WAKE UP ! STAY UP MY BROTHERS & SISTERS !
[ www.libradio.net ]
[ www.gcnlive.com]
- Life Is a Game. Have Fun. [ Luke 18:17 / Isaiah 11:6 ] :