Is the Commodities Super Cycle Slowdown a Shock for Africa?
Carlos Lopes, the Executive Secretary of United Nations Economic Commission for Africa (UNECA), argues that from Nigeria to Angola, South Africa or Zambia, decline in commodity prices is deflating growth and the ripple effect is affecting the reality of lives on the ground. "Awakened by the "commodities super cycle downfall", Mr. Lopes says the "time is right for Africa to accelerate its commodity-based industrialization" by "adding value to commodities, improving its backward integration, and expanding global value chain linkages to other areas of the economy."
Economic Commission for Africa, 1 January 2016
Tumbling commodity prices have refocused attention to sustainability of growth in Africa. For over a decade, high demand and rising prices for Africa's commodities have contributed… Read more »
Tatek transformer factory near Addis Ababa, one of seven factories run by Ethiopian Power Engineering Industry, a state firm that manufactures power grid supplies and trains staff to maintain the grid.
New Times, 3 July 2015
Africa's industries have been stunted for decades now but there's a new suggestion that feeding the sector on 'Chinese steroids' could possibly breathe some life into the… Read more »
Africa: Industrializing Through Trade
Economic Commission for Africa, 14 May 2015
Launching of the Economic Report 2015 in West Africa Read more »
New Times, 1 July 2015
Africa's high growth in the past decade has created only a few jobs and the continent's share of exports in international trade has reduced from 5.9 per cent in 1980 to 3.3 per… Read more »
Ethiopia: How Can Trade Support Industrialisation?
Addis Fortune, 31 May 2015
While the last 15 years have seen relatively high levels of growth driven by a commodity super-cycle and strong internal demand from a growing middle class, Africa is still… Read more »
Tunisia, already at a political crossroads, must now also change its economic strategy and turn more towards Africa, says Carlos Lopes, Executive Secretary of the Economic ... Read more »