In a whirlwind of events at the World Economic Forum in Davos today Secretary-General Ban Ki-moon highlighted the vital need for Governments, business and civil society to cooperate whether in erasing gender inequality and harnessing “girl power” to reach development goals, combatting climate change, or eliminating hunger
Quick facts of inequality in Kenya
Steady advances in human development in sub-Saharan Africa could stall and even reverse unless bold steps are taken to reduce environmental risks and inequalities in the region and around the world, says the 2011 Human Development Report, released by the United Nations Development Programme
My fellow Malawians,
I have the privilege of placing before you the Manifesto of the People’s Party, which highlights the policies and progammes we intend to implement after the forthcoming elections. I do so in all humility, knowing, as you do, how far we have recently come in rescuing our country from the mismanagement and abuses of the past. However, we still have a lot of work to do, in order to turn our country around and create the foundation for a clean and competent Government that meets the aspirations of the people of Malawi.
The Rural Structural Program on the Structural Dimensions of Liberalization in Agriculture and Rural Development is a joint initiative of the World Bank, the French Cooperation (French Development Agency, Ministry of Agriculture and Fisheries, Ministry of Foreign, Agricultural Research Centre for International Development—CIRAD) and the International Fund for Agricultural Development. It is managed by the World Bank.
Income per capita in Uganda has doubled in the last 20 years. This remarkable performance has been buoyed by significant aid flows and large external imbalances. Economic growth has been concentrated in non-tradable activities leading to growing external imbalances and a growing gap between rural and urban incomes. Future growth will depend on achieving sufficient export dynamism. In addition, growth faces a number of other challenges: low urbanization rate, rapid rural population growth and high dependency ratios. However, both the dependency ratio and fertility rates have begun to decline recently. Rural areas are also severely overcrowded with low-productivity subsistence agriculture as a pervasive form of production. Commercial agriculture has great possibilities to increase output, but as the sector improves its access to capital, inputs and technology it will shed jobs rather than create them.
The DFID-ESRC Growth Research Programme (DEGRP) produces a range of knowledge products which link the research of DEGRP to a number of research and policy debates on the following themes: agriculture; financial markets; and innovation and growth. The theme of structural transformation is the basis of much of the programme’s work; the concept involves productivity change through broad-based shifts in employment across sectors. This paper relates to the financial markets theme and draws together a number of essays that emerged from a public debate in Ghana on ‘What does it take to build a stable and efficient financial sector for sustaining growth and structural transformation in Africa?’
The lead speaker, Governor Wampah of the Central Bank of Ghana argued that by enabling greater diversification, risk sharing and investment in higher productivity activities, financial development can facilitate resource allocation and therefore, economic transformation. Efforts to develop the financial sector, according to him, should focus on enhancing depth, access, efficiency and stability. He argues that financial sector support to the real sector remains weak in many African countries, with corporate lending at the short end. There is also a lack of adequate competition, with an oligopolistic banking sector, leading to inefficient pricing of financial assets. He concluded that building a sound, stable and efficient financial sector is indispensable for sustained economic growth and structural transformation.
This report shows how current national policy responses have limited success in addressing inequality due to the growing global power of multinational actors and a corresponding shift in the governance of the food system away from government-driven national development strategies towards corporate profit- seeking interests, which oftentimes do not align with the goals of a […]
Over the past decade, large-scale land acquisition in Africa has become quite intense, especially in DRC, Ethiopia, Madagascar, Mozambique, Sudan, Tanzania and Zambia. While African countries are motivated by the need to transform the agricultural sector and diversify their economies, the urge to meet the needs of future food and biofuel security, among others,underpins foreign interest. This divergence of interest makes the realisation of the prospective benefits elusive in Africa. Maximsing the benefits of large-scale land acquisition requires bold actions against the following structural impediments: (i) weak land governance and a failure to recognise, protect and properly compensate local communities’ land rights; (ii) lack of country capacity to process and manage large-scale investments; (iii) foreign investors’ proposals that are inconsistent with local and national visions; (iv) resource conflict with negative distributional and gender effects; and (vii) inadequate capacity to assess the social, economic and environmental impact of the project on local communities. This paper suggests a 10-point agenda for maximising the benefits of the land grab in Africa.