Economy in Sierra Leone
-
BOTSWANA, 2017/08/20
While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).
Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
-
BENIN, 2017/07/19
West Africa's BCEAO central bank held its benchmark interest rate unchanged at 2.5 %, the bank's director of monetary analysis Antonin Sourou Dossou said in a statement on Wednesday.
-
BOTSWANA, 2017/06/20
The second International Conference on the Emergence of Africa (ICEA) was held in Abidjan, Côte d’Ivoire, in March 2017.
Since the initial conference in 2015 — at a time of robust economic increase on the continent — hopes for economic evolution have dimmed because of a crash in the price of commodities, volatile world financial markets and a slowdown in world increase. Before departing New York to attend the second ICEA conference, jointly organised by the World Bank, the African Development Bank and the United Nations Development Programme (UNDP), Assistant Secretary-General of the UN and chief of UNDP’s Regional Bureau for Africa Abdoulaye Mar Dieye sat down for an interview with Africa Renewal’s Kingsley Ighobor to talk about Africa’s economic development opportunities and challenges.
-
BOTSWANA, 2017/06/15
President Nana Addo Dankwa Akufo-Addo has urged African leaders to assume responsibility for the transformation of their economies, and depart from the mindset of aid, dependency and charity.
“If we, Africans, are to transform our stagnant, jobless economies, built on the export of raw materials and unrefined goods, to price-added economies that provide jobs, to build strong middle-class societies and lift the mass of our people out of dire poverty, again we must take our destinies into our own hands and assume responsibility for this,” he stated on Monday at the same time as addressing the G-20 Partnership for Africa Summit, currently taking place in Berlin, Germany.
-
BOTSWANA, 2017/04/26
White-walled tyres on his bike appear to elevate a trendy young man from the lower classes but the question is whether he is contributing towards sustainable economic increase.
THE middle classes in the world south have gained growing attention since the turn of the century, mainly through their rapid ascendancy in the Asian emerging economies.
A side result of the economic increase during these “fat years” was a relative increase of monetary gain for a growing number of households. This as well benefited some lower gain groups in resource-rich African economies. A lot of part these crossed the defined poverty levels, which were raised in late 2015 from $1.25 (R16) a person a day to $1.90. As some economists had suggested, from as little as $2 they were considered as entering the “middle class”.
-
SIERRA LEONE, 2017/03/22
This year Sierra Leone celebrates the 15th anniversary of the end of the civil war as a unified country and beacon of democracy and social evolution in Africa. Next a major setback with the Ebola crisis in 2014 and 2015, which led to economic contraction of over 20 %, the country was officially declared Ebola-free in March, and has resumed on a path to building sustainable and inclusive economic growth
If the essence of this West African country were to be distilled into a single word, that word would be resilience. Next the devastating civil war, which tore through the country between 1991 and 2002, Sierra Leoneans quickly set about rebuilding their communities, repairing infrastructure, constructing new schools and clinics, and even restarting mining operations.
-
BOTSWANA, 2016/11/30
Africa is home to some of the world’s fastest-growing economies and one of the majority promising regions for international investment . This increase could be accelerated by addressing a fixable problem: lack of good data.
Reliable, accessible data plays a critical role in any economy.
Investors require data before making decisions, and the additional complete and up-to-date the data, the better their willingness to invest. Data as well helps public officials make sound decisions that promote increase and innovation, and enables citizens to hold government and business accountable.
-
ETHIOPIA, 2016/10/29
-
BOTSWANA, 2016/10/04
Is the honeymoon over for African economies? Less than a decade ago, it seemed that the continent’s economic dreams were beginning approaching authentic, with a lot of nations experiencing impressive GDP increase and development. Presently, as the harsh reality of the continent’s vulnerability to challenging external conditions has set in, sustaining that increase has proved difficult.
Encumbered by slowing increase in China, a collapse in commodity prices, and adverse spillover from numerous security crises, Africa’s in general annual GDP increase averaged just 3.3% in 2010-2015, barely keeping up with people increase, and down sharply from the 4.9% recorded from 2000 to 2008.
-
BOTSWANA, 2016/05/12
Africa’s economic increase is likely to be slower in the intervening years than in the before decade, according to the new rating by Ernst & Young using a barometer to gauge the level of appeal and success.“The baseline projection of the International Monetary Fund (IMF) for 2016 is presently reduced to 3%, while it was estimated at 6.1% in April 2015″, Ernst & Young points out in its rating.
