Governance implications of the Malawi election June 2020 rerun gga.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gga.org Daily Mail and Mail on Sunday newspapers.
Africa’s trade revolution needs peace
Tuesday April 06 2021
A traders selects food items for a customer in Naalya Market, Kampala, in February. African Continental Free Trade Area indicates that when their is peace in the continent, African economies will grow. PHOTO/RACHEL MABALA
Summary
Despite Africa’s conflict-related deaths rising from 2,200 in 2010 to an average of 14,000 per year since 2014, economic experts say a peaceful continent would enhance trade and sustained long-term investment.
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The African Continental Free Trade Area (AfCFTA), which came into effect in January, could be a game changer in helping to lift the continent out of poverty and onto the path of long-term prosperity. The AfCFTA has the potential to accelerate and alter the composition of foreign direct investment in Africa, thereby diversifying the continent’s sources of growth and boosting its internal and external trade. And merging Africa’s relatively small markets hence enablin
First published in Daily Maverick 168 Weekly newspaper
Okonjo-Iweala served two terms as Nigerian finance minister and spent 25 years at the World Bank, reaching the number two position as managing director of operations.
Over the past few months, she beat off strong competition to emerge as the candidate with the overwhelming majority of support of member states in a selection committee, to become the next director-general of the World Trade Organisation (WTO).
Another prominent African, Amina Mohamed, the Kenyan cabinet minister and former international diplomat, was also in the race for the WTO job until very near the end.
Meanwhile, Cameroonian Vera Songwe, executive secretary of the UN Economic Commission for Africa (Uneca) since August 2017, is a frontrunner to head the World Bank’s private sector arm, the International Finance Corporation (IFC). Before taking over Uneca, Songwe was the IFC’s regional director for West and Central Africa.
Malawi Named Country of the Year By the Economist of UK allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
December 18, 2020 Nyasa Times Reporter 21 Comments
Malawi is named “Country of the Year” by the British magazine
The Economist or “reviving democracy in an authoritarian region”, citing the nullification of the 2019 presidential election results that were marred by irregularities.
Mary Chilima – wife to vice-president Saulos Chilima – during the mass protests against the ‘Tipp-Ex election’
Every year, the London-based influential publication which circulates in over 80 countries globally nominates the states that succeeded in making the greatest progress in the affairs of democracy for the title of Country of the Year.
The Economist notes that Malawi handled very well democracy and the rule of law highlighted by the nullification of the presidential election and peaceful shift of power.