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A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal and setbacks when prices are low. Chad, for example, experienced an average of 9% growth in GDP between 2001 and 2014, but since 2015, the GDP of the country has contracted and poverty increased. GDP per capita is decreasing and developmental gains have been reversed because of the inability to sustain economic growth.

Realistic reductions in gender inequality could produce a $259 billion larger economy in 2043 than current path forecasts.

Join USIP for the Africa Futures Summit to examine approaches to catalyze Africa’s potential to benefit and shape the global system. Discussions will draw on the African Futures research, forecasting and policy analysis led by the Institute for Security Studies, along with perspectives from Africa, the African Diaspora and American experts. 

Sanctions aren’t enough – the AU and states must tackle root causes, including electoral fraud and service delivery failure.

Institute for Security Studies’ (ISS) Senior Researcher for African Futures and Innovation, Kouassi Yeboua, says the 2023 elections are providing