Earlier this year, Tropical Cyclone Idai tore through southern Africa, killing hundreds, injuring thousands and displacing even more. In Mozambique, as much as half of all annual crops and critical infrastructure were destroyed. In total, over three million people in the region were affected. It …
Tag Archive for african development bank
Luxury Spirits in Africa Take a Leap
Traditionally, the ability to purchase luxury goods has been linked to wealth and in Africa this rings true. It was recently revealed that Africa has 18 people on the Forbes billionaire list for 2018, out of a record 2,208 billionaires worldwide. Additionally, there were approximately 145,000 peo…
AfDB’s South Korea Meeting Boosts Africa’s Industrialisation
The difference between the European and Asian models and Africa’s own journey is that time is not a luxury on the continent as population growth rapidly outstrips any gains in development. Africa will be home to 2 in 5 children by 2050 and as it stands the continent is ill-prepared to accommodate…