Generally defined as the increase in the inflation-adjusted market value of the goods and services produced by an economy over time and calculated as the percentage rate of increase in real gross domestic product (GDP), economic growth is probably the most widely used indicator of the economic progress and wellbeing of nations. → Read More: …
At current growth rates, Nigeria is poised to become a major economic force in the coming decades. The government’s rebasing exercise has shown that the country has clearly emerged as the largest economy in Africa. Nigeria has a huge endowment of resources, a growing consuming class, and rapidly growing trade and consumer sectors to propel …
Nigeria’s renewal: Delivering inclusive growth in Africa’s largest economy Read More »
Agriculture holds the key to broad-based economic growth, poverty reduction and food security in Sub-Saharan Africa (SSA). This is due to the importance of the sector for SSA economies, the extent of rural poverty and the dependence of 50 million small farms on agricultural incomes. It is well documented that growth generated by agriculture in …
Global economic and political initiatives, allied with national governments and other national and multi-lateral players, are driving a process of massive land alienations in the developing world. The land alienations are located in a narrative of promoting Foreign Direct Investment which will stimulate the modernization of the agricultural sector through large scale commercial farming, and thus …
Accumulation by dispossession, climate change and natural resources governance in Africa Read More »
It has become common knowledge that the agricultural sector is the backbone of the East African countries’ economies and the means of livelihood for most of the rural population. It is the mainstay of the East African Community (EAC) countries directly contributing an average of 26% of the GDP annually to their respective economies, and …
Trade is a key ingredient in changing farmers’ lives Read More »
Agriculture in Sub-Saharan Africa still provides a relatively large share of the gross domestic product (GDP), but productivity in the sector lags considerably behind that of other continents, as well as the region’s potential. On average, about 65% of Africa’s labor force is employed in agriculture, yet the sector accounts for about 32% of GDP, …
On the basis of 2005 purchasing power parities (PPPs), China is projected to surpass the Euro Area in a year or so and the United States in a few more years, to become the largest economy in the world, and India is projected to surpass Japan in the next year or two and the Euro …
