An Alternative Model to Africa’s Economic Development

Traditional economic development theory advocates the development of infrastructur as the necessary conducive environment to attract foreign investment. In return for their investment in a developing country, foreign multinationals create employment. They contribute to the gross domestic product and pay taxes. They may even get involved in social responsibility projects as good corporate citizens.
Togos marble deposits allegedlyy the largest in the world
Ideas for Africa’s Economic Development
Africa is a continent richly endowed with mineral resources, and yet remains underdeveloped. Many around the world, when asked about what they know about Africa, the first thing that comes to their minds is poverty.
Improved Roads in Kenya: The Ahero Road Interchange Project
Improved Roads in Kenya: The Ahero Road Interchange Project
Kenya has always had a problem when it comes to infrastructure. Poor roads among developing countries pose an obstacle to inclusive growth according to the International Monetary Fund (IMF) Kenya at the moment is making great progress in terms of infrastructural development.
A general view of a beach in Tarrafal, Cape Verde, on April 14, 2021
Cape Verde's tourism industry battered by coronavirus pandemic

With its pristine beaches and luxury resorts, Cape Verde is a tourist's paradise

A KLM Dutch Airlines aircraft in flight. KLM is one of the airlines that have increased frequency of their flights to the Kilimanjaro International Airport even as tourism is steadily recovering from the viral Covid-19 pandemic.
Airlines back to Kia as tourism picks up
Some foreign airlines to the Kilimanjaro International Airport (Kia) have resumed flights after recent suspensions following reduced traffic because of the global Covid-19 pandemic.
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Ivory Coast's energy leap
This week Business Africa devotes itself entirely to the energy and banking sectors in Côte d'Ivoire. In this West African country, several banks including Standard Chartered and the National Investment Bank have decided to go digital.
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Egypt: Counting the cost of Suez Canal blockade on industries [Business Africa]
A stranded ship finally freed after nearly a week of blockade. Christened as ‘’Ever Given,’’ the blockage on the Suez Canal in Egypt kept companies on their toes. With daily costs piling up, some had to reroute ships. Meaning several more days of travel time, fuel and other costs for the over 360 vessels aboard the ship. An estimated 9.6 billion dollars’ worth of goods are held up. Egypt alone lost between 12 to 15 million dollars a day. About 12 percent of global trade transit through the Suez Canal.