Dimbabwe's Development

A New City Aims to Boost Zimbabwe’s Development

At the 77th ses­sion of the Unit­ed Nations Gen­er­al Assem­bly, African lead­ers called for the West to ease sanc­tions on Zim­bab­we. Recent­ly the Unit­ed States of Amer­i­ca sanc­tioned 56 com­pa­nies and 85 indi­vid­u­als, includ­ing cur­rent Pres­i­dent Emer­son Mnan­gag­wa. Locals in the coun­try say the sanc­tions play a role in Zim­bab­we’s eco­nom­ic devel­op­ment as indus­tries have…

Dawn of a second Cold War and the ‘scramble for Africa’

Abstract Ample empir­i­cal evi­dence shows that the African Con­ti­nen­tal Free Trade Area (AfCF­TA) will boost the com­pet­i­tive­ness of African economies and accel­er­ate the diver­si­fi­ca­tion of sources of growth and trade to deep­en eco­nom­ic inte­gra­tion in Africa and enhance the region’s assim­i­la­tion into the world econ­o­my. How­ev­er, real­iz­ing these poten­tials hinges on revers­ing the cur­rent trend…

New tools for easing cross-border trade in Africa

Mike Ogbalu, CEO of the Pan-African Pay­ment Set­tle­ment Sys­tem (PAPSS) at the African Export-Import Bank, dis­cuss­es PAPSS, a cross bor­der, finan­cial mar­ket infra­struc­ture enabling pay­ment trans­ac­tions across Africa. Relat­ed Con­tent Fore­sight Africa pod­cast is part of the Brook­ings Pod­cast Net­work. Sub­scribe and lis­ten on Apple, Spo­ti­fy, and wher­ev­er you lis­ten to pod­casts. Send feed­back email to podcasts@brookings.edu, and…

EMEA: Central African Republic Embraces Crypto | PYMNTS.com

In today’s top Europe, Mid­dle East and Africa (EMEA) news, Cen­tral African Repub­lic Finance Min­is­ter Herve Ndo­ba said the use of cryp­tocur­ren­cies in the nation’s econ­o­my is com­ing, while London’s Tru­eLay­er has intro­duced vari­able recur­ring pay­ments (VRP). Plus, Face­book own­er Meta and Google pledged to per­mit only reg­is­tered finan­cial firms to adver­tise pro­mo­tions on their…

Denver Plans Direct Flights to a “Growing African Continent”

DENVER  — (AFRICA NEWS MATTERS)  Recent­ly we learned Den­ver Inter­na­tion­al Air­port (DIA) and the city of Den­ver, fond­ly called the mile-high city, in the US state of Col­orado, have begun explor­ing pos­si­bil­i­ties for direct flights to con­ti­nen­tal Africa. DIA has set up a team that is work­ing on this ini­tia­tive called Den­ver Air Ser­vice Committee. …

12 American Stories that Frame U.S.-Africa Relations under the Trump Administration

Amer­i­cans are cast­ing their votes in the Novem­ber 3 elec­tion for those who would rep­re­sent them at nation­al and local lev­els. The stakes are espe­cial­ly high for the offices of the Pres­i­dent, Sen­a­tors, and the House of Rep­re­sen­ta­tives. While this is tak­ing place, I’ve been reflect­ing on the impor­tance of the rela­tions between the United…

6 African Development Stories You May Have Missed

No doubt, coro­n­avirus has become one of the dead­liest dis­eases in mod­ern his­to­ry, with about 500,000 casu­al­ties world­wide. The pan­dem­ic has left in its wake severe eco­nom­ic con­se­quences, espe­cial­ly for the world’s devel­op­ing nations. Despite the many socio-eco­nom­ic chal­lenges faced and exac­er­bat­ed by the pan­dem­ic, many African nations have shown great resilience. The news continues…