Sub-Saharan Africa needs a new growth model to return to a path of income gains, the International Monetary Fund said, warning that public spending can no longer carry the region’s expansion. The IMF said reforms in governance, business rules and market openness could raise regional output by about 20% over 5 to 10 years, if…
Africa’s 43.1 million displaced people generate an estimated $27 billion (Shs99.9 trillion) in annual income, according to a new report released by the Amahoro Coalition, challenging perceptions that refugees and internally displaced persons are solely dependent on humanitarian assistance. The report, titled The Opportunity in Displacement: Africa’s Untapped Investment Frontier, argues that displaced populations represent…
