Two Tanzanian entrepreneurs: Hadiya and Mzuzi. Hadiya has built a successful micro-business taking advantage of mobile money services, including money transfers and savings products that are low cost and safe, as well as short term micro-loans. But Mzuzi, the owner of a small, 10-person enterprise, is facing a financial crisis despite huge personal drive and inventiveness because of his inability to access credit to expand.
After a decade of strong growth in the late 1970s and early 1980s, Cameroon was compared favorably with fast-growing East-Asian economies. This fame came to a sudden stop in the late 1980s when the country experienced one of the world’s deepest and most protracted recessions, triggered by large fall in the terms of trade and appreciation of the real exchange rate. Debts - previously at reasonable levels - mounted, banks failed and poverty increased. A 50% devaluation of the CFA Franc, a currency Cameroon shares with other former French colonies, in January 1994 pushed the foreign-currency denominated debt to increase to over 100 percent of GDP, triggering the Heavily Indebted Poor Countries (HIPC) debt relief process. Cameroon successfully exited HIPC in 2006. Since then, the authorities have set the goal to become a middle income country by 2035, anchoring their growth strategy on building infrastructure. After some initial success, with real growth steadily increasing from 1.9% in 2009 to 5.9% in 2014, the country is facing again some fiscal strains and risk of its debt distress has risen from low to moderate to high, in just 3 years.
Along the beach in Mondouku, Côte d'Ivoire, a group of fishermen have just returned with their catch. Many of them come from neighboring Ghana, and they tell us that they come to the Ivorian part of the coast because there are more fish here. Still, they explain that the fish are smaller in size and number compared to previous years. The beach they are sitting on is lined with small hotels and cabanas destroyed in a storm surges over the past few years. A bit further down the coast, near the Vridi Canal, we speak with Conde Abdoulaye, who runs the lobster restaurant that his father ran before him. Even at low tide, the water laps against the steps of the restaurant and a retaining wall which he has rebuilt numerous times. He says he knows it is inevitable that at some point the sea will swallow his restaurant, and he will have to leave. He blames the canal for most of the beach erosion, but also acknowledges that changing weather patterns and increasing storms have contributed to the damage.
What exactly do we mean by green growth? For us, it’s not just about riding bikes and planting trees. The Korea Green Growth Trust Fund (KGGTF) defines green growth as adopting an innovative approach toward reaching nations’ goals for sustainable development and addressing climate change. It is a framework for decision-making and a proven process for turning people’s hopes into reality.
Hearty congratulations to Esther Nyawira Gitaka, Peter Safari Kagereki, and Linda Karimi Gitobu for emerging as the winners of the 2017 #Blog4Dev contest!
In this year’s contest, the youth were asked to share their ideas - in a 500-word blog - on whether “To farm or not to farm: What opportunities exist for the Kenyan youth to prosper in agriculture and agribusiness? Over 1,000 young Kenyans between the ages of 18 and 28 years submitted their blogs.
My name is Peter Safari Kagereki and I am a rabbit farmer in Embu, Kenya. I studied to obtain a Bachelors of Commerce and Marketing. I am not keen to become employed, but rather wish to be a job creator.
Farming is just not enough! Never has there been a major shift in the view and subsequent engagement in farming by the younger generation in Kenya and Africa as a whole than in the last five to seven years.
It would be untruthful of me to say that I have ever considered myself the “farming type”, so to speak. Oddly enough, everything surrounding my upbringing and very name suggested otherwise.
In Ghana, coastal erosion and rising seas are burying some seaside villages, like Fuveme, which is now completely under sand. As in neighboring countries, hydrocarbon exploration is well underway not too far from the shore, and coastal urban areas are expanding. The fish stock has declined dramatically, and formerly thriving fishing communities are in trouble.
In this era of alternative facts, the use of high-quality data to set the record straight is more important than ever. In Africa, there has been a pressing need to revisit the conventional wisdom on the region’s agriculture. However, relevant data—where available—have long been outdated and inadequate.
With this in mind, the World Bank’s Africa Chief Economist Office and its partners initiated the Agriculture in Africa– Telling Facts from Myths project. It explores the validity of the conventions surrounding Africa’s agriculture and its farmers’ livelihoods that experts and policymakers considered as self-evident truths. The impact of such stylized facts cannot be underestimated. They shape the policy debates and drive research agendas
Now, a Special Issue of Food Policy brings together 12 open-access articles based on the project, drawing mainly on data from the first rounds (2009–2012) of the nationally representative Living Standards Measurement Study-Integrated Surveys on Agriculture (LSMS-ISA). Four innovative features of the LSMS-ISA data—integration, individualization, ICT use, and intertemporal tracking—allowed for a more refined insight into African agriculture and rural livelihoods.