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.
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.
Senegal’s nutrition policy is at a crossroads. Reaching a critical moment where the effects of malnutrition could have a detrimental effect on generations of young Senegalese to come, the Government of Senegal is striving to make efforts to address the root problems of malnutrition. However, if these actions are taken without a conscious effort bolster the key role of women in nutrition, the country may not succeed in stymieing stunting and malnutrition in the country.
This is the third blog in a serieson forest livelihoods in Africa.
Every year on the International Day of Forests, we celebrate the vital role of forests―their contribution to the air we breathe, to healthy water cycles, to soil conservation, carbon sequestration, and the provision of habitats. We are also reminded about the urgent need to halt deforestation, which is accounting for about 18% of global greenhouse gas emissions.