Social Capital: Africa’s Untapped Engine for Sustainable Development
Africa, a continent rich in cultural diversity and deeply rooted in communal values, holds a powerful yet underutilized asset that could transform the trajectory of its development: social capital. While traditional financing mechanisms – such as foreign aid, foreign direct investment, tax revenues, and capital markets – have long dominated the development finance landscape, an […]
How to reconcile Africa’s long-term economic development with its short-term development objectives?
On December 18 2023, the Financial Times published an article that had an international resonance, which argued that Africa cannot grow without increasing productivity of labor. The article noted that in contrast to the average East Asian worker, an African worker is about three times less productive, which poses a challenge for the industrial development of the continent. Increased […]