Finance

Government Spending: More Harm Than Good?

Africa’s large infrastructure gap and heavy political economy element promotes significant government intervention in erstwhile free markets. It has become increasingly important to assess the efficacy of such government interventions. Following the “Bridging Africa’s Finance Gap” panel at the recently concluded LSE Africa Summit 2017, Stears assesses the welfare costs of government spending, drawing out implications for the cost of […]

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    Book Review: Perspectives on Uganda – Reflections of an ODI Fellow by Prajakta Kharkar Nigam

Book Review: Perspectives on Uganda – Reflections of an ODI Fellow by Prajakta Kharkar Nigam

Linet Juma says that Perspectives on Uganda – Reflections of an ODI Fellow stands out for giving practical examples of how to tailor policy around different contexts and not contexts around policy

 

Perspectives on Uganda – Reflections of an ODI Fellow sets out to provide an alternative narrative about the social and business landscape in Uganda and suggests homegrown solutions […]

A New Vision for Addressing Youth Unemployment in Africa

Marta Santoboni and Alexandra Karlsson highlight the need for a long-term strategy for combating African youth unemployment that incorporates investing in economic upgrading, linkages within domestic economies, strengthening regionalisation and negotiating for more favourable global trade agreements.

Africa’s youth population is expected to double to 830 million by 2050 . Whereas corporate and grey literature cherishes this growth as a […]

The Potential of Diaspora Bonds in Africa

Michael Famoroti takes a look at how the diaspora can work in tandem with African governments.

 

“No money is better spent than what is laid out for domestic satisfaction.” – Samuel Johnson

This equivocal statement may ring true for over 30 million Africans in the diaspora. According to the World Bank, this group remitted over $40 billion to Africa in […]

April 12th, 2017|Featured, Finance|2 Comments|
  • Permalink Some of the loans were for tuna fishing
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    Mozambique fell prey to the promise of fabulous wealth – now it can’t pay nurses

Mozambique fell prey to the promise of fabulous wealth – now it can’t pay nurses

Nurses and teachers are among those bearing the brunt of a debt crisis rooted in the mistaken belief that major gas reserves would bring untold riches, reports LSE’s Joseph Hanlon.

Mozambique’s £1.6bn borrowing spree has caused a fiscal crisis that means interest on loans, civil service new year bonuses and other government bills was not paid this month.

Four years ago, […]

January 31st, 2017|Featured, Finance|1 Comment|
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    Reducing Incentives for Fiscal Indiscipline at Nigeria’s Subnational Government Level

Reducing Incentives for Fiscal Indiscipline at Nigeria’s Subnational Government Level

LSE’s Eustace Uzor offers potential solutions for improving fiscal governance in Nigeria’s subnational units.

The need to achieve fiscal convergence and consolidation in Nigeria cannot be overemphasised. This is especially important considering that the economy recently slipped into recession, according to data from the National Bureau of Statistics. One notable factor for this is the high level of fiscal indiscipline […]

January 16th, 2017|Featured, Finance|1 Comment|
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    Economic solutions are crucial to help solve Somalia’s political woes

Economic solutions are crucial to help solve Somalia’s political woes

Maximilien von Berg argues that a formalised and inclusive financial sector is necessary for Somalia’s political and economic prospects to improve.

 

With the 2016 presidential contest looming, political stakes are high in Somalia. Yet, it is no secret that this race falls way short of a democratic election. This is precisely why the economy should have every development partner’s complete […]

  • Permalink Syrian refugees in the Zaatari refugee camp in Jordan, located 10 km east of Mafraq, Jordan on 27 March 2016.
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    The economics of humanitarian aid: Are we on a slippery slope?

The economics of humanitarian aid: Are we on a slippery slope?

Could the current modalities of humanitarian aid to refugees be improved? Dr. Stephanie Levy argues for more creative aid agreements to form the backbone of the global response to the current refugee crisis.

At the World Humanitarian Summit (WH Summit), David Miliband, head of the International Rescue Committee, announced that 25% all of all IRC interventions will be ‘cash based distributions’ […]

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    Domestic savings may be the answer to Africa’s fiscal woes

Domestic savings may be the answer to Africa’s fiscal woes

The West has proven that monetary policy is no longer a silver bullet, argues Julians Amboko.

In the run up to the 2008/09 Great Recession, belief in monetary policy as a countervailing force against potential hard-landings evolved to a near article of faith. During the reconstruction from the ensuing wreckage, central banks across the globe engaged in liquidity expansion exercises […]

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    Currency depreciation and diverging inflation rates block the road to monetary union in Africa

Currency depreciation and diverging inflation rates block the road to monetary union in Africa

Getting regional integration right is more important than getting it quickly, writes Julians Amboko.

The chase for regional monetary unions seems to be part of Africa’s 21st century holy grail:

In November 2013, Heads of State of the East African Community (EAC) signed the region’s monetary union protocol in accordance with Article 5 of the EAC Treaty of Establishment.
The Southern African […]

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