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The modern historiography of slavery has swung between two poles on the question of its demographic and economic effects on Africa as a whole. Early historical accounts of the Atlantic slave trade were largely written for a popular audience by abolitionists and former slaves like Olaudah Equiano who emphasized its profoundly negative effects on ...
Africa Rising is a term coined in 2011 to explain rapid economic growth across Sub-Saharan Africa to date since 2000 and the inevitability of its subsequent continuation. The Financial Times defines Africa Rising as a "narrative that improved governance means the continent is almost predestined to enjoy a long period of mid-to-high single-digit ...
As a direct result of the late 2000s recession, some economies in Africa have been primarily affected by reduced global demand and lower prices of commodities such as oil, platinum, nickel, gold, and copper. South Africa was the first African country to fall in recession.
The African Renaissance is the concept that the African people shall overcome the current challenges confronting the continent and achieve cultural, scientific, and economic renewal. This concept was first articulated by Cheikh Anta Diop in a series of essays between 1946 and 1960, later collected in a book titled Towards the African Renaissance.
What causes dependency is the inhibition of development and economic/political reform that results from trying to use aid as a long-term solution to poverty-ridden countries. Aid dependency arose from long term provisions of aid to countries in need in which the receiving country became accustomed to and developed a dependency syndrome. [30]
Since Africa is home to large reserves of the minerals needed for the ongoing energy transition, i.e. the transition to renewable energy technologies, the predicted increase in global demand for these critical minerals could become a driver of sustainable economic development on the continent, not least for the mineral-rich countries of Africa ...
Kibera is the largest slum in Nairobi, Kenya.. Poverty in Africa is the lack of provision to satisfy the basic human needs of certain people in Africa.African nations typically fall toward the bottom of any list measuring small size economic activity, such as income per capita or GDP per capita, despite a wealth of natural resources.
The government should actively develop the country, not only by building infrastructure and developing social services; but also by developing industry and employment. Many parastatal companies are today left as 'white elephants' and demonstrate the great investments that were made in the cities at the beginning of the post-colonial period ...