Archive for January, 2013

Posted: January 13, 2013 in Uncategorized

Reflections of a pan-Afrikanist

North Africa.

Comprising Algeria,Egypt,Libya,Morocco,Tunisia,Mauritania and Sudan,north Africa,as at 2012 had a total population of 220 million people.This is projected to reach 329million come 2050,inclusive of South Sudan.

Algeria.

Population: 36 million, Urban population: 73%,Health expenditure as percentage of GDP: 4.2%,Life expectancy: 73,Adult literacy: 73%, Mobile phone penetration: 99%, Main export: Petroleum oil,which accounts for 95% of exports and 45% of the national budget, Projected GDP growth for 2013: $214.45 billion (current GDP $206.55bn).

Egypt.Population: 82.5 million, Urban population: 44%, Health expenditure as percentage of GDP: 4.7%, Life expectancy: 73, Adult literacy: 72%, Mobile phone penetration: 101%, Main export: Petroleum oil, Current GDP: $255bn, Projected GDP growth for 2013: $275.9 billion.

Libya. Population: 6.4 million, Urban population: 78%, Health expenditure as percentage of GDP: 3.9%, Life expectancy: 74, Adult literacy: 89%, Mobile phone penetration: 156%, Main export: Petroleum oil, Current GDP: $85.1 billion, Projected GDP growth for 2013: $97.6billion.

Mauritania.
Population: 3.5…

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Infographic:Africa’s Largest Economies By GDP.(Of MNCs Bleeding A Continent)..(Link).

A United Nations Economic Commission for Africa report probing illicit financial flows from Africa says that the continent has lost an estimated $854bn from 1970-2008.This trend worsened between 2000-2011 with the average illicit flows amounting to $50bn per year.Another report by Global Financial Integrity puts the amount of money lost by the EAC countries combined at 1.33bn over the past decade.The UNECA(United Nations Economic Commission for Africa) report which was compiled by a high-level panel chaired by former South African president,Thabo Mbeki,points an accusing finger at Multinational Corporations.Your guess is as good as mine though,other players exist in this massive continental bleeding.As regards aid,for every $1 received in aid,$10 is lost in  illicit financial transfers.

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Pressed from Reflections of A Pan-Africanist: http://nnawiriblog.wordpress.com

The Myth of Africa’s Rise – By Rick Rowden | Foreign Policy.(Link).

Rick Rowden:Recent high growth rates and increased foreign investment in Africa have given rise to the popular idea that the continent may well be on track to become the next global economic powerhouse.This ”Africa Rising” narrative has been the most prominently presented in recent cover stories by Time Magazine and The Economist. Yet both publications are wrong in their analysis of Africa’s developmental prospects………..Click on the link provided above to find out just why Rick Rowden reckons that the rumours of Africa’s explosive growth have been greatly exaggerated.What do you think?Is Africa really rising?

Rick Rowden is a development consultant who has worked as an Inter-Regional Advisor for the United Nations Conference on Trade and Development (UNCTAD) in Geneva and as a senior policy  analyst for the NGO ActionAid.He is currently a doctoral candidate in economics at Jawaharlal Nehru University in New Delhi,India.