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9 oct. 2023 · The African Union plans to create a new sovereign credit rating agency that it says could provide more accurate risk assessments for governments across the continent. The proposal for the new agency, the African Credit Rating Agency (ACRA), was outlined in a recent report by the United Nations Economic Commission for Africa, which claimed that ...
6 mars 2023 · The African Union is best-placed to ensure national governments commit to youth representation. The lack of adequate political participation for African youth threatens the fabric of civil society. African youths make up about 60% of the continent’s population, and by 2030, they are expected to make up 42% of the world’s youth population.
6 sept. 2019 · The African Union gave assurances this would happen: “We have got a very aggressive programme of trade facilitation, so that we minimize the number of documents that have to be signed for goods and services across borders,” said Albert Mudenda Muchanga, Commissioner for Trade and Industry at the African Union Commission.
9 févr. 2021 · The African Development Bank Group’s African Economic Outlook (AEO) 2020 Supplement estimates that Africa could suffer GDP losses in 2020 between $145.5 billion (baseline) and $189.7 billion (worst case), from the pre-COVID–19 GDP estimates. Further, trade in medical supplies and food has been disrupted. It is being fully recognized across the continent that AfCFTA presents a short-term ...
6 mai 2016 · Free trade between the three member nations, Canada, the US and Mexico, has been in place since January 1994. Although tariffs weren’t fully abolished until 2008, by 2014 total trilateral merchandise trade exceeded US$1.12 trillion. According to the US government, trade with Canada and Mexico supports more than 140,000 small and medium-size ...
13 avr. 2022 · SDG 01: No Poverty. Extreme poverty in Africa has only edged down in recent decades. It affected 46 percent of the population in 1996-2005 and is projected to impact 35 percent in 2016-2025, the African Union Development Agency says. However, there is expected to be huge progress to just 1.7 percent in the next 40 years.
12 juil. 2023 · The same study also found that the median age for the continent is 18, 14 years younger than any other region. As a result of these favorable demographics, the African middle class is anticipated to reach 1.1 billion by 2060, up from 355 million in 2010. McKinsey’s research also found that as early as 2030, 250 million Africans are expected ...
15 nov. 2023 · Within the broader East African Community, Uganda, Rwanda and Kenya allow cross border travel without passports. Botswana and Namibia recently signed a similar agreement. Despite this progress, by the end of 2022 only 27% of African routes allowed Africans to travel visa-free. Actions such as those of Kenya and Rwanda take the African Union’s ...
7 mars 2024 · The African market for vaccines and medicines is valued at $50 billion annually, but the continent imports most of the healthcare products required. According to Africa CDC’s press release, under 1% of vaccines required are currently manufactured on the continent. African leaders have committed to raising this to 60% by 2040.
8 févr. 2024 · Italian Prime Minister Giorgia Meloni has set out her plan for a new era of partnership with African nations. At a January 2024 summit in Rome, attended by more than 20 African leaders and European Union representatives, Meloni detailed plans for a $5.95 billion investment focusing on energy cooperation as a key area of economic development.
