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"Private equity investments are on the rise in Africa and, adjusting for economy size, are as important to the continent as for the average emerging market economy. These investments are demonstrating profitability: Private equity deal multiples in …
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Parliamentarians, civil society organisations and African thinkers who gathered in Midrand, South Africa, hosted by the Pan African Parliament, articulated what is emerging as a growing consensus in various fora taking place on the continent: ‘the b…
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"The story of the post-independence economy of Nigeria, as most ex-colonial countries in Sub Saharan Africa (SSA), is a mixed tale of good intentions, reforms, reversals and increased sense of the likely prolonged and lingering crisis of poverty and…
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"The paper is composed of twelve sections. Section 2 gives a quick historical background to the economy of the country, while Section 3 looks at the growth record of the country in terms of the chosen periods as well as in terms of the half-decades …
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"This research project is about gaining a better understanding of growth experiences in Tanzania - past and present - and their implications for the dynamics of poverty. Its focus is on coming to grips with processes of structural transformation and…
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Remarkable progress was achieved in Mozambique, over the last 20 years in promoting macroeconomic growth and stability. Nonetheless, poverty rates remain high and labour market activity is dominated by smallholder farming. We use recent household s…
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Rapid economic growth was experienced in Ethiopia since 2005. Real gross domestic product (GDP) grew at an average rate of 10.5 per cent per annum for the period between 2004–05 and 2013–14. Important contributions to GDP growth were made with publi…
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For the 21st century to become “Africa’s century”, it would require strong political leadership from the top—leadership that is committed and capable of mobilizing the population around a common “national project.” In the coming decades, African lea…
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More than ever now, Morocco is threatened by the trap of middle-income economies. Caught between increased competition from low-income countries in low productivity and labor-intensive sectors on the other hand, the difficulty of accelerating its p…
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Since the late 1990s it has become a priority of Senegal to reduce inequality and poverty. The catalysts are the structural adjustment policies, which have had disastrous consequences on the living conditions of populations. The policies undertaken…
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This report, produced as a background paper to the World Bank Systematic Country Diagnostic (SCD), provides a detailed overview of the Seychelles labor market. It emphasizes the relationship between changes to the overall structure of the economy a…
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Developing countries that manage to upgrade and diversify their export profile grow more rapidly and achieve greater welfare gains than countries that simply export larger volumes of what they have traditionally produced. This discussion paper ex…
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This paper analyses impacts of fiscal policy on structural transformation in Botswana using structural vector autoregression (SVAR) model over the period of 1990 to 2015. The study uses an inclusive sustainable transformation (IST) index and governm…
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The long-run growth and development literature has found that for a pattern of structural transformation and inclusive growth to assert itself in an economy, two key inter-linked ingredients are required. Firstly, the move from a low productivity ag…
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This document is based on the approach adopted in the book "The economic emergence of nations: definition and measurement ” by Moubarack Lo (2017) and which is summarized below. The first part outlines a definition of the concept of upsurge and eme…
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The East African Community (EAC) States are exporters of mainly primary products, concentrated in the agricultural sector. In 2005, the EAC adopted EAC Custom Union and one of the objectives was to increase the variety and quality of EAC manufacture…
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This paper explores the relationship between slow structural transformation and the growth of the informal sector in francophone Africa, where formal firms and labor-intensive manufacturing have not grown as they did in Asia. We offer a set of expla…
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We explore the effects of exporting manufactures, primary commodities, and food and agricultural products, and we examine the impact of importing capital and semi-capital goods, on structural transformation in a group of 21 sub-Saharan African count…
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This paper reviews the structural transformation process in Nigeria with particular focus on the role played by the agricultural and industrial sectors. It seeks to explore the issue of whether Nigeria's economic transformation process is capable of…
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The structural transformation of an economy remains a necessary crossing point for any nation wishing to climb the ladder of development. This transformation often depends on an economy's ability to set itself up as an agrarian subsistence society …
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