Africa Matters

IMF Urges Policy Reforms to Unlock Potential of Africa’s Informal Economy

By Edson Baraukwa | Africa Guardian The informal sector has become a vital part of the African economy, contributing significantly to employment across the continent. The International Monetary Fund (IMF) has emphasized the importance of reforming this sector to address Africa’s growing unemployment challenges. While informal jobs—such as street vendors, small-scale farmers, craftsmen, and independent tradesmen—offer flexible employment options…

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How to finance Africa’s future economic development

The current global financial architecture faces significant challenges in addressing the financial needs for climate action, sustainable development, and debt management. The calls for reform are growing louder, seeking to create a more equitable, inclusive, and sustainable financial system. Increasing the representation of developing countries, particularly African nations, in global economic decision-making processes is crucial for the continent’s development…

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See reason why Tanzania is set to overtake Kenya as East Africa’s second largest economy

As presently constructed, Kenya stands as East Africa’s second largest economy in terms of overall GDP, second only to Ethiopia. However, Kenya’s spot as the subcontinent’s second largest economy could change within the next decade owing to the rate at which East Africa’s 3rd largest economy, Tanzania is growing. This prediction is based on a report issued by the…

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