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Africa’s agribusiness sector should drive the continent’s economic development: Five reasons why

Africa’s agribusiness sector should drive the continent’s economic development: Five reasons why

AFRICA'S agriculture sector accounts for about 35% of the continent’s gross domestic product and provides the livelihood of more than 50% of the continent’s population. These shares are more than double those of the world average and much higher than those of any other emerging region. Author LILAC NACHUM, Visiting Professor at Strathmore Business School; Professor of International Business, City University New York, City University of New York Dependence on agriculture has declined in other emerging regions. For example in Southeast Asia, agriculture’s share of GDP dropped from 30-35% in 1970 to 10-15% in 2019. In Africa, it has remained…
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Third of world’s people get no state aid during pandemic – Oxfam

Third of world’s people get no state aid during pandemic – Oxfam

MATTHEW LAVIETES MORE than a third of the world's population - some 2.7 billion people - has not received government aid during the coronavirus pandemic with gaping differences between rich and poor countries, Oxfam has revealed. An analysis of World Bank data conducted by the Nairobi-based charity found that while $9.8 trillion of aid was spent by 36 wealthy nations, 59 low-income countries spent only $42 billion to cope with the economic fallout of the pandemic. It also found that rich countries have spent at the rate of $695 per person, whereas low-income and emerging countries have spent at a…
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