Otaviano Canuto, IMF: What Happened to World Trade?

World trade suffered another disappointing year in 2015, experiencing a contraction in merchandise trade volumes during the first half and only a low recovery during the second half (Figure 1). While last year’s trade performance can be associated to the

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Ann Low, US Department of State: Good Corporate Governance is Good Business

OECD Guidelines on Corporate Governance of State-Owned Enterprises. Over the past decade, cross-border trade and investment by state-owned enterprises (SOEs) has surged. According to the OECD, whereas in 2005, there were only three SOEs in the Fortune Global 50 list

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Building Stronger Governance and Compliance Foundations in Sub-Saharan Africa

Analysts, politicians, economists and media pundits have kicked off 2016 with a largely pessimistic outlook for the global economy. Clearly none of us can predict where the economy will be in twelve months but we do know that we are

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Patrick Awuah: Educating the Future Leaders of Africa

The prestigious and pioneering Ashesi University in Ghana is on a mission to educate a new generation of business leaders. Built on a hilltop in the countryside near Accra, the private-run institution has set out to develop critical thought and

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Mowgli Foundation Report: Mentoring Achieved Return on Mentoring Investment (ROMI) Returns of 890%

The Mowgli Foundation publishes a report that highlights the Return on Mentoring Investment (ROMI) and economic generation impact achieved through the mentoring of over 780 entrepreneurs in the Middle East and North Africa during their 12-month mentoring programs. Governments, funders,

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Winnie Byanyima: From the Bush to the Global Stage

Oxfam International’s dynamic director Winnie Byanyima possesses a most extraordinary CV. Her career includes working as Uganda’s first female aeronautical engineer, living in the bush as a guerrilla fighter, roles as a diplomat and a politician, and campaigning for human

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PwC: Oil & Gas in Africa – Planning a Response to the Price Drop

Overall, activity in the oil and gas industry across the African continent has slowed in the wake of the declining prices in late 2014. Oil production in Africa has fallen from 10.1% to 9.6% of the world’s total in 2014.

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Calestous Juma: A Biotech Revolution for Africa

In western countries, the genetic modification of crops is often seen as a threat to the environment. Professor Calestous Juma takes a contrarian view: he is a keen advocate of biotechnology and its potential to transform African economies. The dynamic

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Otaviano Canuto, IMF: Whither Emerging Markets Foreign Exchange Reserves

After a exponential rise in foreign exchange reserves accumulation by emerging markets from 2000 onwards, the tide seems to have turned south since mid-2014. Changes in capital flows and commodity prices have been major factors behind the inflection, with the

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From the editor: The Art of the Doomsayer – Crisis? What Crisis?

Just as a broken watch still tells the right time twice a day, the persistent doomsayer will eventually be vindicated. In the financial world, entire reputations are built on predicting recessions, if not depressions: keep it up long enough and

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