As the biggest economy in Africa, with a GDP of 419.92 billion US Dollar in 2010 according to the Global Finance, and labeled by the World Bank as one of the four upper middle income countries in Africa, South Africa is a preferred destination for refugees from poor nations in its backyard such as Mozambique, Zimbabwe, Malawi and other distant African countries like Nigeria and Ethiopia.

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Much of the hype surrounding the G20 finance ministers and central bank governors’ meeting held on February 15-16 in Moscow, the Russian Federation, was dedicated to so- called “currency wars,” which some developing-country officials have accused advanced countries of waging by pursuing unconventional monetary policies. But another crucial issue – that of long-term investment financing – was largely neglected, even though the endgame for unconventional monetary policy will require the revitalization or creation of new long-term assets and liabilities in the global economy.

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In the first issue of this magazine, I have attempted to present the political economy of policy making in Africa and the implication of that for private sector development in the continent. This was based on a recent study by the United Nations Economic Commission for Africa (UN ECA) study. In this issue, I will finalize the commentary by highlighting the empirical evidence about the implications of policies designed in such a manner on private investment in the continent using the same study. The ECA study is an attempt to examine the impact of macroeconomic policies and investment climate for private investment in Africa. Based on this analysis, the study attempts to draw lessons so as to come up with policy implications that could help to strengthen the role of private investment in Africa As I have noted above, the ECA study commenced by showing that macro policy in Africa is generally informed by the political economy of policy making which I have briefly summarized in the last issue.

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Ethiopia to Host the 4th International Coffee Conference

Ethiopia to Host the 4th International Coffee Conference

Ethiopia is set to host the 4th International Coffee Conference from March 6 – 8, 2016 in Addis Ababa at the United Nations Conference Center. Previous conferences were held  in England in 2001, Brazil in 2005 and Guatemala in 2010. Read more

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