Browsing: African Union Commission (AUC)

The African Economic Outlook 2020 report prepared by the African Development Bank was praised at the 33rd African Union Summit in Addis Ababa for being an effective blueprint for addressing Africa’s human capacity gap.

The 2020 report, under the theme Developing Africa’s workforce of the future, was presented at a side event attended by civil society, policymakers, global and regional development organizations, the media and academia.

“The facts mentioned in the second part of this report are striking. It reminds us of the size of the investment that must be made in the development of human capital in Africa, an essential component for achieving productive transformation,” said Victor Harison, the African Union Commissioner for Economic Affairs.

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The African Economic Outlook has become the blueprint for planning and for sound economic research about Africa said the Secretary-General of the African Development …

Gambia’s economy is losing $83 million a year due to the effects of child undernutrition, according to a new study released in Banjul yesterday.

The loss is about 5.1 per cent of the country’s annual Gross Domestic Product (GDP).

According to a study by the multi-agency Cost of Hunger in Africa (COHA) increased healthcare costs, additional burdens to the education system and reduced workforce productivity are the ways through which losses incurred each year.

“It is alarming that we are losing 5.1 per cent of our National GDP annually because of the consequences of child undernutrition on school performance, health and productivity,” said H.E. Dr Isatou Touray, the Vice President of Gambia.

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“The Government of Gambia is committed to working with all partners through the NDP to build a prosperous nation with a healthy and well-developed human resource,” she said during the launch …