We are an organisation that believes digital skills will form a significant part of Africa’s future by the running of programming courses in Africa.
The Economic Development in Africa Report 2016 examines some of the key policy issues that underlie Africa’s domestic and external debt, and provides policy guidance on the delicate balance required between financing development alternatives and overall debt sustainability.
Africa has major development aspirations in the broader context of a global and continental economic development agenda. This goes for substantial financial resources at a time when the global development finance landscape is changing, from a model centred on official development assistance and the coverage of remaining financing needs through external debt, to a framework with greater emphasis on the mobilization of domestic resources.
Following debt relief under the Heavily Indebted Poor Countries Initiative and Multilateral Debt Relief Initiative over the past two decades, external debt in several African countries has rapidly increased in recent years and is becoming a source of concern to policymakers, analysts and multilateral financial institutions. While Africa’s current external debt ratios currently appear manageable, their rapid growth in several countries is a concern and requires action if a recurrence of the African debt crisis of the late 1980s and the 1990s is to be avoided. In 2011– 2013, the annual average external debt stock of Africa amounted to $443 billion (22.0 per cent of gross national income (GNI)). Africa’s external debt stock grew rapidly, by on average 10.2 per cent per year in 2011–2013, compared with 7.8 per cent per year in 2006–2009. With regard to external debt stock as a percentage of exports of goods, services and primary income, in the same period, the ratios ranged from 7.2 per cent in Algeria, a non-heavily indebted poor country, to 596.8 per cent in Sao Tome and Principe, a heavily indebted poor country.
We believe that Development of local expertise in the nations concerned; can contribute to :
- End poverty in all its forms everywhere
- End hunger, achieve food security and improved nutrition and promote sustainable agriculture
- Ensure healthy lives and promote well-being for all at all ages
- Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
- Achieve gender equality and empower all women and girls
- Ensure availability and sustainable management of water and sanitation for all
- Ensure access to affordable, reliable, sustainable and modern energy for all
- Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
- Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
- Reduce inequality within and among countries
- Make cities and human settlements inclusive, safe, resilient and sustainable
- Ensure sustainable consumption and production patterns
- Take urgent action to combat climate change and its impacts
- Conserve and sustainably use the oceans, seas and marine resources for sustainable development
- Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
- Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
- Strengthen the means of implementation and revitalize the global partnership for sustainable development