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Sustainable growth and building resilience in Africa require structural transformation – Economic Report on Africa (ERA 2023)
Sustainable growth and building resilience in Africa require structural transformation – Economic Report on Africa (ERA 2023)
By: Michael Mike
The Economic Report on Africa 2023 (ERA 2023) has said: “Achieving sustainable growth and building resilience requires structural transformation.”
It also said: “Successful industrial policy requires both sectoral focus as well as getting the basics right. It is essential for countries to identify optimal combinations of policy actions to nurture an industrial programme.”
The report with title: “Building Africa’s Resilience to Global Economic Shocks”, and presented by the Director, Macroeconomics and Governance Division at the United Nations Economic Commission for Africa (UNECA), Adam Elhiraika, was launched in Abuja on Monday.
The report showed that the current global economic architecture affords opportunities for African countries to leapfrog and accelerate industrialization through careful experimentation of what has worked elsewhere and adapting it to local conditions.
Elhiraika explained that firm survival and growth in Africa were closely linked with exporting, working with international capital and international or global firms, adopting international managerial norms and standards as well as developing industrial clusters.
These elements, according to ERA 2023, come in different shades depending on the type of firms and their technology intensity. Broadly, however, three economic fundamental gaps require attention to get the basics right: skill gaps; infrastructure gaps and overall institutional quality gaps.
On Promoting regional value chains, the report states that countries can collaborate in creating, for example, regional agricultural commodity markets that will help to connect surplus economies with net importers for wheat, sugar and rice. This will reduce dependence on Russia and Ukraine.
The report also explained that: “Financial integration could also protect the continent from the vicious cycle of debt distress and liquidity crunches through regional bond markets that would enhance savings mobilization, risk pooling and funding for regional and national infrastructure.”
UN Resident and Humanitarian Coordinator, Matthias Schmale, represented by the Economist in the Resident Coordinator’s Office, Nonso Obikili, noted that the convergence of many crises, such as the shocks generated by the consequences of the COVID-19 epidemic, the ripple effects of the Russian invasion of Ukraine, and climate change had resulted in Africa experiencing a setback or lack of progress in achieving the targets set by the Sustainable Development Goals (SDGs).
He cited an example of the impact of shocks on poverty, in 2021, when almost 30 million Africans experienced severe poverty, and the loss of 22 million employment occurred.
“The top ten countries with the highest number of poor people account for 64.7% of the continent’s poor population. The first four countries—Nigeria (100 million), the DR Congo (67 million), Tanzania (36 million) and Ethiopia (33 million)—account for 42% of the poor population.” Schmale said.
The ERA 2023 therefore called for new approaches for African countries to address challenges of global economic shocks. The report calls for improving risk management and building resilience strategies through well-designed national development plans and good governance, as well as structural transformation through equitable green growth and smart industrial strategies.
Special Adviser to the President on Economic Matters, Dr Tope Fasua, highlighted economic recessions that Nigeria had experienced in the past: Commodity price crashes of early 1970s after the oil boom in 1973; recession of the 1980s due to fall in commodity prices; and another crash in the mid-2000s due to crude oil crash. “We live life of volatility in terms of our finances, and most of Africa is still tethered to these kinds of risks.” He said.
At the launch were representatives of the United States Embassy, European Union, USAID, Federal Ministry of Budget and Economic Planning; Federal Ministry of Finance; Central Bank; and UN Agencies.
Sustainable growth and building resilience in Africa require structural transformation – Economic Report on Africa (ERA 2023)
News
Independent journalist Safwan U. Ahmed alerts security agencies over alleged threat to his life in Mangu
Independent journalist Safwan U. Ahmed alerts security agencies over alleged threat to his life in Mangu
By: Zagazola Makama
Independent journalist Safwan U. Ahmed has alerted security authorities over what he described as a threatening and intimidating communication allegedly directed at him by Walshak John Samuel over his publications concerning the Mwaghavul community.
Ahmed made the disclosure in a public statement, saying he decided to release a video publicly because it directly addressed him by name and raised serious concerns about his personal safety.
According to the journalist, Samuel, in the video, spoke directly about his publications concerning the Mwaghavul community, saying he had been monitoring his posts and videos for some time. Ahmed said the speaker cautioned him over what he publishes, referred to the expression “take it or leave it” and ended the message by saying, “Please take this message seriously.”
Ahmed said although Samuel stated that he was not threatening him, he believed the language, context and circumstances surrounding the message warranted a proper security assessment, particularly because he had previously received communications which he considered threatening or intimidating.
The journalist further disclosed that on Aug. 19, 2026, he received another communication containing the words, “Look for him and take him off.” He said he had preserved the evidence and made it available to the appropriate authorities.
Ahmed stressed that he welcomes criticism, corrections and disagreements over his journalism, adding that anyone who considers his reports inaccurate should provide facts and evidence for scrutiny.
He, however, said disagreements over journalism should not degenerate into intimidation or create circumstances in which a journalist genuinely fears for his safety.
The journalist said he had formally reported the matter to the security authorities for investigation, security assessment and preventive intervention.
He also stated that he would not retaliate or take the law into his own hands, but would allow the relevant authorities to examine the evidence and establish the facts.
Ahmed said his journalism remains anchored on facts, evidence, security, accountability and peace, adding that he would continue to advocate peaceful coexistence, justice and accountability without targeting any ethnic or religious community.
He said the decision to make the matter public was not intended to provoke anyone but to document the incident transparently and enable the appropriate authorities to assess the security implications.
“Humanity First. Peace First. Let the evidence speak,” Ahmed said.
Independent journalist Safwan U. Ahmed alerts security agencies over alleged threat to his life in Mangu
News
JNIM claims killing of 150 Malian soldiers, capture of 93 others in Dioura attack
JNIM claims killing of 150 Malian soldiers, capture of 93 others in Dioura attack
By: Zagazola Makama
The Al-Qaeda-linked Jama’at Nusrat al-Islam wal-Muslimin (JNIM) has claimed responsibility for the Sept. 10 attack on a Malian military position in Dioura, Mopti Region, alleging that 150 soldiers were killed and 93 others captured.
The attack on the Forces Armées Maliennes (FAMa) position was confirmed by the Malian military, which said at the time that its forces had launched a response operation. The army later reported that several dozen terrorists had been neutralised during the counter-operation, alongside the destruction of several vehicles and motorcycles.

In its latest claim, JNIM said its fighters destroyed 15 military vehicles and more than 100 motorcycles during the assault. The group also claimed to have seized six military vehicles and 10 motorcycles, as well as RPG launchers, mortars, recoilless guns, rifles and large quantities of ammunition.
The figures released by JNIM have not been independently verified. Earlier reports also indicated that the group claimed to have taken control of the military camp before withdrawing, while Malian authorities acknowledged the attack and said a military response was underway.

The claimed casualties, if confirmed, would represent a major loss for the Malian military. However, available independent reporting has cited lower casualty estimates, underscoring the uncertainty surrounding the final toll from the battle.

JNIM’s claim comes amid an intensification of attacks against Malian security positions, particularly across the country’s central regions, where the group has continued to challenge government forces and disrupt military movements.
JNIM claims killing of 150 Malian soldiers, capture of 93 others in Dioura attack
News
Chad authorities display weapons seized in eastern provinces
Chad authorities display weapons seized in eastern provinces
By: Zagazola Makama
Chadian authorities have displayed a cache of weapons seized during security operations targeting the circulation and illegal possession of firearms across several provinces in eastern Chad.


The seized weapons were presented on Thursday, Sept. 17, 2026, following operations conducted in Wadi Fira, Ennedi East, Ouaddaï and Sila provinces.

The operations were carried out as part of ongoing efforts by the Chadian authorities to curb the proliferation of weapons and prevent their illegal possession and circulation in the eastern part of the country.

Authorities said the seizures reflected intensified security measures aimed at strengthening control over firearms and other weapons in the region, where the movement of arms remains a major security concern.

The weapons were displayed as part of efforts to demonstrate the outcome of the ongoing crackdown and reinforce measures to prevent seized arms from returning to circulation.
Chad authorities display weapons seized in eastern provinces
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