Exporting raw wealth only to import expensive, finished goods is not just an economic inefficiency, it is a cycle that keeps the continent in a state of perpetual dependency. Africa currently trades at only 18% intra-continentally, a stark contrast to Asia’s 65% and Europe’s 70%. As Secretary-General Wamkele Mene noted at the inaugural meeting of… Continue reading AfCFTA: The industrial mandate – why Africa’s economic future depends on local value addition
Tag: Cooperative Economics
Kwanzaa Festival Day 4: Ujamaa – Cooperative Economics to support the community
On Day 4 of our journey through the Nguzo Saba, the Seven Principles of Kwanzaa, we arrive at Ujamaa: Cooperative Economics. Kwanzaa is a celebration that has grown in practice in African-American communities in the USA, but stems from African philosophies, and was originally envisioned as a way to celebrate African culture and foster unity.… Continue reading Kwanzaa Festival Day 4: Ujamaa – Cooperative Economics to support the community