Africa will remain poor unless it uses more energy

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Published by the Economist

Greenhouse-gas emissions south of the Sahara are tiny

A window seat in a helicopter flying south-west from Windhoek, Namibia’s capital, offers an otherworldly diorama. The landscape shifts from earthly desert to Mars-red dunes, then to moonscape as the chopper nears Luderitz. In the early 1900s this tiny port was the hub for a diamond boom that brought the art-nouveau mansions that perch on the town’s slopes. More than a century on, Namibia hopes that the area will again bring riches, this time from sun, wind and land, by hosting one of Africa’s largest renewable-energy projects.

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FDI drops and MIGA innovates

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As investment into developing nations drops, MIGA innovates. miga_hero.jpg

The United Nations Conference on Trade and Development recently reported that global foreign direct investment (FDI) flows dropped by almost a third in the second quarter of 2022, with flows to several emerging regions down significantly and flows to Africa near zero. The outlook for FDI next year is gloomy at best.

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A child or youth died once every 4.4 seconds in 2021 – UN report

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Another 1.9 million babies were tragically stillborn during the same period, according to a separate UN report.

NEW YORK/GENEVA/WASHINGTON D.C., 10 January 2023 – An estimated 5 million children died before their fifth birthday and another 2.1 million children and youth aged between 5–24 years lost their lives in 2021, according to the latest estimates released by the United Nations Inter-agency Group for Child Mortality Estimation (UN IGME).

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