The book, a joint work of the African Development Bank (AfDB) and the African Union (AU), presents a comprehensive analysis of the oil and gas resources in Africa. It uniquely highlights, through country examples, and with an African focus but a global perspective, the specific challenges and...

While a succession of Asian countries haveexhibited dramatic growth over the last thirtyto fifty years, Africa has largely stagnated.This Asian expansion has been driven bymanufacturing exports to the US inparticular, and enabled through an overallconstructive policy package that openedmarkets,...

This paper goes beyond the standardapproach of only highlighting Chineseinfrastructure investment and its impact onAfrican integration by discussing how Africancountries can work closely together oncommon policy issues. More specifically, thispaper argues for the establishment of a coregroup of...

Chinese aid, finance, trade and investment flows to Africa are growing fast. We consider the consequences of these trends using a quantified framework. Very often, adequate data are simply non-available, but we find that existing data provide useful insights on what is ongoing. We first discuss...

China’s phenomenal growth offers an opportunity to boost development in African countries. Moreover, China’s loans and concessional assistance financed a wide range of development projects. China also is reaping significant benefits from this relationship, through access to raw materials,...

China’s growth and its capacity to move in thirty years from under-development and extreme poverty to an emerging global power and one of the largest exporter of manufactured goods has attracted the attention of many developing countries. China has served as a development model for Africa and...

Prior to July 2008 and despite the subprimecrisis, Africa recorded excellent economicgrowth. The drivers of strong economicgrowth included macroeconomicreforms, a world economic situation thatwas characterized by high demand forcommodities, rising capital inflows andChina’s strong growth....

The landscape of oil and gas production in Africa is changing in ways that will increase the demand for upstream development finance and pull on funds from all sources, including development finance institutions (DFIs). A new cohort of countries is coming onstream for the first time, and new...

The IAS 39 brings visibility in the use of derivative instruments for investors andother financial statements users. However, its implementation requires firms toincur additional investment in technical capacity building including acquisition ofasset and liability management systems, systems of...

This paper applies the recentlydeveloped metafrontier functiontechnique to investigate productivitypotentials and efficiencies in cocoaproduction in West and Central Africa.The methodology enables the estimationof national technology gap ratios (TGRs)by using a decomposition resultinvolving both...