Africa cannot afford to be all talk and no action on integration

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South Africa Headlines News

Power supply and cannabis are two examples where policymakers fail to face practical realities

, the US financial services group that operates the Nasdaq stock market, Africa is home to the world’s six fastest-growing economies of 2020 . However, the World Bank expects the continent’s economyThe drop in investment is a particular concern as it could push up to 40-million people into extreme poverty and nullify gains made over the last five years. Admittedly, trade and inward investment were limited due to Covid-19-related restriction and containment issues.by the Covid-19 scourge .

Building an inclusive economy requires of policymakers and citizens to face reality. For instance, power supply needs to be tackled as a matter of urgency through policies and strategies that lead to real and scalable solutions.

But reality tells another story. Most of the cannabis grown on the continent is consumed recreationally, with close to 90% traded on the illicit market, the main beneficiaries being the middlemen . Cultivators and processors of the product derive the least value from the industry.

 

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