Africa's Economic Growth: Ethiopia, Rwanda, Ghana, Cote D'Ivoire Lead the Way - Essay Sample

Introduction

In the status of Africa, average growth rates in the mainland are not reflecting. The rate of growth in sub-Saharan is most likely to increase, and this leads to huge differences between countries. According to the research that I have done in Africa, I have noticed in the whole world, the countries that are growing very fast in the economy are found in Africa. These include Ethiopia, Rwanda, Ghana, Cote D'Ivoire. The slower-than-expected general growth in 2018 reveals the ongoing global vagueness, increasingly from local macroeconomic instability counting on poorly managed debt, deficits, and inflation, fragility, and political along with regulatory uncertainty. It also contradicts stronger performance in much smaller frugality that goes on to grow steadily. The recovery in Angola, Nigeria, as well as South Africa, which are the three largest economies of the region, had remained flimsy and is bringing the regional average down.

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Growth in the Non-oil sector in Nigeria has been sluggish, and in Angola, the sector of oil has remained weak. In South Africa, the sentiments of low investment are assessing the economic activities. Excluding South Africa, Angola, as well as Nigeria, growth in the remaining subcontinent is anticipated to remain robust, though slower in some states. The average growth amid non-resource-intensive republics is predicted to edge down, shimmering the effects of the tropical cyclone in Zimbabwe and Mozambique, political vagueness in Sudan, the fiscal alliance in Sudan, and agricultural carry across in Kenya. In Central Africa, Monetary and Economic community nations, which are besides resource-intensive, the action is expected to grow at a modest speed, supported via raising oil production. Growth among exporters for metal is expected to become restrained, as mining production sluggish, as well as metal prices, fall.

Challenges

Currently, in my opinion, Africa is exposed to several challenges. The levels of public debts, as well as the risk of debts, are rising. This may lead to jeopardizing of debt sustainability in various countries. Some countries like Kenya are depending on cash from other nations, which is leading to debt increase. The ratio of debt in other countries is multiplying, and they are a probability that they will not meet the debs by the defined period. Again, there is a lack of suitable jobs in the Africa continent. There are many educated people in Africa, but they are jobless. Due to lack of development in some countries, many people have no jobs hence making the development in a country a challenge.

Future

The future of Africa is currently innovative moderately than industrialization. For a sturdier economic future, the Africa union is launching several organizations for marketing. They act as a focal base for dialogue as well as co-operation on the opportunities as well as challenges, which advanced technology present, which are amalgamating our biological, physical, and digital worlds. These include several tools that, shared, will affect dominant agricultural, manufacturing, and extractive industries, offering Africa an unparalleled chance to transform as well as thrive.

Economic Growth

In general, economic growth for Africa is stable and is expected to increase in 2020 and 2021. The fundamentals for growth are also enlightening, with a plodding shift from individual consumption towards speculation and exports. The 2020 outlook shows that growth has been not as much as inclusive. The potion of the African countries that have acquired inclusive growth covers a third of the whole continent hence reducing both poverties along with inequality. For the sake of the future workforce for Africa, this year, the special theme is delivering education as well as skills in the economic sector. Policy action is taken to expand school access in remote areas, developing a system for demand-driven education to cater to the employee's needs to ensure a future workforce is achieved.

Political Issues

The main political issue that is faced in Africa today is political violence. The Republic of Central Africa goes on to experience the civil war between Anti-Balaka, Seleka, and government militias. The Seleka connected to militant Islam along with the Anti-Balaka, linked to militias Christianity as well as Animism, is trying to force a country breakup along with ethics and sectarian lines with the population of the country caught in the lethal crossfire. In some countries such as Uganda, the death rate is increasing due to political violence. Another country that has the number of deaths increasing is Madagascar involving several insurgent Dahalo militias. Poor governance has also been an issue where some countries are still struggling for independence.

Environmental Issues

Several environmental issues have taken place in several parts of Africa. They have caused death as well as other losses to people and the continent as a whole. Some of the issues here include deforestation, soil erosion and degradation, desertification, and development along with the environment. Deforestation takes place when foliage is cut down to be used as firewood, timber, and free up crop cultivation spaces. This has led to rapid urbanization, civil war, and drought in various countries. When most of the trees are cut down, thy leave a bare land hence increasing the probability of soil erosion.

Conclusion

In conclusion, the African continent is currently exposed to various risks that need to be put into consideration. To end various challenges facing the continent should look for various ways of minimizing deficit dents by looking at various ways of increasing job opportunities low developed countries. Environmental issues, as well as political issues, have exposed several countries to various risks which need to be resolved for the better future of the continent.

Work Cited

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Vernaschi, Marco. "The cocaine coasts." The Virginia Quarterly Review 86.1 (2010): 43. Retrieved 13 February 2020, from https://www.vqronline.org/essay/cocaine-coast

Sanford, Victoria, and Anne Barbour. Buried secrets: Truth and human rights in Guatemala. Palgrave Macmillan, 2003. DOI: 10.1057/9781403973375