United Nations Economic Commission for Africa’s Post

As Africa’s Population Crosses 1.5 Billion, The Demographic Window Is Opening; Getting The Dividend Requires More Time And Stronger Effort On the World Population Day yesterday, the United Nations’ Population Division released the 28th edition of official World Population Prospects (WPP) and forecast. It is a rich repository of population estimates from 1950 to the present for 192 countries or areas of analyses of historical demographic trends and of projections to the year 2100 that reflect a range of plausible outcomes at the global, regional and national levels. Unsurprisingly, the world’s population has witnessed a tremendous growth in the last six decades. Global population was around 3 billion in 1960. In just two decades (by 1982), it had surpassed 5 billion and since November 2022 there are more than 8 billion people in the world. Africa has been at the center of this population growth – accounting for the largest relative growth, its population has expanded from 283 million in 1960 to more than 1.5 billion in 2024 – a more than five-fold increase – and is projected to increase by 950 million and touch 2.5 billion by 2050. This 63 percent increase in population will increase Africa’s share in the world’s population from the 10 percent in 1960 to 28 percent by 2050. Globally, more than 1 in 4 people will be African in 2050, from 1 in 11 in 1960. Of the eight countries that will account for more than half of the global population growth between now and 2050, five of them are in Africa: the Democratic Republic of the Congo, Egypt, Ethiopia, Nigeria, and the United Republic of Tanzania. Read more 👉 https://lnkd.in/en9gs6bt Saurabh Sinha, Chief of Social Policy Section, ECA Melat Getachew, Consultant #populationgrowth #population #growth #Africa #Demographic #demographicdividend  #WorldPopulationDay

Strengthening institutional frameworks, enhancing regulatory oversight, and improving communications strategies can pave the way for sustainable debt management and attract much-needed investments to propel Ghana's development agenda - McBride Nkhalamba. P at joint ECA and African Peer Review Mechanism (APRM) workshop on Credit Ratings. In collaboration with the African Peer Review Mechanism (APRM), we've facilitated critical exchanges on Sovereign Credit Ratings, providing countries with tools and knowledge to understand rating methodologies, establish communications with rating agencies, and build networks for peer learning - ECA's Sonia Essobmadje #SovereignCreditRatings #CreditRatings

Representatives from Zambia, Ghana, APRM, ECA & credit rating agencies kickstart talks on Credit Ratings in Accra. "We hope to get a better understanding of the methodology used to assess the creditworthiness of African countries and how to monitor & improve ratings" - ECA's Sonia Essobmadje African Peer Review Mechanism (APRM) #Zambia,#Ghana,#APRM,#Accra #CreditRatings

Experts from the United Nations Economic Commission for Africa, the African Peer Review Mechanism (APRM), and Credit Rating agencies meet in Accra for a three-day deep dive into 'Sovereign Credit Rating Methodology and Transparency.' "Strengthening fiscal policies, enhancing debt management, and promoting economic diversification are key strategies to improve Credit Ratings and access to funding" said ECA's Sonia Essobmadje at a joint press briefing with African Peer Review Mechanism (APRM) ahead of the Credit Ratings workshop in Accra. Sonia Essobmadje tells the press in Accra: 'Credit Ratings are crucial for reducing borrowing costs & freeing resources for critical investments in Africa. Ghana's approach highlights the need for sound fiscal policies & robust local capital markets.' #CreditRating #debt #debtmanagement #Africa #Accra #capitalmarkets

The 6th Africa Gender Statistics Forum. Gender Data helps capture & improve the realities of women & girls. More funding is needed for timely, relevant data. RSVP for the 6th Africa Gender Statistics Forum Register here bit.ly/AGSF24Registration Statistics Botswana  African Development Bank Group PARIS21  SADC Secretariat African Union  #AGSF24 #WomenCount #GenderData  #AGSF 

At the African Union Ministerial Specialised Technical Committee, ECA’s Deputy Head Hanan Morsy presented the work of the African High-level Working Group on Global Financial Architecture highlighting the key wins achieved mandain priorities. We are at the defining moment to reshape the global financial architecture says Hanan Morsy. Africa must continue to keep up its advocacy efforts.   Priorities highlighted by Hanan Morsy include: ensuring affordable finance at scale; reform of debt resolution mechanisms; enhancing Africa’s voice and representation in the international financial system. #reform #debt #finance #Africa #FinancialArchitecture

The next UN Business Seminar is scheduled to be held on Thursday, 11 July 2024 from 8:30 am to 1:00 pm at the United Nations Conference Centre in Addis Ababa (UNCC-AA). The event, which is being organized in collaboration with the Addis Ababa Chamber of Commerce, aims to support local businesses in Ethiopia in engaging with UN Organizations in Ethiopia.   This year’s Business Seminar will also be an opportunity to create awareness and understanding of the private sector in Ethiopia to engage with the African Continental Free Trade Area Agreement (AfCFTA). In view of the pivotal role of the private sector in realizing the full potential of the AfCFTA, the UN in Ethiopia will work together to strengthen the capacity of the private sector in Ethiopia to take advantage of opportunities offered by the AfCFTA to become key players in East Africa and other regional markets for various products.     In addition to objectives outlined above, the seminar will also provide an opportunity for information and experience sharing on the following important issues: - How Vendors can be registered in the United Nations Global Marketplace (UNGM) and how to use the website. - Create awareness and understanding of the African Continental Free Trade Area (AfCFTA) among participating vendors and suppliers. - How to strengthen networks and partnerships among businesses, fostering collaboration and knowledge exchange through AfCFTA; - How to empower Small and Medium Enterprises (SMEs) to play a more significant role in driving sustainable development and economic growth across Africa through AfCFTA; - How to establish a foundation for ongoing support and collaboration to further advance SMEs participation in the AfCFTA. Register in advance for this webinar 👉 https://lnkd.in/eB3tvsB6 Addis Ababa Chamber of Commerce and Sectoral Associations #AfCFTA #AddisAbaba #Ethiopia #SMEs