|
on Africa |
| By: | Florian Léon (FERDI - Fondation pour les Etudes et Recherches sur le Développement International, CERDI - Centre d'Études et de Recherches sur le Développement International - IRD - Institut de Recherche pour le Développement - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne); Djeneba Dramé (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | Africa faces a major financial challenge: to achieve the Sustainable Development Goals (SDGs) and finance its demographic, ecological, and digital transitions, the continent must close a financing gap estimated at several hundred billion dollars per year. Public resources and official development aid will not be sufficient. The solution may lie in domestic private resources: Caisse de dépôt institutions, little-known yet strategic financial institutions, have the potential to mobilize local private savings—currently largely underutilized—to finance projects of public interest. Present in eleven African countries, they still struggle to fully play their role. How can they become an effective lever to transform national savings into a driver of development? |
| Keywords: | Development financing, Sustainable development goals, domestic revenue mobilisation |
| Date: | 2026–02–23 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05524903 |
| By: | Andrea Ariu (UNIMI - Università degli Studi di Milano = University of Milan); Jaime de Melo (FERDI - Fondation pour les Etudes et Recherches sur le Développement International, UNIGE - Université de Genève = University of Geneva); Jean-Marc Solleder (UNIGE - Université de Genève = University of Geneva, FERDI - Fondation pour les Etudes et Recherches sur le Développement International) |
| Abstract: | Broadband connectivity, data-driven logistics, e-commerce, cloud services, and fintech reduce coordination costs and loosen the ties between production and physical proximity, opening the door to participation in Global Value Chains (GVCs). These technologies expand opportunities both to embed services into goods exports and to export services directly. This policy brief reviews the evidence on the extent and pattern of Africa's participation in supply chain networks. Research gaps—data, Methodological, and Conceptual Obstacles— that prevent African countries from breaking into high-skilled, tradable service exports are identified. The paper concludes by proposing three research areas: understanding services-led integration; exploring the mechanisms of change; building the data foundations. |
| Abstract: | Cette publication explore comment la digitalisation (internet, e-commerce, services cloud, fintech) peut aider l'Afrique à mieux participer aux chaînes mondiales de valeur, notamment via les services. Alors que l'Afrique reste souvent en amont, exportant des matières premières, les technologies numériques permettent désormais d'exporter des services à distance, sans infrastructure lourde. L'étude montre que des pays comme le Ghana réussissent déjà à exporter des services à forte valeur ajoutée, grâce à des investissements, des compétences et une meilleure connectivité. Mais des obstacles restent : manque de données, régulations restrictives, infrastructures insuffisantes. La recherche propose de mieux étudier ces opportunités, surtout pour permettre à l'Afrique de se diversifier et de créer des emplois qualifiés. |
| Keywords: | Innovation, Africa, Digitisation, Services, GVCs, Trade, Economic policy, Digital transformation, Ecommerce, Fintech, Development, Economy, Afrique, Digitalisation, Economie, Transformation digitale, Politique économique |
| Date: | 2026–01–12 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05455840 |
| By: | Jens H. E. Christensen; Daan Steenkamp |
| Abstract: | Using a novel arbitrage-free dynamic term structure model of nominal and real bond prices that accounts for bond-specific liquidity risk premia, this paper provides estimates of bond investors' inflation expectations and associated inflation risk premia in South African sovereign bonds. The results suggest that investors' long-term inflation expectations have gradually been declining towards the tolerance band adopted by the South African Reserve Bank in 2000. |
| Keywords: | Inflation, Liquidity, Risk, Financial institutions, Capital market |
| Date: | 2026 |
| URL: | https://d.repec.org/n?u=RePEc:unu:wpaper:wp-2026-21 |
| By: | Robert Reinhardt (Centre d'Economie de la Sorbonne, Université Paris 1 Panthéo-Sorbonne) |
| Abstract: | Sub-Saharan African cities are among the fastest growing in the world but face significant climatic risks. This study investigates how the four most important weather shocks (floods, heat waves, drought, and storms) have shaped the physical expansion of 5, 721 cities in the region between 2000 and 2019. Using high-resolution remote sensing data combined with a panel of weather shocks observed over time, we find that floods, especially, reduce urban growth by 3-9%, most notably in western Africa. The effects are substantially amplified when floods follow heat waves, a common cooccurring combination. Droughts, when considered in the surrounding areas of cities, are associated with a 3% growth in urban areas. However, inverse effects are observed when treatment history is taken into account. Storms appear to accelerate the growth of wealthier towns, although the evidence is limited. Heatwaves alone show no clear effect. Our findings emphasize the need for integrated flood adaptation policies that take common co-occurring hazards equally into account. Furthermore, we emphasize the importance of considering both the historical context and the spatial dimension of the shock in empirical work |
| Keywords: | Climate change; Resilience; Urban growth; development |
| JEL: | P25 Q54 O44 |
| Date: | 2026–01 |
| URL: | https://d.repec.org/n?u=RePEc:mse:cesdoc:26004 |