Africa: The Commodity Curse Returns
Can some of Africa's biggest economies recover from a sharp fall in oil and metal prices?
Sharp falls in commodity prices have dealt serious blows to the prospects of workers, communities, and businesses in large parts of Africa over the last few years.
The World Bank said economic growth in sub-Saharan Africa slumped to its lowest level for more than two decades last year and earlier this month South Africa, the continent’s third largest economy, re-entered recession.
The picture is not uniformly bleak – the outlook is much more positive in East Africa – but the continent’s largest economies are suffering. Can they turn things around and end their reliance on oil and mining? What hope is there for those seeking relief from poverty, and what jobs might they do in the future?
Ed Butler is joined by a panel of guests: Kola Karim, CEO of Shoreline Group, a Nigerian energy and infrastructure company; professor Mthuli Ncube, head of Quantum Global Research Lab and former chief economist of the African Development Bank; and Lorenzo Fioramonti, professor of political economy at the University of Pretoria, in South Africa.
(Picture: Women fill wheelbarrows with coal in South Africa. Credit: Marco Longari, Getty Images)
Last on
More episodes
Previous
Clip
-
GDP: A "stupid model"
Duration: 01:16
Broadcasts
- Sat 17 Jun 2017 02:06GMT´óÏó´«Ã½ World Service except Americas and the Caribbean, East and Southern Africa, News Internet & West and Central Africa
- Sat 17 Jun 2017 10:32GMT´óÏó´«Ã½ World Service except News Internet
- Sat 17 Jun 2017 21:32GMT´óÏó´«Ã½ World Service East and Southern Africa & West and Central Africa only
- Sat 17 Jun 2017 22:32GMT´óÏó´«Ã½ World Service except East and Southern Africa, News Internet & West and Central Africa
- Sun 18 Jun 2017 02:06GMT´óÏó´«Ã½ World Service Americas and the Caribbean, East and Southern Africa & West and Central Africa only
- Sun 18 Jun 2017 14:06GMT´óÏó´«Ã½ World Service East and Southern Africa & West and Central Africa only
In The Balance Podcast
Sign up to receive every programme automatically
Podcast
-
In the Balance
The biggest financial stories and why they matter to us all.