Africa: Breaking the ‘Paradox of Plenty’ – Turning Africa’s Wealth Into Shared Prosperity

Africa is rich in natural resources but struggles with poverty, hunger, and debt, with $90 billion lost annually through illicit financial flows. At the African Economic Conference in Botswana, leaders discussed transforming wealth into prosperity by addressing debt management, promoting economic diversification, and enhancing regional integration. The African Continental Free Trade Area was highlighted as a key opportunity for reducing reliance on raw material exports and building local industries, with an emphasis on evidence-based policymaking and the role of young researchers in driving Africa’s sustainable development.

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