Sub-Saharan Africa’s economy is projected to grow by 3% in 2024, but challenges like conflict, climate change, and high debt service costs are hindering progress, with 34% of government revenues being spent on debt servicing. The region needs to invest more in education to equip its growing workforce, with estimates showing the need for 9 million new classrooms and 11 million teachers to achieve universal education by 2030. Improving access to education and supporting entrepreneurship are crucial for driving sustainable, inclusive growth and providing meaningful job opportunities for skilled graduates.
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Africa: Rep. James Introduces the AGOA Extension and Enhancement Act of 2024
Representative John James, Chairman of the House Foreign Affairs Committee’s Subcommittee on Africa, introduced the AGOA Extension and Enhancement Act of 2024, aiming to reauthorize the African Growth and Opportunity Act until 2037. The bill emphasizes the economic benefits of AGOA for both the U.S. and African countries, highlighting job creation, supply chain adjustments, and the promotion of U.S.-Africa economic ties. By providing broader eligibility assessment options for African nations, the legislation aims to strengthen...
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