Insights
Infrastructure is vital for economic growth, yet building costs in Sub-Saharan Africa far exceed those in Europe. High import duties, labor shortages, political instability, and challenging terrains inflate expenses. Additionally, reliance on outdated technology and foreign expertise further complicates and increases costs. Addressing these issues is essential for affordable and sustainable development in the region.
A post-pandemic Africa does not need to lead to financial ruin for the African entrepreneur and, indeed, adaptation to the new normal can present opportunities for innovative small businesses on the continent. This article provides a guide for African business owners on how to identify new opportunities.
Given the rampant skepticism surrounding the CFA Francs and the rise of cryptocurrencies, it is no longer illegitimate to question whether a state sponsored crypto currency could become a viable alternative to CFA Francs. Here we determine the extent to which such a crypto currency could can address issues raised by the current CFA Francs, while taking in consideration likely implementation challenges.
