By adopting Afro-Economics, African countries can reduce poverty, achieve economic prosperity and stability that is relevant and sustainable for the continent and improve the standard of living for millions of people across Africa. An African solution is required to solve African problems and Afro-economics is the solution for sustainable economic growth and development in Africa.
The term Afro-economics is a combination of two words, ‘afrocentric’ and ‘economics’. Afro-economics is based on the idea that Africa has a unique history, culture and economic potential that requires a different approach to economic development than the one prescribed by mainstream economic theories and policies. It is an economic philosophy that seeks to address the unique challenges facing African economies and emphasises the need to leverage Africa’s vast natural resources, human capital and cultural heritage for the economic development and empowerment of the people and nations…
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