Search

Begin New Search Political Geography Central Africa Content Type Working Paper

1. The Implications of Financial Development for Economic Growth in CEMAC

Author:
Jean-Cedric Kouam
Publication Date:
02-2023
Content Type:
Working Paper
Institution:
The Nkafu Policy Institute
Abstract:
In recent years, the Economic and Monetary Community of Central Africa (CEMAC) has experienced sluggish economic growth. This has fallen from 4.86% in 2010 to 0.04% in 2021 (World Bank, 2021), a drop of 4.82 percentage points in a decade. In addition to the high vulnerability of economies to exogenous shocks, several economists such as Asteriou & Spanos (2019) attribute the slowdown in growth to the underdevelopment of the financial sector. In CEMAC, the access of populations to mobile money or commercial bank deposit services has undoubtedly become insufficient to keep economies on a sustainable and inclusive growth path. This article reviews the evolution of financial development indicators in the CEMAC zone since 2013, and its impact on the performance of states in terms of economic growth. We use secondary data collected from the World Bank and the Bank of Central African States (BEAC), between 2013 and 2021. The analysis provides public authorities in CEMAC with arguments to promote financial development in the sub-region to boost economic growth, and better take advantage of the opportunities of the African Continental Free Trade Area (AfCFTA). The paper is structured in two sections. Section 1 presents the evolution of financial development indicators in CEMAC and section 2, the implications for economic growth and sustainable development.
Topic:
Development, Regional Cooperation, Finance, Economic Growth, and CEMAC (Central African Economic and Monetary Community)
Political Geography:
Africa and Central Africa

2. An Analysis of the Effects of Oil Price Fluctuations on the Conduct of Monetary Policy in the Economic

Publication Date:
03-2021
Content Type:
Working Paper
Institution:
The Nkafu Policy Institute
Abstract:
For many years, the economies of the Economic and Monetary Community of Central Africa, like most of the world’s economies, have been confronted with numerous fluctuations in the price of raw materials on international markets. For these predominantly extroverted economies, that is, those dependent on export earnings, these price variations have consequences for their macroeconomic performance and the conduct of economic policy. Like most economic crises in the world in the past, the pandemic caused by the new Coronavirus that has been raging since 2020 has also brought with it many changes. Between the confinement measures taken by public authorities to curb the spread of the virus and the resulting slowdown in global economic activity, there has been an inevitable significant drop in global oil demand. The direct consequence of such a scenario is the fall in oil prices on world markets, which is very bad news for the public finances of oil-exporting countries. The main objective of this report is to analyze the effects of oil price fluctuations on the conduct of monetary policy in the CEMAC. We start from the observation that oil shocks are the source of strong inflationary pressures in these economies. It is the responsibility of monetary policy to ensure price stability. Thus, after analyzing the effects of oil price fluctuations on the world economy as well as the macroeconomic and financial implications of these fluctuations on the economies in 2020, we use a Vector Auto Regressive model to analyze the contribution of oil price shocks on the historical dynamics of macroeconomic variables in the various CEMAC countries between 2001 and 2020. Then, we use a Panel Smooth Transition Regression model to analyze the impact of oil price changes on monetary policy in the CEMAC.
Topic:
Economics, International Political Economy, Oil, Natural Resources, Monetary Policy, Global Markets, Inflation, and Macroeconomics
Political Geography:
Africa, Cameroon, and Central Africa

3. Envisioning a Stable South Sudan

Author:
Luka Biong Deng Kuol, Majak D'Agoôt, Remember Miamingi, Lauren Hutton, Phillip Kasaija Apuuli, Luol Deim Kuol, and Godfrey Musila
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Africa Center for Strategic Studies
Abstract:
The internal conflict and resulting humanitarian crisis embroiling South Sudan since December 2013 have exposed the country’s fragility. A weak national identity, ethnically based violence, a legacy of violent conflict resolution, personalized and patronage-based politics, weak institutional checks on the abuse of power, and the absence of encompassing leadership, among other factors, all pose obstacles to peacebuilding. As a result, envisaging a stable South Sudan has become increasingly difficult for many South Sudanese and external observers. With regional and international diplomacy rightly focused on negotiating an immediate end to hostilities, the Africa Center for Strategic Studies has asked a selection of South Sudanese and international scholars, security practitioners, and civil society leaders to share their visions of the strategic issues South Sudan must address if it is to make a transition from its current state of dissimilation to a more stable reality. These visions, taken individually and collectively, are intended to help sketch out some of the priorities and prerequisites for transforming today’s highly fragmented security landscape in South Sudan to one in which its citizens are safe in their own country and are protected from external threats.
Topic:
International Cooperation, Nationalism, Regional Cooperation, United Nations, and Humanitarian Intervention
Political Geography:
Africa, East Africa, South Sudan, and Central Africa

4. Timeline of South Sudan Peace Agreements and Violence

Author:
Africa Center for Strategic Studies
Publication Date:
12-2019
Content Type:
Working Paper
Institution:
Africa Center for Strategic Studies
Abstract:
Despite multiple ceasefires and peace agreements signed since the conflict began in 2013, the humanitarian costs to the citizens of South Sudan continue to grow.
Topic:
Civil War, Humanitarian Intervention, Negotiation, Violence, and Peace
Political Geography:
Africa, Sudan, East Africa, South Sudan, and Central Africa

5. Humanitarian Costs of South Sudan Conflict Continue to Escalate

Author:
Africa Center for Strategic Studies
Publication Date:
01-2018
Content Type:
Working Paper
Institution:
Africa Center for Strategic Studies
Abstract:
Now in its fifth year, South Sudan’s current conflict has displaced 4.5 million people—the same number of southern Sudanese displaced during the entire three-decade Sudan civil war.
Topic:
Civil War, Humanitarian Aid, United Nations, Refugees, and Displacement
Political Geography:
Africa, Sudan, East Africa, South Sudan, and Central Africa

6. Term Limits for African Leaders Linked to Stability

Author:
Africa Center for Strategic Studies
Publication Date:
02-2018
Content Type:
Working Paper
Institution:
Africa Center for Strategic Studies
Abstract:
Progress toward institutionalizing the norm of presidential term limits in Africa has been mixed. Leaders in 5 countries have evaded term limits since 2015, bringing the number of countries lacking term limits to 18. In contrast, 21 African countries have upheld presidential term limits, and an additional 15 now have such limits on the books. These limits, in turn, have wide-ranging implications
Topic:
Authoritarianism, Democracy, Political structure, Political stability, and Institutionalism
Political Geography:
Africa, North Africa, West Africa, Central Africa, and Southern Africa

7. Humanitarian Need and Displacement in South Sudan

Author:
Africa Center for Strategic Studies
Publication Date:
03-2017
Content Type:
Working Paper
Institution:
Africa Center for Strategic Studies
Abstract:
A spike in political violence since mid-2016 has caused the worst humanitarian crisis in South Sudan since its decades-long civil war with Sudan.
Topic:
Political Violence, Civil War, Humanitarian Aid, and Displacement
Political Geography:
Africa, Sudan, East Africa, South Sudan, and Central Africa

8. Conflict and Famine in South Sudan

Author:
Africa Center for Strategic Studies
Publication Date:
03-2017
Content Type:
Working Paper
Institution:
Africa Center for Strategic Studies
Abstract:
While much of East Africa suffers from drought, it is conflict, rather than lack of rain, that has been the cause of famine in South Sudan.
Topic:
Humanitarian Aid, Famine, Food Security, and Conflict
Political Geography:
Africa, Sudan, East Africa, South Sudan, and Central Africa

9. Africa’s Population Displacement Reaches Record Levels in 2017

Author:
Africa Center for Strategic Studies
Publication Date:
08-2017
Content Type:
Working Paper
Institution:
Africa Center for Strategic Studies
Abstract:
Africa’s humanitarian crises have continued to worsen in 2017. Displacement of Africans has reached twenty million, and 44 million are acutely food insecure.
Topic:
Humanitarian Aid, United Nations, Food Security, Refugees, and Displacement
Political Geography:
Africa, East Africa, and Central Africa

10. Constitutional Term Limits for African Leaders

Author:
Africa Center for Strategic Studies
Publication Date:
09-2017
Content Type:
Working Paper
Institution:
Africa Center for Strategic Studies
Abstract:
African leaders’ adherence to constitutional term limits is a key component of institutionalizing predictable norms of democratic succession. Progress toward establishing this norm has been mixed, however. While a number of African countries have succeeded in upholding term limits over the past two decades, leaders in more than 20 countries effectively do not face restrictions on their time in power.
Topic:
Democracy, Political structure, Political stability, and Institutionalism
Political Geography:
Africa, North Africa, East Africa, Central Africa, and Southern Africa

11. South Sudan Conflict Drives Massive Population Movement

Author:
Africa Center for Strategic Studies
Publication Date:
10-2017
Content Type:
Working Paper
Institution:
Africa Center for Strategic Studies
Abstract:
Mass atrocities, including unlawful killings, rape, torture, and destruction of property, have caused one in three people in South Sudan to flee their homes.
Topic:
Genocide, Human Rights, United Nations, Refugees, and Displacement
Political Geography:
Africa, Sudan, East Africa, South Sudan, and Central Africa

12. Overlapping Effects of Autocracy and Conflict in Africa

Author:
Africa Center for Strategic Studies
Publication Date:
09-2016
Content Type:
Working Paper
Institution:
Africa Center for Strategic Studies
Abstract:
The strong overlap of autocracy and conflict in Africa underscores the strong political dimensions of Africa’s contemporary conflicts.
Topic:
Authoritarianism, Democracy, and Conflict
Political Geography:
Africa, North Africa, Central Africa, and Horn of Africa

13. Broken Promises: The Arms Embargo on Darfur Since 2012

Publication Date:
07-2016
Content Type:
Working Paper
Institution:
Small Arms Survey
Abstract:
The UN arms embargo on Darfur— imposed in 2004, expanded in 2005, and elaborated in 2010 with additional due-diligence requirements—has demonstrably failed to prevent the delivery of materiel to Darfur’s armed actors. A transnational supply chain based in locations as diverse as the remote Central African trading town of Am Dafok and the commercial centres of Dubai continues to furnish weapons, ammunition, and other military equipment to all sides in a 14-year-old conflict (see Map 1).
Topic:
Arms Control and Proliferation, Military Strategy, Military Affairs, Weapons, and Arms Trade
Political Geography:
Sudan, Darfur, and Central Africa