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Experts to review ECA’s flagship Economic Report on Africa 2020

An expert group meeting to review the Economic Commission for Africa’s (ECA) flagship Economic Report on Africa (ERA2020) has been scheduled for 16 – 17 January 2020 in Johannesburg, South Africa.

The report is titled, “Innovation for Private Sector Development in Africa.” It looks at current knowledge on innovations in finance, including financial technologies (fintech) and how such innovations can make a clear breakthrough in financing business sector development in Africa.

The Economic Report on Africa is ECA’s main flagship publication. Each edition appraises recent economic and social developments in Africa and delves into a key policy issue facing the continent.

The 2020 report builds on previous editions of ERA and various analytical work undertaken by ECA, as well as research by other research institutions, on financing Africa’s development. It provides evidence-based reference material for policymakers, business sector decision-makers and other stakeholders on harnessing private sector finance for Africa’s sustainable development.

Another important consideration in the report is on how African countries can adopt industrial policy and investment policy to support digital development.

The overall aim of the report is to articulate how innovative sources of finance can be utilized to finance Africa’s business sector development, taking into account both potential innovations in the financial services sector and innovations in businesses (such as start-ups, micro-enterprises, large corporates, and private-public enterprises). These are integral components of achieving sustainable economic development.

ERA2020 is an interdivisional collaborative work led by ECA’s Private Sector Development and Finance Division (PSDFD) and the Macroeconomic and Governance Division (MGD), with appropriate contributions from all substantive divisions.

The report is scheduled for launch during ECA’s Conference of African Ministers of Finance, Planning and Economic Development in March 2020.

Dele Fashomi
Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93. Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism. He had done many courses in communication, including the EU-BBC Editing Course in 2002. Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013). He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers. He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 - 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 - 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor. Dele Fashomi is now the Publisher/Editor-in-Chief of newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled:  Olabiyi Durojaiye - DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography - AGAINST ALL ODDS. There are many other books in the works under his pen.