The African Center for Economic Transformation (ACET)

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The African Center for Economic Transformation (ACET) is a Pan-African economic policy institute supporting Africa’s long-term growth through transformation. We produce research, offer policy advice, and connect key stakeholders so that African countries are better positioned for smart, inclusive, and sustainable development. To make this happen, we work closely with governments, business leaders, and development partners to strengthen countries’ transformation agendas. Our vision is an economically transformed Africa within a generation.

Recent Posts

Climate Action for Africa at COP27

November 3, 2022

Climate finance has failed Africa. African countries receive a grossly insufficient amount of climate finance, falling far short of what they require. For the period 2020-2030, the average annual climate funding needs for Africa are estimated at around $33.5b for adaptation, $72b for mitigation, and $36.5b for loss and damage, totaling $142b. However, annual climate flows to Africa currently stand at only $30b. If the same level of climate funding persists throughout the period 2020-2030, there will be an annual shortfall of $112b – amounting to a total climate finance gap of $1.1tn. At COP26, [...]

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The Future of Work in Africa: Eight Opportunities for Development Finance Institutions

May 20, 2022

Africa’s current job market is not providing enough jobs, and the available jobs are not of sufficient quality for Africans to live a life of dignity, free of poverty. Africa’s future work will still be impacted by present challenges, but there are also several new opportunities across different sectors – fueled by the transition to digital and green economies, increased continental trade, and the potential of Africa’s women, youth, and its informal sector. The report Shifting and Accelerating DFI Investments for More Decent Jobs in Africa, commissioned by ACET and ONE, identifies eight opportunities for DFIs to support [...]

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An Open Letter to G7 Finance Ministers

May 17, 2022

Your urgent leadership towards a data-driven modern-day Marshall Plan for People and Planet In these historically tough times, when all tools of global policy must be maximised, we are writing to remind you and the other G7 Finance Ministers of your responsibility as the biggest group of shareholders of the IMF and World Bank. So we ask you please to honestly ask yourselves this question: are you doing everything possible, in close cooperation with the G20 and others, to direct these institutions, and the wider family of multilateral development banks, [...]

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