Subscribe free to our newsletters via your
. Military Space News .




AFRICA NEWS
UN trade body says Africa must embrace sustainable economy
by Staff Writers
Geneva (AFP) June 13, 2012


Africa has abundant natural resources to kickstart its economy, but it needs to use them in a sustainable manner and requires outside help to develop, UN agency UNCTAD warned on Wednesday.

"Africa is so rich and filled with resources but it is exporting them; what it should do is use more resources more efficiently and transform itself into a higher production economy," UNCTAD director general Supachai Panitchpakdi told reporters.

Speaking at the UN Conference on Trade and Development's launch of its 2012 report on Africa, Panitchpakdi said that the continent's consumption of resources was half the global average.

This indicated that the need for change is "very urgent", he said, since the African economy is still too dependent on agriculture.

However Panitchpakdi added that Africa's relative lack of industrialisation could turn out to be in its favour, since it meant new technological advances could be embraced easily.

He called on developed countries to help Africa, since nearly $24 billion alone is required between now and 2030 merely to ensure that the continent's people have access to electricity.

But he warned that foreign direct investment had to be monitored carefully.

"We need to have concerted, active and deliberate policies from states. This cannot be left to the markets, it must be directed by government," he said.

The director general said that although Africa "could afford to" export its resources at the moment, the continent's governments should embrace durable alternatives in such fields as energy provision now, or risk making the same mistakes as other industrialised countries have done in the past.

The UNCTAD report gives guidelines at a national level to assist states in the creation of sustainable development.

Countries including Kenya, Mauritius and South Africa are shown in the report to have made progress in adopting durable economic solutions in energy production and greater land productivity.

.


Related Links
Africa News - Resources, Health, Food






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AFRICA NEWS
Botswana, climate and tourism
London, UK (SPX) Jun 12, 2012
Botswana's Okavango Delta is a sensitive ecosystem that could be affected detrimentally by climate change. Given the Delta's prominence in the country's tourist industry, such negative impacts could wreak havoc on its economy and affect the lives of its inhabitants. Tourism in Botswana is the second largest economic sector, according to Wame Hambira of the University of Botswana in Gaboron ... read more


AFRICA NEWS
Missile defense system for Europe and potential threat to Russia

Rafael seeks to boost range of Iron Dome

Lockheed Martin Delivers Core Structure for Fourth SBIRS Satellite

NATO activates missile shield, reaches out to Russia

AFRICA NEWS
Javelin Missile Proves New Capability during Vehicle-Launched Norwegian Tests

Lockheed Martin Partners With Turkey For PAC 3 Missile Canister Production

US Navy awards Raytheon $338 million for Tomahawk

Israel 'to evacuate Tel Aviv' in event of missile attack

AFRICA NEWS
Sagem tests UAV, announces contract

Swedish Defence Materiel Administration Orders AeroVironment Puma AE and Wasp Small Unmanned Aircraft Systems

Chavez reveals Venezuela has built first drone

US drone kills three militants in Pakistan: officials

AFRICA NEWS
Raytheon receives contract to link Navy Multiband Terminal to USAF's Polar Satellite

Raytheon receives $79 million award for US Navy Multiband Terminal systems

Northrop Grumman Completes CDR For Integrated Air And Missile Defense Battle Command System

ASC Signal Introduces Redundancy Technology For Seamless Switching of Antenna Systems

AFRICA NEWS
NTU researchers study little mighty creature for scientific breakthrough

Corruption causes Cold War arms to still kill in Bulgaria

US Marines fire Excalibur from record range in Afghanistan

Canada to spend $600 million on new armor

AFRICA NEWS
Saudi, Japan deals drive record US arms sales

Defense industries face $100B less orders

China, US smash international arms trafficking ring

Britain axes hundreds of Gurkhas in new round of cuts

AFRICA NEWS
Commentary: Fame or shame?

India 'lynchpin' for US strategy in Asia: Panetta

British army to rely on allies, reservists as cuts bite

China, Russia vow to tighten UN partnership

AFRICA NEWS
Self-assembling nanocubes for next generation antennas and lenses

Researchers watch tiny living machines self-assemble

'Nanocable' could be big boon for energy storage

Researchers love triangles




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement