Africa is a critical continent to watch in 2015. The year ahead holds incredible opportunity – as well as considerable risk.
Africa is poised to receive the global attention it deserves at top-level international meetings on financing for development, new global development goals and climate change.
But alongside such opportunities, the world’s fast-changing economic environment brings risk. Oil and commodity prices, which plummeted in 2014, are likely to remain unstable. And the banking system will be challenged by new regulatory and compliance frameworks. These macro changes have so far been greatly underestimated.
Here are 10 scenarios that the Africa Progress Panel sees unfolding in 2015.
The Africa Progress Panel consists of ten distinguished individuals from the private and public sector who advocate for equitable and sustainable development for Africa. Mr Kofi Annan, former Secretary-General of the United Nations and Nobel laureate, chairs the Panel and is closely involved in its day-to-day work. The Panel facilitates coalition building to leverage and broker knowledge, and convene decision-makers to influence policy and create change for Africa. The Panel has extensive networks of policy analysts across Africa. By bringing together experts with a focus on Africa, the Panel contributes to generating evidence-based policies.