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

Amplifying African Voices: Reforming Multilateral Development Banks

February 27, 2023

Now is the time to build momentum for meaningful reforms that address Africa’s needs In recent years, the world has experienced a rise in the number and frequency of crises such as climate change, the COVID-19 pandemic, and geopolitical conflicts. This highlights the need for urgent action to tackle the most pressing global challenges of our time. However, international responses to these crises have been disappointing, and lessons from the past have not been properly learned. Multilateral Development Banks (MDBs) are uniquely qualified to address today’s crises with strong country-specific [...]

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Promoting Climate-Resilient and Green Development in Africa

February 7, 2023

Sub-Saharan Africa has contributed little to global greenhouse gas emissions, and yet it is the world’s most vulnerable region to climate change. Rising temperatures and sea levels, as well as rainfall anomalies, are increasing the frequency and intensity of natural disasters. Heavy dependence on rain-fed agriculture and limited ability to adapt to weather-related shocks means that the livelihoods of millions are threatened by climate-induced disasters. COP27, often dubbed as “the Africa” COP, has recently ended. World leaders gathered in Sharm El-Sheikh to discuss how to mobilize collective efforts for ambitious [...]

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Climate Finance: How to move from the Trillions to the People?

January 25, 2023

Climate finance has emerged as a major concern not just for African countries, but for the developing world at large. Global warming is estimated to generate a median loss of 1.5 percent of annual GDP in developing countries and in sub-Saharan Africa (IPCC, 2022). At the same time, there is a rising occurrence of catastrophic events – droughts, floods, pandemics – that lead to the loss of years of development at once. It is poor people, women, and children that are the least able to protect themselves and bear the [...]

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The Development Finance Agenda Must Adapt to Africa’s Reality

November 29, 2022

The global financial architecture is no longer aligned with the economic, social, and environmental needs of many African economies. But addressing this misalignment will require a strong African voice from leaders and policy institutes working together to determine what changes are needed. To help address these issues and develop a more unified African perspective, a group of ten African think tanks and policy institutes gathered on November 15, 2022, to launch the amplifying Africa’s voice initiative. Two tracks of connected reflections African countries are being faced with twin challenges. On the [...]

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