Private Sector Solutions to Africa's Displacement Crisis
African News
The global displacement crisis has surged to unprecedented level with Africa accounting for 45% of the total numbers. Sahel, Sudan, DRC show the highest numbers, largely conflict-induced with conflict taking a toll on economic growth and affecting neighboring countries facing their own crisis. Real GDP growth is on average 2.5% lower in conflict affected areas. For e.g. with the conflict in a pivotal country for the HoA such as Sudan, the Sudanese economy is expected to shrink by 23% in 2023, affecting not only exports, trade routes but also imports representing crucial economic ties, forex with neighbors such as Chad, Egypt, Ethiopia, South Sudan, CAR and others. While humanitarian support coordinated by government remains crucial, private sector solutions are also called for longer term solutions. They play a pivotal role leveraging their resources, products, services and expertise. ‘Private sector is investing into the conversation and economic activities. It’s not charity, not CSR. It’s what it takes for all to raise together.