Apr 17, 2024

Economics

Economics

24 mins

24 mins

Resilience in Informality: Lessons from zimbabwe’s hidden economy

by

Nyasha Nyahunzvi

Africa's colonial-era conservation model risks continued environmental degradation by excluding indigenous knowledge and community participation.

Africa's colonial-era conservation model risks continued environmental degradation by excluding indigenous knowledge and community participation.

Africa's colonial-era conservation model risks continued environmental degradation by excluding indigenous knowledge and community participation.

article transcript

article transcript

article transcript

article transcript

article transcript

Summary

This article examines the resilience and significance of Africa’s informal sector, which employs the majority of the continent’s workforce and contributes substantially to GDP. Despite challenges like limited credit access and exclusion from formal systems, the sector thrives through adaptability and community support. The article traces its historical roots, critiques Western development models, and advocates for alternatives like Africapitalism, which prioritize community well-being, long-term social wealth, and sustainable local development over traditional economic growth frameworks.