Growing Africa Economy
African countries have a real opportunity to capitalize on their resource endowments and high international commodity prices, as well as on opportunities from changes in the global economy to promote economic transformation through commodity-based industrialization and to address poverty, inequality and unemployment. If grasped, these opportunities will help Africa promote competitiveness, reduce its dependence on primary commodity exports and associated vulnerability to shocks and emerge as a new global growth pole.
“We believe that African countries are today a very dynamic economic environments in the world” says the Secretary General of CCIP during the first STP DFIs in Italy.
Investors interested in expanding business in Africa are encouraged to contact the CCIP Africa Business Task Force for specialized counseling. Our team can help businesses access and commercial services both in the Africa countries. CCIP has good relationship in African countries and can assist the European investors to find the industrial and trade partners.
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Dynamic Industrial Policy in Africa
Abuja, 30 March 2014 (ECA) - African countries need to introduce credible industrial policies and promote effective industrial policy organizations to enhance the structural transformation of the continent, says a new report jointly produced by the United Nations Economic Commission for Africa and the African Union Commission.
Transforming Africa’s industrial landscape has failed partly because countries used industrial blueprints characterised by lack of dynamism and high level coordination, as well as inadequate consultations with stakeholders, according to this year’s Economic Report on Africa.
Until now, says the report, an examination of Africa’s failure at industrialization had ignored the policy processes and institutions governing industrial policy in Africa or the impact of their inherent weaknesses on industrialization. “Indeed, weak institutional structures and poor policy design have been at the root of Africa’s industrial policy problem throughout its post-independence history,” the report declares.
The theme of this year’s report is “Dynamic industrial policy in Africa: innovative institutions, effective processes and flexible mechanisms.” While acknowledging Africa’s impressive economic growth in the past decade on the back of better commodity prices, improved governance and increasing domestic demand and trade and investment ties with emerging economies, it says that industrialization is a “precondition for Africa to achieve inclusive and sustainable economic growth.”
Beyond an analysis of the continent’s industrialization problems, and based on the experience of industrializing countries in the global south, the report offers an institutional framework for designing and implementing industrial policy in Africa.
The report recommends that top-level coordination of the industrial policy framework is required to deal with potential problems that could undermine the efficiency of industrial policy. Making provision for dialogues between public sector and private stakeholders allows governments and the industrial policy organizations to be adaptable to the changing needs of industry, it counsels.
Regarding the provision of modern infrastructure and logistics necessary for industrialization, the report wants governments with few resources to create “pockets of infrastructure” focused on sectoral or clustering needs of industrial expansion. It recommends industrial parks as one approach which “provides high potential for growth and value addition as well as for solid linkage development and related spillovers among companies, suppliers and service providers.”
The report builds on the previous work of the 2011 edition—on the role of the state in economic transformation—and last year’s—on leveraging Africa’s comparative advantages in commodities to industrialize.
USA development priority for Africa
In June 2012, President Obama established his development priorities in the region with the White House’s U.S. Strategy toward Sub-Saharan Africa, focusing on: economic growth, food security, public health, women and children, humanitarian response, and climate change.
From 2002 to 2012, the total USAID money in sub-Saharan Africa nearly quadrupled, from roughly $1.94 billion $7.08 billion. The assistance money was largely focused on global health spending, specifically the President’s Emergency Plan for AIDS Relief (PEPFAR). But even beyond global health, the U.S. is the leading donor of humanitarian aid to sub-Saharan Africa, particularly in the area of emergency food aid. The Obama administration also provides assistance in agriculture development through its Feed the Future program, a global hunger and food security initiative. Overall, USAID operates 27 different regional missions in 47 African countries – the top five being Kenya, Nigeria, Ethiopia, Tanzania and South Africa.
U.S. development assistance brings government agencies, American organizations and businesses into collaboration with Africans who are trying to put their own communities and countries onto a more prosperous social, political, and economic plane. There are three critical reasons why the US should invest in Africa:
1. Humanitarian interests – Through moral obligation the U.S. has historically been the leading donor of humanitarian assistance in the region. It is part of the American ethos to continue to respond compassionately to people in their most desperate times of need.
2. National security interests – There are continued terrorist concerns in Somalia and Mali, with the potential new threats in Nigeria (the U.S.’s largest trading partner in sub-Saharan Africa). USAID must continue to be very active in these regions particularly to prevent any terrorist strongholds from cementing, and to maintain stability.
3. Economic interests – From 2001 to 2010, six of the fastest growing economies in the world were in Africa. In 2011, foreign investment to sub-Saharan Africa amounted to more than all the development assistance funding for the whole world. Many countries are recognizing and acting on the increasing commercial opportunities in Africa.
Four ways to make U.S. aid to Africa more effective:
1. Sustainable health systems - The majority of health assistance to Africa is used to finance the delivery of health services, which is not sustainable. Greater focus needs to be directed to building health practices that Africans can carry out on their own.
2. Disaster preparedness – For all the humanitarian aid delivered, very little is allocated toward disaster prevention and preparedness. By focusing more resources and expertise toward these areas, the U.S. could reduce the need for large international disaster relief, and save lives.
3. Economic growth - The U.S. should leverage its assistance to stimulate economic growth. Congress and U.S. officials should engage the Export-Import Bank, Department of Commerce, Overseas Private Investment Corporation, U.S. Trade and Development Agency and the U.S. Trade Representative to ensure that a range of government policies and programs are encouraging equitable economic growth for all, and commercial opportunities for U.S. businesses.
4. Democratization and good governance - The U.S. needs to give greater attention and support toward governance policies and oversight; including improving governmental collection of revenues, transparent budgeting, and building the capacity of civil society and legislative systems.
Yet a quiet boom in manufacturing in Africa is already taking place. Farming and services are still dominant, backed by the export of commodities, but new industries are emerging in a lot of African countries.
Africa’s remarkable economic growth during the past decade was based on sustainable drivers of performance, including a transformation in leadership and abundant natural resources. Opportunities to profit exist in infrastructure and robust demand for consumer goods and services from a growing middle class. Challenges to investing in Africa remain, but investors who can overcome the challenges will find superior investment prospects.
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Fast Growing Business Investment Opportunities in Africa
We offer a full consulting service for clients looking to develop their business, attract local investment and find suitable partners in Africa, based off our years of experience working with the african and international development markets.
We promote social inclusion and environmentally sustainable economic development with the following objectives:
- to support the development of solidarity economy and etchical finance;
- to encouragesupport economic and social development;
- to provide financial and consultative aid to ethical and solidarity
institutions currently in place or being created;
- to support the creation of financial institutions that recognise the
principles of social and solidarity finance based on the values of civil
solidarity;
- to assist the private and public instutions to find and to manage finance
aid for activities that contribute to social and economic development,
civil rights, health, life long learning, occupation, rivitalization of
urban and rural areas, cultural and environmental heritage, etc.
Our team has 30 years of professional experience in the world including Africa and we understand what it takes to ensure the continued growth and development of your product here.
Outbound Investment
As the strength of the African economy grows, so African enterprises are fast outgrowing their domestic boundaries and looking to expand into new potential international markets.
Private Equity & Investment
We can provide you with the relevant information you need to source or make sound investments in Africa.
Market Entry
CCIP has perfected a systematic strategy to assist our international clients with their entry into the challenging African market, based on our years of collective experience.
Executive Search & Training
By offering access to our extensive and exclusive business network our Executive Search and Training services offer a well-trained and culturally aware staff for your Africa-based team and office.
Assistance for foreign entrepreneurs:
Choice of location
Market analysis
Market entry strategies
Agency abroad
Feasibility studies
Business plans
Recruiting
Cross-cultural training
For investors and stakeholders:
Analysis and assessment of investment projects
Investment advisory (Private Equity Funds)
Fund advisory (capital markets)
Riskmanagement
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For African Organisations:
Strategic consultation
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For private and public Institutions, NGO, CSO, etc:
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Congress, meetings, round table, seminars
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Microfinance strategies and local, regional social projects
Diversity Management in Africa
Diversity Management in Africa: Findings from the African Peer Review Mechanism and a Framework for Analysis and Policy-Making
Findings from the African Peer Review Mechanism and a Framework for Analysis and Policy-Making
Considered to be the most innovative and important element of African Union’s NEPAD initiative, the African Peer Review Mechanism (APRM) was launched in March 2003 to address governance challenges facing Africa including systemic issues such as political rigidity characterized by executive dominance, political exclusion, especially in the executive and legislature, economic governance and conflicts, pointing to an urgent need to improve all aspects of good governance in the continent.
The mechanism is the first of its kind in Africa, indeed in the world, that takes a comprehensive view of all the aspects of a country’s governance system. This is why some analysts have observed that the APRM has the real potential of playing a decisive role in “collective self-governance” thereby unleashing the continent’s economic and political energies for sustainable development.
One of the most significant achievements of the APRM to date has been its ability to diagnose systemic and structural issues that confront most African States in their governance systems.
These are issues that require a holistic approach in the search for solutions because of the wider impact they have on the quality of governance in all its dimensions. Thus, the APRM country process has unveiled some major systemic issues that hamper governance, one of which is managing diversity.