A New Framwork of Economic Development
in African CountriesBy: Prof. Dr. Norbert W. Knoll von Dornhoff
General Secretary
European Day of Entrepreneurs6th October 2011 in Dubrovnik, Croatia
My presentationI. Market trends in African CountriesII. Constraints for developmentIII. A new framework for development
1. Millennium Regions2. From trading to industrial partnership3. Towards a more efficient financial architecture
Source: How big is Africa Really ?. By Erika Amoako-Agyei
Africa is 30,3 million km² and thus is larger than the combination of:China (9,6 million km²),the US (9,4 million km²),Western Europe (4,9 million km²),India (3,2 million km²)and Argentina (2,8 million km²)plus the Scandinavian countries and the British Isles with room to spare.
FROM TRADING TO INDUSTRIAL PARTNERSHIPTRADE WITH BRICS64% IMPORTS from CHINA58% EXPORTS to CHINA
I. Essential Markets Trends for Africa 2011 and beyond
Africa is, and will continue to be, one of the fastest-growing economic regions in the world, thanks to surging demand both from abroad (from China and India in particular) and at home (fuelled by urbanization and consumerism.
Telecoms, banking, retailing, manufacturing and even agriculture will be the the region’s fastest growing sectors: Africa’s consumer market will
account for the region’s largest growth.
Energy from renewable sources, sun, water,wind, biomass, waste Low cost housing Rapidly expanding, Africa’s youthful workforce, will be a key advantage. Smart phones will be the fastest-growing category of handsets, even in the
poorer areas, where they often serve as a substitute for PCs. . commerce will flourish in 2011.
Africa is well positioned to profit from natural resources as global demand for commodities continues to rise.
Companies that succeed in these neglected emerging markets are not only putting down roots in the world’s most fertile soil. They are giving themselves a chance to establish business habits for years to come.
Erika Amoako-Agyei, Jounalist and Africa Expert
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Inward FDI stock 1985 -2007
Uganda
Congo, Democratic Republic of
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Ethiopia
United Republic of Tanzania
Tanzania
Ethiopia
Uganda
Kenya
Congo-DR
Uganda: Best at education
GDP per capita – annual growth in % - 2006
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II. ConstraintsRelation Delay in obtaining water connections (days)and GDP per capita (x 100)
Main constraints: Electricity
Constraints: The Banks
III. A new framework for development
Millennium Villages
Millennium Village ProjectA Success
Story
Millennium Regions
The proposed WMR in Sub Saharan Countries shall be a territories which the Governments and the local Authorities declare as an area of infrastructural development to be set up in pleasant sites served by international transport and communication infrastructure; nearby Research/Training centers and Universities.
MSME - Technology Park, Center of Competence
FTL – Finance Transaction Levy
Currency Transaction Levy
for economic development and crises prevention in African Countries
Estimated annual revenue of a 0.005% Currency Transaction Levy in selectCommonwealth countries.Country Estimated annual revenue (US$)4Australia $2,211,000,000Canada $1,386,000,000India $231,000,000New Zealand £627,000,000Singapore $396,000,000
South Africa $297,000,000
MALIInternational demand for products such as cotton has dropped, meaning many farmers can no longer afford such essentials as school fees for their children. ©Helen Palmer/Oxfam
THANK YOU FOR YOUR
ATTENTIONWUSME WORLD UNION
OF SMEs
General Secretariat1026 Budapest, Garas utca
22Tel: +361- 315 10 59
mailto: [email protected], web:
www.wusme.org
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