A good example of the positive effects of promoting private sector investment was the boom in mobile telephone communications throughout Africa which was and still is driven by the private sector. South Africa, DEVELOPMENTAL CHALLENGES AND OPPORTUNITY IN AFRICA, MINDS IS CREATING IMPACT BY ENGAGING YOUNG LEADERS, THOUGHTS ON THE EFFECT OF UNIVERSITY APPLICATIONS COSTS ON PURSUING A HIGHER EDUCATION, Economic and Regional Integration Programme, Youth Programme on Elections and Governance, Scholarship Programme for Leadership Development, Programme de bourses d’études pour le développement du leadership, Youth Participation In Governance in Africa, MY PROGRESS AND DEVELOPMENTS AFTER THE MINDS WORKSHOP. Key challenges remain global competition, commercial viability, inadequate infrastructure, skills shortages, high transportation costs (whether by road, railway, air or sea), cross-border transport delays, unreliable energy supplies and lack of Government support for small and medium sized enterprises. With expectations of technological growth, high demand for infrastructure, and rapid urbanization, respondents to a McKinsey Global Survey on business opportunities in Africa are confident about the continent’s long-term economic prospects. The general consensus is that integration and cooperation is vital for African development, as most African countries have relatively small internal markets and can develop greater economies of scale through regional integration to become more competitive and attractive to investors and promote intra African trade. Many African borders are artificial colonial creations which cut through and … Investment in a renewable energy project in Africa can increases insufficient, this believed that there is vast untapped natural gas in Africa with significant hydroelectric power potential. When you choose us, you will be joining an exceptional family of lawyers. Home; News & Events; News; OpEd for International Women's Day 2021 . Tony Elumelu Foundation 2021 Africa Entrepreneurship Programme – $5000 Grant Available. Turning Resources into Continental Prosperity. Intra African trade still only makes up approximately 10% of Africa’s total trade (compared to approximately 60% in Europe, 40% in North America and 30% in Asia) although informal trade levels are not covered in official statistics and may increase the overall figure. It is used to point to the fact that we all need the help of one another to survive as humans. Steps are being taken in this regard with some countries being better than others. Private sector companies involved in natural resources are increasingly (either voluntarily or as a result of Government requirements) investing in the countries and communities where they operate, for example by training locals and building schools and hospitals. Many African countries still have large powerful state owned enterprises (although several countries have privatisation programmes). 10th Road There is unfortunately no “one size fits all” solution for job creation and much depends on local conditions and policies. Many African countries still have insufficiency of state-owned infrastructure facilities, and that should’ve to lead to an effective contribution to the generation of revenue for the government that could be injected in the public activities. Africa-China Reporting Project accepts application for the Call for contributions: African health and agricultural development in 2020. By so doing, they end up burdened by debt; and usually, creditors use this leverage to influence the countries’ policies on their favor. It is alsoa potential source of political instability.It is estimated that over 70% of the working age population is unemployed or has no job security and that the unemployment rate is about 40 to 50% in most sub-Saharan African countries. Kenyan mobile operator, Safaricom, has been the forerunner in this regard with approximately 70% of Kenya’s adult population now having access to mobile financial services. The majority of Africans remain, however, outside the formal financial system and rely on cash. Investment in renewable energy projectsin Africa increased by 384% in 2010.The largest wind farm project in Africa is in Kenya. Johannesburg A Unique Opportunity for Low-carbon Development in Africa How will Africa manage to meet the expanding energy needs of its fast-growing, young, and increasingly urban population? Africa is often spoken about as if it is one country or unified bloc, even though it actually comprises 54 separate sovereign states. Africa potentiality lies in it fertile land, water full of fishing as well as other water-natural resources, that can help its citizens, in its knowledge and markets transformation. Energy shortages negatively affect economic growth because business (especially manufacturing) is dependent on secure energy supplies. There is, however, a lack of data and no accepted definition of the African “middle class”. Acha Leke and Landry Signé. In Nigeria, Africa’s largest economy, and in other parts of the continent, much of that opportunity lies in improving infrastructure, creating jobs for young people, and enhancing the value chain in agriculture. But with the fastest growing population in the world, and the availability of natural resources African nations can capitalize on this opportunity for growth. This necessitates for the state’s government to provide adequate facilities to the public, local and foreign private sector firms to promote rapid achievement of sustainable economic growth through Intra-Africa trade and investment. Mobile payment systems have been very successful in countries like Kenya and Tanzania and have expanded to include other financial services. Lex Africa is the oldest and largest African legal network and currently has members in 27 African countries. GDAI welcome applications from a wide range of backgrounds. For example, 120 million of Nigeria’s total population of about 150 million people either access finance informally in cash or not at all. YOUTH EMPOWERMENT IS TOO COSMETIC, BUT WHO TRAINED THE COSMETICIAN? A framework for regional integration already exists in the form of established regional bodies like the Southern African Development Community (SADC), the Southern African Customs Union (SACU), the Economic Community of West African States (ECOWAS), the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA). However, numerous challenges for investors in funding energy projects in Africa remain including inefficient or incomplete regulatory frameworks, the size and complexity of projects and risk aversion.The need for certainty as to government tariffs is also essential for private sector investment in energy projects. MDDA is a statutory development agency for promoting and ensuring media development and diversity. Africa has a lot of potential when it comes to hotel development, expansion and capital growth. This is precisely one of the top fully funded global opportunities for Africans to apply. The general consensus is that integration and cooperation is vital for African development, as most African countries have relatively small internal markets and can develop greater economies of scale through regional integration to become more competitive and attractive to investors and promote intra African trade. Many African borders are artificial colonial creations which cut through and separated pre-existing economic regions. Senegal and Zambia are only two recent examples in 2012 of a peaceful transfer of power following a democratic election. Leveraging the infrastructure built by mining companies as part of establishing development corridors for agricultural and other purposes to link regions and even countries has generally been positive. The stated purpose of this legislation is to assist the economies of sub-Saharan Africa and to improve economic relations between the United States and the region. Africa’s economic growth and development require a vibrant and developed financial services infrastructure. The planned Cape to Cairo free trade area (including SADC, COMESA and EAC) would integrate twenty-six countries and 590 million people and there is talk of a single currency. Africa has also pioneered innovative ICT solutions to deal with challenging market conditions, for example mobile money transfers with an estimated 350 million African mobile money subscribers by 2015. It is accepted that infrastructure development is critical to Africa’s economic transformation. It is believed that there are vast untapped natural gas reserves in Africa aswell as significant hydroelectric power potential. World Vision has the privilege to partner with communities in 26 countries in Africa: Angola, Burundi, Central African Republic, Chad, Congo (DRC), Ethiopia, Ghana, Kenya, Lesotho, Malawi, Mali, Mauritania, Mozambique, Niger, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe. Key issues for business remain the creation of an enabling environment for investment, the rule of law and stability and certainty as to the legal, regulatory, business and political environment. Arab Gulf Programme for United Nations Development Organizations (AGFUND) Prize: … It is estimated that more Africans have access to mobile phones than to clean water and electricity, (World Bank, 2011). Globally, Sub-Saharan Africa (SSA) is the region most at risk for food insecurity and is largely dependent on food imports, especially cereals. Applicants should have at least an MSc degree in areas related to Governance or 5 years professional experiences in fields relevant to the theme of Governance and Development in Africa. Strong institutions created in the will of its citizens, they can push forward true leadership, democratic governance and unity for Africa. Unemployment remains one of the greatest challenges facing Africa and will materially limit the growth of the middle class. There is a popular saying that “No man is an island”. African countries should begin to be partners to other developed countries in an enhancing conceptualisation, implementation, monitoring and evaluation of developmental policies and programmes like agricultural productivities and strengthening financial institution; not economic slaves. This include the removal of tariff and non tariff barriers and restrictions on the availability of trade finance; fast tracking cross-border infrastructure; single border posts; limiting red tape, reducing costs and formalities for cross-border transport (including improving flight connections between African countries and removing visa requirements) and supporting and integrating the informal sector into the formal economy. Check the list of open funding opportunities for African NGOs and Individuals below: Applications to Injini Cohort 3- Africa’s first Edtech-dedicated incubation & Seed Investment Programme are now open. Africa has the advantage of being able to leap frog directly to use the latest technology.It is estimated that more Africans have access to mobile phones than to clean water and electricity. Besides supporting small businesses, the institution can create jobs. The need to dispel the many afropessimist myths and negative perceptions about Africa was recognised. There are, however, risks that the Africa consumer spending boom could result in over spending, increased indebtedness, low saving levels and a rampantly materialist / consumerist culture. A regional resource to check out is the African Development Bank (AfDB). Middle class income levels are placed at anything from US$4 a day to US$20 a day (a much lower income level than the middle class in the USA). The prevalence of hunger and poverty in SSA are still among the highest in … This necessitates close and constructive cooperation between the public and local and foreign private sector firms as well as clarity on the role of Government (whether as co funder, regulator and / or owner). If YES, here are 50 best innovative small business ideas & investment opportunities in Africa for 2021. Technology a Driver of Growth and Productivity. Long term investments in infrastructure, agriculture, education, services (including banking, financial, IT and telecommunications) and manufacturing are however preconditions for economic diversification. Civil society organizations at the community level may have opportunities to participate in AfDB-funded projects. Youth Participation and Inclusion: A Problem of Political Leadership, WE ARE GIFTED WITH POWERFUL MINDS ABLE TO CREATE AND DO MORE THAN WE CAN POSSIBLY IMAGINE, PROMOTING CIVIC ENGAGEMENT IN ELECTORAL PROCESSES IN BOTSWANA. Championing economic opportunities for women in Africa – Development Partners International’s (DPI) latest fund to become the first 2X Flagship Fund Content provided by Asset 2 The official language of the School is English. Generally speaking the relationship between the private sector and Government is better now than in the past when more marxist, socialist or statist models of economic development prevailed. Africa has a global comparative advantage in agriculture, being home to more than half the world’s agriculturally suitable and highly unused land, resources and its vast water resources have hardly been tapped. africanDRONE was founded in 2017 to be an association which will help provide structure to that growth, and help steer the nascent drone industry into a powerful force for good. Key takeouts from this report The pressure on Africa’s food supply will require substantial investment in order to guarantee food security, as Africa remains the only region yet to experience a “Green Revolution”. Seventy percent of Africa’s population is under the age of 30 and Africa’s population is predicted to double fromone billion to two billion by 2050 and so the unemployment problem is likely to worsen in future unless effective steps are taken to address this. Future growth projections for Africa’s financial services (especially retail banking) are however very positive due to rising income levels and urbanisation. Business Rescue Practitioners – mind the trap. African’s financial system is not well established. GCHERA World Agriculture Prize Award 2021 ($100,000 Prize) Boustany Foundation Harvard University MBA Scholarships 2021/2022 for study in USA (Fully Funded) Let’s go, Africa! How Governments spend and invest the revenues they receive from natural resources is also crucial. In South Africa the Consumer Protection Act and National Credit Act have been enacted to address these risks. The key focus must be to assist farmers to get their products to market, introduce new technology and farming methods, provide funding and support to farmers and recognise property rights in order to revolutionise Africa’s agricultural sector and realise its potential. Africa is on the rise. There remain risks and challenges as well as opportunities in Africa and relying on reputable and competent local partners and advisers will significantly minimise (or ideally eliminate) these risks or at least permit informed decisions based on a sound assessment of the risks. The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on… Development Aid Jobs in Africa from IntJobs.com at ACDI/VOCA, IJM - International Justice Mission, UNITAMS - United Nations Integrated Transition Assistance Mission … Electing leaders with the capacity to deliver on the aspirations of Africa should suffice. By Peace Mukazi Ndekezi When it comes to Governance, there is a negative stereotyping of Africa as an insecure,... Imen Zaouam, MINDS Alumnus – Tunisia July 2018 Facebook: Imene Zm LinkedIn: imen zaouam Instagram: @imen_zm Why is... Archlove Takunda Tanyanyiwa, MINDS Alumni Twitter: @archlovetakunda Facebook: Takunda Archie Tanyanyiwa The Southern and East Africa Workshop on Elections and Governance MINDS... Machua Stephen Njoroge Facebook: StephenMachua Twitter: StephenMachua The International Youth Day will be celebrated on 12th August in different... By Hamiru Harry Massaquoi The concept of you participation in governance in Africa became more... Rahma Samaroon (Published with permission by author) July 2018 Last year as I was applying for postgraduate studies,... Jerry Kariuki My story starts more than five years ago when on the 4th of February 2013, I... Bernard Oben Bogosi, Organisation for Youth and Elections in Botswana (OYEBO) is mandated to sensitise the youth of Botswana... Investment Place, Block C