Emerging Opportunities in Africa-Bridge Model - Akan Odon

Transcript

1. Emerging Opportunities in Africa-Bridge Model By: Akanimo Odon (PhD)
2. Contents The African Economic Renaissance The Key Features The Challenges The Opportunities
3. …on to new frontiers In an era where the world is undergoing economic crises, Africa is surging in growth and development at a remarkable rate. The continent has experienced an average growth rate of more than 5 percent over the past decade, when much of the developed world still struggles to recover from crisis.
4. The Key Features • Investment destination of choice??? • Discovery and development of natural resources • Technology gaps - innovation • Population size – excess of a billion. • Regional markets accessibility
5. The Key Features • Peace and tranquility • Privatization leverages • Taxi reliefs and incentives • The drive for global competitiveness
6. Key Challenges • Government bureaucracy • Infrastructure – energy, ICT, transportation • Access to finance • Inadequately educated workforce • Corruption
7. Opportunities - Industries
8. Opportunities • Training and Capacity Building of African bodies • Arranging Strategic Partnerships with overseas firms • Globalization of African Institutions – systems, knowledge, processes. • Supporting overseas firms to settle in Africa. • Procurement and sales
9. Opportunities Oil and Gas • Training/Capacity Building - supply chain • Local Content development • Arranging for Strategic Partnerships with overseas firms • Helping overseas firms settle in Africa • Globalization of African bodies – systems, processes etc